BP 2012 Annual Report Download - page 217

The details of the scrip dividends issued are shown in the table below.
2012 2011 2010
Number of shares issued (thousand) 138,406 165,601 –
Value of shares issued ($ million) 982 1,219 –
The financial statements for the year ended 31 December 2012 do not reflect the dividend announced on 5 February 2013 and expected to be paid in
March 2013; this will be treated as an appropriation of profit in the year ended 31 December 2013.
20. Earnings per ordinary share
Cents per share
2012 2011 2010
Basic earnings per share 60.86 135.93 (19.81)
Diluted earnings per share 60.45 134.29 (19.81)
Basic earnings per ordinary share amounts are calculated by dividing the profit or loss 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-based
payment 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. If the inclusion of potentially
issuable shares would decrease the loss per share, the potentially issuable shares are excluded from the diluted earnings per share calculation.
$ million
2012 2011 2010
Profit (loss) attributable to BP shareholders 11,582 25,700 (3,719)
Less: dividend requirements on preference shares 222
Profit (loss) for the year attributable to BP ordinary shareholders 11,580 25,698 (3,721)
Shares thousand
2012 2011 2010
Basic weighted average number of ordinary shares 19,027,929 18,904,812 18,785,912
Potential dilutive effect of ordinary shares issuable under employee share-based payment plans 129,959 231,388 211,895
19,157,888 19,136,200 18,997,807
The number of ordinary shares outstanding at 31 December 2012, excluding treasury shares and the shares held by the ESOPs, and including certain
shares that will be issuable in the future under employee share-based payment plans was 19,119,756,993. Between 31 December 2012 and
19 February 2013, the latest practicable date before the completion of these financial statements, there was a net increase of 46,285,758 in the number
of ordinary shares outstanding as a result of share issues in relation to employee share-based payment plans. The number of potential ordinary shares
issuable in relation to employee share-based payment plans was 112,118,647 at 31 December 2012. There has been a net decrease of 42,238,872 in
the number of potential ordinary shares between 31 December 2012 and 19 February 2013.
Financial statements 215
BP Annual Report and Form 20-F 2012
Financial statements
19. Dividends continued