131
FINANCIAL STATEMENTS
10 EMPLOYEE BENEFITS continued Share-based payment expense The share-based payment expense recognised in the Consolidated statement of comprehensive income for employee services receivable during the year is as follows: Year ended 31 December 2019 £m Year ended 31 December 2018 £m Equity-settled schemes 5.2 8.8 Total expense 5.2 8.8 11 EARNINGS PER SHARE The calculation of basic and diluted earnings per share is based on dividing the profit or loss attributable to equity holders of the Company by the weighted-average number of ordinary shares outstanding, and by the diluted weighted-average number of ordinary shares potentially outstanding at the end of the year. The weighted-average number of ordinary shares excludes shares held by the Employee Benefit Trust on behalf of the Company to satisfy future exercises of employee share scheme awards. Year ended 31 December 2019 Year ended 31 December 2018
Weighted- average number of
Weighted- average number of
Earnings per share pence
Earnings per share pence
shares million
Earnings £m
shares million
Earnings £m
302.6
Profit attributable to equity holders of Just Group plc Coupon payments in respect of Tier 1 notes (net of tax)
(63.7)
(16.8)
–
285.8 1,007.5 28.37
Profit attributable to ordinary equity holders of Just Group plc (Basic)
(63.7)
932.7
(6.83)
–
13.1
(0.37)
Effect of potentially dilutive share options1
–
–
–
285.8 1,020.6 28.00
Diluted
(63.7)
932.7
(6.83)
1 The weighted-average number of share options in 2018 that could potentially dilute basic earnings per share in the future but are not included in diluted EPS because they would be antidilutive was 12.9 million share options.
12 DIVIDENDS Dividends paid in the year were as follows:
Year ended 31 December 2019 £m
Year ended 31 December 2018 £m
Final dividend: – in respect of the year ended 31 December 2017 (2.55 pence per share, paid on 25 May 2018)
–
23.8
0.2 0.2
Dividends paid on the vesting of employee share schemes
0.6
Total dividends paid
24.4
16.8 17.0
Coupon payments in respect of Tier 1 notes1 Total distributions to equity holders in the period
–
24.4
1 Coupon payments on Tier 1 notes issued in March 2019 are treated as an appropriation of retained profits and, accordingly, are accounted for when paid.
The Board considers it appropriate not to pay a final dividend for 2019 (2018: nil).
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