Exhibit 7
Weighted Average Number of Ordinary Shares
Number outstanding at start of period |
| 822,601,167 |
| 633,192,071 |
|
Plus Weighted Average movement of: |
|
|
|
|
|
Ordinary Shares |
| 11,169,520 |
| 27,200,247 |
|
Ordinary Share Equivalents |
| n/a |
| n/a |
|
Contingently Issuable Shares |
| n/a |
| n/a |
|
Bonus Element Current Year |
| 1,403,542 |
| 4,636,009 |
|
Current Bonus Element Applied to Prior Year |
|
|
| 1,482,718 |
|
Total Weighted Avge No. of Ordinary Shares |
| 835,174,229 |
| 666,511,545 |
|
Diluted EPS
Before Significant Items |
|
|
|
|
|
Earnings before PACRS per above |
| 431,361,044 |
| 316,890,523 |
|
Plus |
|
|
|
|
|
Additional Potential Income After Tax |
| 26,814,217 |
| 53,588,254 |
|
less OEI at Average Rate |
|
|
|
|
|
less Interest on PACRS |
| (52,298,631 | ) | (36,383,648 | ) |
Earnings After PACRS interest |
| 405,876,629 |
| 334,095,128 |
|
|
|
|
|
|
|
Weighted Avge Ordinary Shares for Basic |
| 835,174,229 |
| 666,511,545 |
|
Plus Potential Ordinary Shares |
| 71,120,895 |
| 123,337,389 |
|
Weighted Avge Ordinary Shares for Diluted |
| 906,295,124 |
| 789,848,933 |
|
|
|
|
|
|
|
EPS |
| 44.8 cents |
| 42.3 cents |
|
|
|
|
|
|
|
After Significant Items |
|
|
|
|
|
Earnings |
| 361,277,797 |
| 851,697,376 |
|
Plus |
|
|
|
|
|
Additional Potential Income |
| 6,070,243 |
| 53,588,254 |
|
less OEI at Average Rate |
|
|
|
|
|
less Interest on PACRS |
| (52,298,631 | ) | (36,383,648 | ) |
Earnings After PACRS interest |
| 315,049,408 |
| 868,901,981 |
|
|
|
|
|
|
|
Weighted Avge Ordinary Shares for Basic |
| 835,174,229 |
| 666,511,545 |
|
Plus Potential Ordinary Shares |
| 22,135,552 |
| 123,337,389 |
|
Weighted Avge Ordinary Shares for Diluted |
| 857,309,781 |
| 789,848,933 |
|
|
|
|
|
|
|
EPS |
| 36.7 cents |
| 110.0 cents |
|
|
| Basic EPS |
| Diluted EPS |
| Prior Year as Published |
| After 02/03 |
| ||||||
|
| 30-Jun-03 |
| 30-Jun-02 |
| 30-Jun-03 |
| 30-Jun-02 |
| Basic |
| Diluted |
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| |
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Statutory |
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Note 42. Earnings per Share (EPS) |
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Weighted Average Ordinary Shares |
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|
Weighted Average pre-Bonus Elements |
| 833,771 |
| 660,393 |
| 833,711 |
| 660,393 |
| 660,393 |
| 660,393 |
| 651,86? |
|
Bonus Element Current Year |
| 1,404 |
| 4,636 |
| 1,404 |
| 4,636 |
| 4,636 |
| 4,636 |
| 4,64? |
|
Current Bonus Element Applied to Prior Financial Year |
| — |
| 1,483 |
| — |
| 1,483 |
|
|
|
|
|
|
|
Total Weighted Average Ordinary Shares |
| 835,175 |
| 668,512 |
| 835,174 |
| 666,512 |
| 665,029 |
| 665,029 |
| 666,512 |
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EPS Before Significants |
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|
Weighted Average Ordinary Shares Before Significants |
| 835,174 |
| 666,512 |
| 835,174 |
| 666,512 |
| 665,029 |
| 665,029 |
| 66,512 |
|
(Millions - after Bonus Elements included) |
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|
Effect of employee options |
|
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|
|
| 3,654 |
| 1,433 |
|
|
| 1,430 |
| 1,433 |
|
Effect of PACRS |
|
|
|
|
| — |
| 53,967 |
|
|
| 53,847 |
| 53,967 |
|
Effect of partly-paid shares |
|
|
|
|
| 0.434 |
| 0.311 |
|
|
| 0.310 |
| 0.314 |
|
Effect of convertible securities |
|
|
|
|
| 67,033 |
| 67,626 |
|
|
| 67,476 |
| 67,626 |
|
Number for Diluted EPS |
|
|
|
|
| 906,295 |
| 789,849 |
| 665,029 |
| 788,092 |
| 789,849 |
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EPS before Significants (PACRS as Debt) |
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Post Goodwill |
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|
PAT before Significant items ($m) PACRS as Equity |
| 431.4 |
| 315.9 |
| 468.2 |
| 370.5 |
| 316.9 |
| 370.5 |
|
|
|
less PACRS Interest Paid as Equity |
| (52.3 | ) | (35.4 | ) | (62.3 | ) | (36.4 | ) | (36.4 | ) | (36.4 | ) |
|
|
PAT before Significant items ($m) PACRS as Debt - Post Goodwill |
| 379.1 |
| 280.5 |
| 405.9 |
| 334.1 |
| 280.5 |
| 334.1 |
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|
Basic EPS before Significants - Post Goodwill |
| 45.4 cents |
| 42.1 cents |
| 44.8 cents |
| 42.3 cents |
| 42.2 cents |
| 42.4 cents |
