Commonwealth Bank - Report to Shareholders 2003 - Notes to the Financial Statements
 

Notes to the Financial Statements

For the year ended 30 June 2003

NOTE 4 Earnings per Share
2003
cents
2002
cents

Earnings Per Ordinary Share    
- Basic
157.4
209.6
- Fully diluted
157.3
209.3
   
$M
$M

Reconciliation of earnings used in the calculation of earnings per share
 
 
Profit from ordinary activities after income tax
2,018
2,656
Less: Preference share dividends
(40)
(34)
Less: Outside equity interests
(6)
(1)

Earnings used in calculation of earnings per share
1,972
2,621

   
 
 
Number of Shares

2003
M
2002
M

Weighted average number of ordinary shares used in the calculation of basic earnings per share
1,253
1,250
Effect of dilutive securities - share options
1
2

Weighted average number of ordinary shares used in the calculation of fully diluted earnings per share
1,254
1,252

 
 
Cash Basis Earnings Per Ordinary Share
cents
cents

- Basic
202.6
197.3
- Fully diluted
202.5
197.0