10 Earnings per share.

(i) Earnings per share

(XLS:) Notes to the Supplementary Financial Statements – earnings per share

 

Profit before tax
2012
£m

Tax (expense)/
credit
2012
£m

Profit after tax
2012
£m

Per share
2012
p

Profit before tax
2011
£m

Tax (expense)/
credit
2011
£m

Profit after tax
2011
£m

Per share
2011
p

Operating profit

1,041

(221)

820

14.01

1,469

(357)

1,112

19.08

Investment variances

(32)

14

(18)

(0.30)

(111)

87

(24)

(0.41)

Effect of economic assumption changes

(162)

39

(123)

(2.11)

(21)

11

(10)

(0.17)

Effect of tax rate changes and other taxation impacts

67

67

1.15

156

156

2.67

Earnings per share based on profit attributable to equity holders

847

(101)

746

12.75

1,337

(103)

1,234

21.17

(ii) Diluted earnings per share

(a) Based on operating profit after tax

(XLS:) Notes to the Supplementary Financial Statements – diluted earnings per share – based on operating profit after tax

 

Profit after tax
2012
£m

Number of shares1
2012
m

Per share
2012
p

Profit after tax
2011
£m

Number of shares1
2011
m

Per share
2011
p

Operating profit after tax

820

5,851

14.01

1,112

5,828

19.08

Net shares under options allocable for no further consideration

99

(0.23)

97

(0.31)

Diluted earnings per share

820

5,950

13.78

1,112

5,925

18.77

(b) Based on profit attributable to equity holders of the Company

(XLS:) Notes to the Supplementary Financial Statements – diluted earnings per share – based on profit attributable to equity holders of the Company

 

Profit after tax
2012
£m

Number of shares1
2012
m

Per share
2012
p

Profit after tax
2011
£m

Number of shares1
2011
m

Per share
2011
p

1.

Weighted average number of shares.

Profit attributable to equity holders of the Company

746

5,851

12.75

1,234

5,828

21.17

Net shares under options allocable for no further consideration

99

(0.21)

97

(0.34)

Diluted earnings per share

746

5,950

12.54

1,234

5,925

20.83

The number of shares in issue at 31 December 2012 was 5,912,782,826 (31 December 2011: 5,872,166,893).