Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share Disclosure

20.Earnings per share

The following table reconciles net income and the weighted average ordinary shares outstanding for basic and diluted earnings per share for the periods presented:

	3 months to	3 months to
	March 31,	March 31,
	2014	2013
	$’M	$’M
	_________________	_________________
Income from continuing operations, net of taxes	253.1	281.0
Loss from discontinued operations1	(22.7)	(216.2)
	_________________	_________________
Numerator for basic earnings per share	230.4	64.8
Interest on convertible bonds, net of tax	-	7.6
	_________________	_________________
Numerator for diluted earnings per share	230.4	72.4
	_________________	_________________
Weighted average number of shares:
	Millions	Millions
	_________________	_________________
Basic 1	584.3	551.5
Effect of dilutive shares:
Share based awards to employees 2	4.5	3.8
Convertible bonds 2.75% due 2014	-	33.6
	_________________	_________________
Diluted	588.8	588.9
	_________________	_________________

1. Excludes shares purchased by the EBT and presented by Shire as treasury stock.

2. Calculated using the treasury stock method.

The share equivalents not included in the calculation of the diluted weighted average number of shares are shown below:

	2014	2013
	No. of shares	No. of shares
	Millions	Millions
	_________________	_________________
Share based awards to employees1	0.8	5.6
	_________________	_________________

• Certain stock options have been excluded from the calculation of diluted EPS because (a) their exercise prices exceeded Shire plc's average share price during the calculation period or (b) the required performance conditions were not satisfied as at the balance sheet date.