RBS 2004 Annual Report Download - page 154
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152
Notes on the accounts
Notes on the accounts continued
6 Preference and Additional Value Shares dividends
2004 2003 2002
£m £m £m
Non-cumulative preference shares of US$0.01 105 99 141
Non-cumulative convertible preference shares of US$0.01 90 100 108
Non-cumulative convertible preference shares of 0.01 33 37 32
Non-cumulative preference shares of 0.01 4 –– ––
Non-cumulative convertible preference shares of £0.25 — —1
Non-cumulative convertible preference shares of £0.01 15 15 15
11% cumulative preference shares of £1 (1) ———
5.5% cumulative preference shares of £1 (2) ———
Appropriation for premium payable on redemption and issue costs 9 10 8
Total preference dividends 256 261 305
Additional Value Shares — 1,463 798
Total non-equity dividends 256 1,724 1,103
Notes:
(1) Dividends for the year ended 31 December 2004 amounted to £55,000 (2003 and 2002 – £55,000).
(2) Dividends for the year ended 31 December 2004 amounted to £22,000 (2003 and 2002 – £22,000).
7 Ordinary dividends
2004 2003 2002 2004 2003 2002
p per share p per share p per share £m £m £m
Interim 16.8 14.6 12.7 529 431 368
Proposed final 41.2 35.7 31.0 1,308 1,059 899
Total dividends on equity shares 58.0 50.3 43.7 1,837 1,490 1,267
8 Profit dealt with in the accounts of the company
Of the profit attributable to shareholders, £2,878 million (2003 – £2,619 million; 2002 – £1,955 million) has been dealt with in the
accounts of the company.
9 Earnings per ordinary share
The earnings per share are based on the following:
2004 2003 2002
£m £m £m
Earnings:
Profit attributable to ordinary shareholders 4,256 2,254 2,034
Add back dividends on dilutive convertible non-equity shares 66 ——
Diluted earnings attributable to ordinary shareholders 4,322 2,254 2,034
Number of shares – millions
Number of ordinary shares:
Weighted average number of ordinary shares in issue during the year 3,085 2,931 2,881
Effect of dilutive share options and convertible non-equity shares 73 22 43
Diluted weighted average number of ordinary shares during the year 3,158 2,953 2,924