Notes to the accounts
Notes to the accounts list| 2005 |
2004 (as restated)* |
||
|---|---|---|---|
| Revenue profit for the year | £134m | £107m | |
| Weighted average number of shares | |||
| – basic | 603m | 602m | |
| – diluted | 628m | 619m | |
| Earnings per share | |||
| – basic | 22.2p | 17.8p | |
| – diluted | 21.4p | 17.3p | |
| Net assets | £3,637m | £3,230m | |
| Number of shares | |||
| – basic | 602m | 604m | |
| – diluted | 603m | 604m | |
| Net asset value per share | |||
| – basic | 604p | 535p | |
| – diluted | 603p | 535p | |
| *As restated to reflect the adoption of FRS 17 – Retirement Benefits and UITF 38 – Accounting for ESOP Trusts. See Basis of preparation. | |||
The difference between the basic and diluted weighted average number of shares used in the calculation of earnings per share and total return per share is the dilutive effect of the convertible bonds and share options.
The difference between the basic and diluted number of shares used in the calculation of net asset value per share is the dilutive effect of share options.