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Notes to the Consolidated Financial Statements

Notes 6-10

8. Earnings/(loss) per share

  2008 Millions 2007 Millions 2006 Millions
Weighted average number of shares for basic earnings/(loss) per share 53,019 55,144 62,607
Effect of dilutive potential shares: restricted shares and share options(1) 268
Weighted average number of shares for diluted earnings/(loss) per share 53,287 55,144 62,607
       
  £m £m £m
Earnings/(loss) for basic and diluted earnings per share:      
Continuing operations 6,660 (4,932) (17,318)
Discontinued operations(2) (494) (4,598)
Total 6,660 (5,426) (21,916)
Notes:
(1) In the years ended 31 March 2007 and 2006, 215 million and 183 million shares, respectively, have been excluded from the calculation of diluted loss per share as they are not dilutive.
(2) See note 29 for further information on discontinued operations, including the per share effect of discontinued operations.