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|
Change from Restated Prior Period |
| 7.9 | % | 3.3? cents |
| 11.7 | % | 2.50 cents |
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Pre Goodwill |
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PAT before Significant Items ($m) PACRS as Debt |
| 379.1 |
| 280.5 |
| 405.? |
| 334.1 |
| 280.5 |
| 334.1 |
|
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|
Add back Goodwill Amortisation |
| 138.8 |
| 54.5 |
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Less Tax Effecting Goodwill |
| (10.1 | ) | — |
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PAT before Significant Items ($m) PACRS as Debt - Pre Goodwill |
| 507.8 |
| 335.0 |
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Basic EPS before Significants - Pre Goodwill |
| 60.8 cents |
| 50.3 cents |
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Change from Restated Prior Period |
| 20.9 | % | 10.50 cents |
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EPS before Significants (PACRS as Equity) |
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PAT before Significant Items ($m) PACRS as Equity |
| 431.4 |
| 31?.9 |
| 455.2 |
| 370.5 |
| 316.9 |
| 370.5 |
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|
Basic EPS before Significants |
| 51.7 cents |
| 47.5 cents |
| 50.6 cents |
| 46.9 cents |
| 47.7 cents |
| 47.0 cents |
|
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|
Change from Prior Period |
| 6.6 | % | 4.20 cents |
| 7.9 | % | 3.70 cents |
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EPS After Significants |
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|
Weighted Average Ordinary Shares After Significants |
| 835.174 |
| 666.512 |
| 835.174 |
| 666.512 |
| 665.029 |
| 665.029 |
| 665.512 |
|
(Millions - after Bonus Elements included) |
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|
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|
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|
Effect of employee options |
|
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|
|
| 3.654 |
| 1.433 |
|
|
| 1.430 |
| 1.433 |
|
Effect of PACRS |
|
|
|
|
| — |
| 53.967 |
|
|
| 53.647 |
| 53.967 |
|
Effect of partly-paid shares |
|
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|
| 0.434 |
| 0.311 |
|
|
| 0.510 |
| 0.311 |
|
Effect of convertible securities |
|
|
|
|
| 18.048 |
| 67.626 |
|
|
| 67.476 |
| 67.626 |
|
Number for Diluted EPS |
|
|
|
|
| 857.310 |
| 789.849 |
|
|
| 788.092 |
| 788.849 |
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EPS after Significants (PACRS as Debt) |
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PAT after Signficant Items ($m) PACRS as Debt |
| 361.3 |
| 651.7 |
| 367.3 |
| 905.3 |
| 851.7 |
| 905.3 |
|
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|
less PACRS Interest Paid as Equity |
| (52.3 | ) | (36.4 | ) | (52.3 | ) | (36.4 | ) | (38.4 | ) | (36.4 | ) |
|
|
PAT after Significant Items ($m) PACRS as Debt |
| 309.0 |
| 815.3 |
| 315.3 |
| 868.9 |
| 815.3 |
| 868.9 |
|
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|
Basic EPS after Significants |
| 37.0 cents |
| 122.3 cents |
| 36.7 cents |
| 110.0 cents |
| 122.5 cents |
| 110.3 cents |
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|
Change from Restated Prior Period |
| -69.7 | % | 65.30 cents |
| -12.0 | % | 7?.50 cents |
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EPS after Significants (PACRS as Equity) |
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PAT after Significant Items ($m) |
| 361.3 |
| 851.7 |
| 367.3 |
| 906.3 |
| 851.7 |
| 905.3 |
|
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|
Basic EPS after Significants |
| 43.3 cents |
| 127.5 cents |
| 42.8 cents |
| 114.5 cents |
| 12?.1 cents |
| 114.3 cents |
|
|
|
Change from Prior Period |
| -66.1 | % | 64.50 cents |
| -62.7 | % | 71.?0 cents |
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| Note 42. Earnings Per Share (EPS) |
|
|
| ||
|
|
|
|
|
| ||
|
|
|
| Revised Method |
| ||
|
|
|
| 30-Jun-03 |
| 30-Jun-02 |
|
|
| Basic EPS |
|
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|
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| Earnings |
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|
| Before Significant Items |
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|
T_PBST |
| T_PBT - excl. Significant Items |
