Basic HTML Version
/
89
APN
annual report
2011
notes to the financial statements
APN News & Media Limited and Controlled Entities
30. EARNINGS PER SHARE
2011
$’000
2010
$’000
(a) Reconciliation of earnings used in calculating earnings per share
Profit/(loss) from continuing operations attributable to owners of the parent entity
(45,070)
98,618
Loss from discontinued operations attributable to owners of the parent entity
–
(4,862)
Profit/(loss) attributable to owners of the parent entity used in calculating basic/diluted earnings per share
(45,070)
93,756
Number
Number
(b) Weighted average number of shares
Weighted average number of shares used as the denominator in calculating basic earnings per share
618,522,559
599,824,903
Adjusted for calculation of diluted earnings per share
–
–
Weighted average number of shares used as the denominator in calculating diluted earnings per share
618,522,559
599,824,903
31. CASH FLOW INFORMATION
Reconciliation of cash
Cash at end of the year, as shown in the statement of cash flows, comprises:
2011
$’000
2010
$’000
Cash and cash equivalents
23,885
63,539
Reconciliation of net cash inflows from operating activities to profit for the year:
Profit/(loss) for the year
(18,936)
114,724
Depreciation and amortisation expense
40,148
40,505
Net gain on sale of non-current assets
(900)
(2,482)
Share of profits of associates
(5,807)
(3,002)
Fair value gains on financial assets
(2,400)
–
Impairment of intangible assets
159,495
–
Change in current/deferred tax payable
(62,320)
12,089
Fair value gains on acquisition of associate
(8,307)
–
Foreign exchange gains
(3,926)
–
Fair value gains on equity instruments
(3,652)
–
Asset write offs and business closures
16,594
–
Reversal of impairment of associate
–
(3,000)
Other non-cash items
(730)
1,266
Changes in assets and liabilities net of effect of acquisitions:
Trade and other receivables
9,449
(3,085)
Inventories
3,408
1,003
Prepayments
(1,727)
(3,667)
Trade and other payables and employee benefits
2,674
10,894
Net cash inflows from operating activities
123,063
165,245
Non-cash financing and investing activities
Share issue
Share issues other than for cash referred to in note 18 are not reflected in the statement of cash flows.
Finance facilities
Details of credit standby arrangements and loan facilities are included in note 32.
Restricted cash
Restricted cash included in cash and cash equivalents totalled $4.7 million at 31 December 2011 and $3.4 million at 31 December 2010.