13. Earnings per Ordinary Share
The computation of basic and diluted earnings per Ordinary Share is set out below:
|
2017 €m |
2016 €m |
2015 €m |
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|
Numerator computations |
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|
Group profit for the financial year |
1,919 | 1,270 | 729 | |||||||||
|
Profit attributable to non-controlling interests |
(24) | (27) | (5) | |||||||||
|
Profit attributable to equity holders of the Company |
1,895 | 1,243 | 724 | |||||||||
|
Preference dividends |
- | - | - | |||||||||
| Profit attributable to ordinary equity holders of the
Company - numerator for basic/diluted earnings per Ordinary Share |
1,895 | 1,243 | 724 | |||||||||
| Profit after tax for the financial year from discontinued operations | 107 | 81 | 85 | |||||||||
| Profit attributable to ordinary equity holders of the
Company - numerator for basic/diluted earnings per Ordinary Share from continuing operations |
1,788 | 1,162 | 639 | |||||||||
|
Denominator computations |
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| Weighted average number of Ordinary Shares (millions) outstanding for the year (i) | 835.6 | 827.8 | 812.3 | |||||||||
| Effect of dilutive potential Ordinary Shares (employee share options) (millions) (i) and (ii) | 5.2 | 6.1 | 3.6 | |||||||||
|
Denominator for diluted earnings per Ordinary Share |
840.8 | 833.9 | 815.9 | |||||||||
|
Basic earnings per Ordinary Share |
226.8c | 150.2c | 89.1c | |||||||||
|
Diluted earnings per Ordinary Share |
225.4c | 149.1c | 88.7c | |||||||||
|
Basic earnings per Ordinary Share from continuing operations |
214.0c | 140.4c | 78.7c | |||||||||
|
Diluted earnings per Ordinary Share from continuing operations |
212.7c | 139.4c | 78.3c | |||||||||
| (i) | The weighted average number of Ordinary Shares included in the computation of basic and diluted earnings per Ordinary Share has been adjusted to exclude shares held by the Employee Benefit Trust and Ordinary Shares repurchased and held by the Company (CRH plc) as Treasury Shares given that these shares do not rank for dividend. The number of Ordinary Shares so held at the balance sheet date is detailed in note 30. |
| (ii) | Contingently issuable Ordinary Shares (totalling 5,710,247 at 31 December 2017, 3,095,404 at 31 December 2016 and 8,630,786 at 31 December 2015) are excluded from the computation of diluted earnings per Ordinary Share where the conditions governing exercisability have not been satisfied as at the end of the reporting period or they are antidilutive for the periods presented. |