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Payments to acquire shares by employee share
ownership trust ("ESOT") (33.1) (44.3)
Net cash (used in)/provided by financing
activities(C) (33.0) 860.4
Effect of foreign exchange rate changes on cash and
cash equivalents (D) 3.8 1.0
Net increase in cash and cash equivalents(A) +(B)
+(C) +(D) 28.1 919.3
Cash and cash equivalents at beginning of period 762.5 1,126.9
Cash and cash equivalents at end of period 790.6 2,046.2
Unaudited US GAAP results for the three months to March 31, 2008
Selected Notes to the US GAAP Financial Statements
(1) Earnings per share
3 months to March 31, 2008 2007
$M $M
Net income 128.6 112.7
Numerator for basic EPS 128.6 112.7
Interest on convertible bonds, net of tax 3.4 -
Numerator for diluted EPS 132.0 112.7
Weighted average number of shares: Million Million
Basic (1) 545.1 522.6
Effect of dilutive shares:
Stock based awards to employees(2) 3.7 6.4
Warrants(2) - 0.7
Convertible bonds 2.75% due 2014(3) 32.7 -
Diluted 581.5 529.7
(1) Excludes shares purchased by the ESOT and presented by the Company as treasury stock.
(2) Calculated using the treasury stock method.
(3) Calculated using the "if-converted" method.
The share equivalen
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