| 575,273,012 |
| 446,364,271 |
|
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| Less |
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|
|
T500 |
| Tax exp op profit before abnormals |
| (127,100,620 | ) | (120,180,252 | ) |
|
| Excluding: |
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| Portion Attributable to OEI |
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|
U510 |
| OEI- share of oper profit after tax |
| (16,811,348 | ) | (9,293,496 | ) |
U511 |
| OEI - share of abnormals after tax |
| — |
| — |
|
|
| Cost of Servicing Equity |
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|
|
| Preference Share Dividends |
| n/a |
| n/a |
|
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|
T_PATSIGN |
| Profit After Tax before Sign Items |
| 431,361,044 |
| 316,890,523 |
|
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| After Significant Items |
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T_PATSIGN |
| Profit After Tax before Sign Items |
| 431,361,044 |
| 316,890,523 |
|
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| Less |
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|
T_ABN |
| Total Abnormal |
| — |
| — |
|
T_SIGNIFICANT |
| Total Significant PL Items |
| (86,629,636 | ) | 534,806,853 |
|
T_TAX_SIGN |
| Total Tax Significant Items |
| 16,546,389 |
| 0 |
|
T_NETRECHRG |
| Overhead Recharges after Tax |
| — |
| — |
|
|
|
|
|
|
|
|
|
T_PATEXOEIR |
| Total PAT Extra & OEI & Recharges |
| 361,277,797 |
| 851,697,376 |
|
|
| 02/03 |
| 01/02 |
|
Weighted Average Number of Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
|
Number outstanding at start of period |
| 822,601,167 |
| 633,192,071 |
|
Plus Weighted Average movement of: |
|
|
|
|
|
Ordinary Shares |
| 11,169,520 |
| 27,200,747 |
|
Ordinary Share Equivalents |
| n/a |
| n/a |
|
Contingently Issuable Shares |
| n/a |
| n/a |
|
Bonus Element Current Year |
| 1,403,542 |
| 4,636,009 |
|
Current Bonus Element Applied to Prior Year |
|
|
| 1,482,718 |
|
Total Weighted Avge No. of Ordinary Shares |
| 835,174,229 |
| 666,511,545 |
|
12
Basic EPS (PACRS as DEBT)
Before Significant Items |
|
|
|
|
|
Earnings before PACRS |
| 431,361,044 |
| 316,890,523 |
|
less Interest on PACRS |
| (52,298,631 | ) | (36,383,648 | ) |
Earnings After PACRS Interest |
| 379,062,413 |
| 280,506,875 |
|
|
|
|
|
|
|
Weighted Avge Ordinary Shares (Including All Bonus Elements) |
| 835,174,229 |
| 666,511,545 |
|
|
|
|
|
|
|
EPS |
| 45.4 cents |
| 42.1 cents |
|
Change from Prior Period |
| 7.8 | % | 3.30 cents |
|
|
|
|
|
|
|
After Significant Items |
|
|
|
|
|
Earnings |
| 361,277,797 |
| 851,697,376 |
|
less Interest on PACRS |
| (52,298,631 | ) | (36,383,648 | ) |
Earnings After PACRS Interest |
| 308,979,165 |
| 815,313,728 |
|
|
|
|
|
|
|
Weighted Avge Ordinary Shares |
| 835,174,229 |
| 666,511,545 |
|
|
|
|
|
|
|
EPS |
| 37.0 cents |
| 122.3 cents |
|
Change from Prior Period |
| -69.7 | % | 85.30 cents |
|
|
| Note 42. Earnings Per Share (EPS) |
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| LEGAL |
| LEGALPY1 |
|
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|
| Revised Method |
| ||
|
|
|
| 30-Jun-03 |
| 30-Jun-02 |
|
|
| Diluted EPS |
|
|
|
|
|
|
| Earnings |
|
|
|
|
|
|
| Before Significant Items |
|
|
|
|
|
T_PBST |
| T_PBT - excl. Significant Items |
| 575,273,012 |
| 446,384,271 |
|
|
| Less |
|
|
|
|
|
T500 |
| Tax exp op profit before abnormals |
| (127,100,620 | ) | (120,180,252 | ) |
|
| Excluding: |
|
|
|
|
|
|
| Portion Attributable to OEI |
|
|
|
|
|
U510 |
| OEI - share of oper profit after tax |
| (16,811,348 | ) | (9,293,496 | ) |
U511 |
| OEI - share of abnormals after tax |
| — |
| — |
|
|
| Cost of Servicing Equity |
|
|
|
|
|
|
| Preference Share Dividends |
| n/a |
| n/a |
|
|
|
|
|
|
|
|
|
T_PATSIGN |
| Profit After Tax before Sign Items |
| 431,361,044 |
| 316,890,523 |
|
|
|
|
|
|
|
|
|
|
| After Significant Items |
|
|
|
|
|
T_PATSIGN |
| Profit After Tax before Sign items |
| 431,361,044 |
| 316,890,523 |
|
|
| Less |
|
|
|
|
|
T_ABN |
| Total Abnormal |
| — |
| — |
|
T_SIGNIFICANT |
| Total Significant PL Items |
| (86,629,636 | ) | 534,806,853 |
|
T_TAX_SIGN |
| Total Tax Significant Items |
| 16,546,389 |
| 0 |
|
T_NETRECHRG |
| Overhead Recharges after Tax |
| — |
| — |
|
|
|
|
|
|
|
|
|
T_PATEXOEIR |
| Total PAT Extra &OEI & Recharges |
| 361,277,797 |
| 851,697,376 |
|