BP 2009 Annual Report Download - page 141

BP Annual Report and Accounts 2009
Notes on financial statements
17. Dividends
Financial statements
139
pence per share cents per share $ million
2009 2008 2007 2009 2008 2007 2009 2008 2007
Dividends announced and paid
Preference shares 22 2
Ordinary shares
March 9.818 6.813 5.258 14.000 13.525 10.325 2,619 2,553 2,000
June 9.584 6.830 5.151 14.000 13.525 10.325 2,619 2,545 1,983
September 8.503 7.039 5.278 14.000 14.000 10.825 2,620 2,623 2,065
December 8.512 8.705 5.308 14.000 14.000 10.825 2,623 2,619 2,056
36.417 29.387 20.995 56.000 55.050 42.300 10,483 10,342 8,106
Dividend announced per ordinary
share, payable in March 2010 8.679 ––14.000 ––2,626 – –
The group does not account for dividends until they are paid. The accounts for the year ended 31 December 2009 do not reflect the dividend
announced on 2 February 2010 and payable in March 2010; this will be treated as an appropriation of profit in the year ended 31 December 2010.
18. Earnings per ordinary share
cents per share
2009 2008 2007
Basic earnings per share 88.49 112.59 108.76
Diluted earnings per share 87.54 111.56 107.84
Basic earnings per ordinary share amounts are calculated by dividing the profit for the year attributable to ordinary shareholders by the weighted
average number of ordinary shares outstanding during the year. The average number of shares outstanding excludes treasury shares and the shares
held by the Employee Share Ownership Plans (ESOPs) and includes certain shares that will be issuable in the future under employee share plans.
For the diluted earnings per share calculation, the weighted average number of shares outstanding during the year is adjusted for the number
of shares that are potentially issuable in connection with employee share-based payment plans using the treasury stock method.
$ million
2009 2008 2007
Profit attributable to BP shareholders 16,578 21,157 20,845
Less dividend requirements on preference shares 2 2 2
Diluted profit for the year attributable to BP ordinary shareholders 16,576 21,155 20,843
shares thousand
2009 2008 2007
Basic weighted average number of ordinary shares 18,732,459 18,789,827 19,163,389
Potential dilutive effect of ordinary shares issuable under employee share schemes 203,232 172,690 163,486
18,935,691 18,962,517 19,326,875
The number of ordinary shares outstanding at 31 December 2009, excluding treasury shares and the shares held by the ESOPs, and including certain
shares that will be issuable in the future under employee share plans was 18,755,378,211. Between 31 December 2009 and 18 February 2010, the
latest practicable date before the completion of these financial statements, there has been a net increase of 12,018,689 in the number of ordinary
shares outstanding as a result of share issues in relation to employee share schemes. The number of potential ordinary shares issuable through the
exercise of employee share schemes was 215,123,696 at 31 December 2009. There has been an increase of 264,627 in the number of potential
ordinary shares between 31 December 2009 and 18 February 2010.