Earnings Per Share

6 Months Ended

Jun. 30, 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	6 months to	6 months to
	June 30,	June 30,	June 30,	June 30,
	2014	2013	2014	2013
	$’M	$’M	$’M	$’M
	_________________	_________________	_________________	_________________
Income from continuing operations, net of taxes	528.3	290.9	781.4	571.9
Loss from discontinued operations1	(5.2)	(32.8)	(27.9)	(249.0)
	_________________	_________________	_________________	_________________
Numerator for basic earnings per share	523.1	258.1	753.5	322.9
Interest on convertible bonds, net of tax	-	7.5	-	15.1
	_________________	_________________	_________________	_________________
Numerator for diluted earnings per share	523.1	265.6	753.5	338.0
	_________________	_________________	_________________	_________________
Weighted average number of shares:
	Millions	Millions	Millions	Millions
	_________________	_________________	_________________	_________________
Basic 1	586.4	549.6	585.3	550.5
Effect of dilutive shares:
Share based awards to employees 2	3.9	2.6	5.0	3.3
Convertible bonds 2.75% due 2014 3	0.0	33.8	-	33.7
	_________________	_________________	_________________	_________________
Diluted	590.3	586.0	590.3	587.5
	_________________	_________________	_________________	_________________

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

2. Calculated using the treasury stock method.

3. Calculated using the “if converted” method

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

	3 months to	3 months to	6 months to	6 months to
	June 30,	June 30,	June 30,	June 30,
	2014	2013	2014	2013
	No. of shares	No. of shares	No. of shares	No. of shares
	Millions	Millions	Millions	Millions
	_________________	_________________	_________________	_________________
Share based awards to employees1	0.3	11.0	1.2	9.1
	_________________	_________________	_________________	_________________

• 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.