CONSOLIDATED FINANCIAL STATEMENTS >
EXPLANATORY NOTES
148
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
B.24 EARNINGS PER SHARE
B.25 TREASURY SHARES
C.
RESTATEMENT OF COMPARATIVE FIGURES AT 31 DECEMBER 2012
(a) Basic earnings per share
Basic earnings per share are calculated by dividing the profit
attributable to owners of the parent by the weighted average
number of ordinary shares outstanding during the year,
excluding treasury shares.
(b) Diluted earnings per share
Diluted earnings per share are calculated by dividing the profit
attributable to owners of the parent by the weighted average
Treasury shares are reported as a deduction from equity. The original cost of treasury shares and revenues arising from any
subsequent sales are treated as movements in equity.
The consolidated financial statements at 31 December
2012, presented in the present annual financial report for
comparative purposes, have undergone some amendments
compared with the previously published figures. Details of
these amendments are discussed below:
Application of IAS19 Revised
The application of this revised standard has involved
recognising Euro 2 million more in “Finance costs” at 31
December 2012, with a consequent adjustment of Euro 2
million to “Net profit/(loss) for the year” and “Reserves”, both
classified in equity. Further details can be found in Section
B.3 Accounting standards, amendments and interpretations
applied in 2013 and in Note 15. Employee benefit obligations.
number of ordinary shares outstanding during the year,
excluding treasury shares. For the purposes of calculating
diluted earnings per share, the weighted average of
outstanding shares is adjusted so as to include the exercise,
by all those entitled, of rights with a potentially dilutive
effect, while the profit attributable to owners of the parent is
adjusted to account for any effects, net of taxes, of exercising
such rights.
Business combination of Global Marine Systems Energy Ltd
(now renamed Prysmian PowerLink Services Ltd)
The fair values of the assets and liabilities relating to the
business combination of Prysmian PowerLink Services Ltd
(formerly Global Marine Systems Energy Ltd.), calculated on
a provisional basis at 31 December 2012, were finalised during
2013. The final values have made it necessary to amend the
amounts reported in the following line items at 31 December
2012: “Other current receivables” have been increased by Euro
3 million, “Current provisions for risks and charges” have been
decreased by Euro 8 million; as a result, “Goodwill” has been
reduced by Euro 11 million.
