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23. Earnings per share

2019

Restated
20181

Statutory earnings per share

Basic earnings per share

138.0 cents

241.2 cents

Diluted earnings per share

137.8 cents

240.9 cents

Underlying earnings per share

Basic earnings per share

158.6 cents

155.2 cents

Diluted earnings per share

158.4 cents

155.0 cents

  1. 1 Comparatives have been restated for the adoption of AASB 9 Financial Instruments and AASB 16 Leases. Refer to Note 38(c).

Earnings used in calculating basic and diluted earnings per share

2019
$m

Restated
2018
$m1

Statutory earnings used to calculate basic and diluted earnings per share

905

1,582

Significant income items after income tax

(4)

(2)

Loss/(gain) in fair value of financial instruments after income tax

139

(562)

Underlying earnings used to calculate basic and diluted earnings per share

1,040

1,018

  1. 1 Comparatives have been restated for the adoption of AASB 9 Financial Instruments and AASB 16 Leases. Refer to Note 38(c).

Weighted average number of ordinary shares

30 June 2019
Number

30 June 2018
Number

Number of ordinary shares used in the calculation of basic earnings per share

655,825,043

655,825,043

Effect of dilution - LTIP share performance rights

711,067

772,813

Number of ordinary shares used in the calculation of diluted earnings per share

656,536,110

656,597,856

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