Carlton Annual Report & Accounts 1999
INTRODUCTION

Financial highlights

From the Chairman

From the Chief Executive

 
OUR BUSINESSES

Broadcasting & advertising sales

Programme making

Digital pay television

The internet

Technicolour Group

 
FINANCIAL REVIEW

Finance Director's Review

 
CORPORATE GOVERNANCE

Directors' report

Remuneration report

 
FINANCIAL RESULTS

Auditors' report

Profit and loss account

Consolidated balance sheet

Consolidated statement of cash flows

Statement of total recognised gains & losses

Reconciliation of movements in shareholders' funds

Principal accounting policies

 
NOTES TO THE ACCOUNTS

Index to notes

 
APPENDIX

Euro conversion

US$ conversion

Differences between UK and US GAAP

Historical record

Summary notice of AGM

Shareholder information

NOTES TO THE ACCOUNTS
for the year ended 30 September 1999
9 EARNINGS PER SHARE

1999
1998 (Restated)*
Earnings
£m
Weighted avg number of shares
millions
Per share amount
pence
Earnings
£m
Weighted avg number of shares
millions
Per share amount
pence
Profit attributable to shareholders 94.5 211.9
Preference dividends net of amortisation (note 6) (14.2) (15.1)
Basic earnings per share 80.3 612.8 13.1 196.8 609.4 32.3
Effect of dilutive securities
Options - 2.5 - 6.9
6.5p Convertible Preference shares n/a n/a 10.7 42.6
5.5p Convertible Preference shares 3.5 50.6 4.4 53.3
Other - 1.0 - 1.0
Diluted earnings per share 83.8 666.9 12.6 211.9 713.2 29.7
Reconciliation to Headline earnings per share
Basic earnings per share 80.3 612.8 13.1 196.8 609.4 32.3
Exceptional items 32.6 5.3 (9.6) (1.6)
112.9 18.4 187.2 30.7
Digital Television 94.3 15.4 20.7 3.4
Headline earnings per share 207.2 612.8 33.8 207.9 609.4 34.1
Diluted earnings per share 83.8 666.9 12.6 211.9 713.2 29.7
Exceptional items 32.6 4.9 (9.6) (1.3)
116.4 17.5 202.3 28.4
Digital Television 94.3 14.1 20.7 2.9
Headline diluted earnings per share 210.7 666.9 31.6 223.0 713.2 31.3

*1998 earnings and weighted average number of shares have been restated following the adoption of FRS14.
Headline earnings per share excludes the effects of exceptional items and the net costs after tax of digital television. Headline figures have been provided to assist with comparability.

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