|
|
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
|
|
|
|
$ million |
|
$ million |
|
$ million |
|
|
Earnings |
|
|
|
|
|
|
|
|
|
|
Attributable profit for the year |
|
|
|
767 |
|
784 |
|
410 |
|
|
Adjusted attributable profit (see below) |
|
|
|
826 |
|
735 |
|
761 |
|
Attributable profit is reconciled to adjusted attributable profit as follows:
|
|
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
|
|
Notes |
|
$ million |
|
$ million |
|
$ million |
|
|
Attributable profit for the year |
|
|
|
767 |
|
784 |
|
410 |
|
|
Acquisition-related costs |
|
|
|
(10) |
|
9 |
|
25 |
|
|
Restructuring and rationalisation expenses |
|
3 |
|
– |
|
62 |
|
65 |
|
|
Amortisation and impairment of acquisition intangibles |
|
9 |
|
140 |
|
178 |
|
204 |
|
|
Legal and other1 |
|
|
|
(13) |
|
(20) |
|
187 |
|
|
Profit on disposal of business |
|
21 |
|
– |
|
(326) |
|
– |
|
|
US tax reform |
|
5 |
|
(32) |
|
– |
|
– |
|
|
Taxation on excluded items |
|
5 |
|
(26) |
|
48 |
|
(130) |
|
|
Adjusted attributable profit |
|
|
|
826 |
|
735 |
|
761 |
|
|
1 |
Legal and other credit in 2017 includes $16m within operating profits (refer to Note 2.5), and a $3m charge within other finance costs for unwinding of the discount on the provision for known, anticipated and settled metal-on-metal hip claims. In 2016 the legal and other credit includes $30m within operating profits (refer to Note 2.5), a $5m charge within other finance costs for unwinding of the discount on the provision for known, anticipated and settled metal-on-metal hip claims, and a $5m charge within share of results of associates for expenses incurred by Bioventus for an aborted initial public offering of shares. In 2015, legal and other costs include $190m within operating profit (refer to Note 2.5) and a $3m net interest credit. |
The numerators used for basic and diluted earnings per ordinary share are the same. The denominators used for all categories of earnings for basic and diluted earnings per ordinary share are as follows:
|
|
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
Number of shares (millions) |
|
|
|
|
|
|
|
|
|
|
Basic weighted number of shares |
|
|
|
874 |
|
890 |
|
894 |
|
|
Dilutive impact of share options outstanding |
|
|
|
1 |
|
3 |
|
5 |
|
|
Diluted weighted average number of shares |
|
|
|
875 |
|
893 |
|
899 |
|
|
Earnings per ordinary share |
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
|
87.8¢ |
|
88.1¢ |
|
45.9¢ |
|
|
Diluted |
|
|
|
87.7¢ |
|
87.8¢ |
|
45.6¢ |
|
|
Adjusted2 |
|
|
|
94.5¢ |
|
82.6¢ |
|
85.1¢ |
|
Adjusted earnings per share is calculated using the basic weighted number of shares.