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| <NonNumbericText> <div style="font-size:12pt"><p>25. Earnings per share<br /><br />The following table reconciles net income/(loss) attributable to Shire plc and the weighted average ordinary shares outstanding for basic and diluted earnings per share for the periods presented:</p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="17" width="414" align="left"><b>Year to December 31,</b><sup></sup></td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td></tr><tr><td height="17" width="414" align="left"> <sup></sup></td><td height="17" width="103" align="right"><b>2009 </b></td><td height="17" width="103" align="right"><b>2008 </b></td><td height="17" width="103" align="right"><b>2007 </b></td></tr><tr><td height="17" width="414" align="left">Amounts attributable to Shire plc shareholders<sup></sup></td><td height="17" width="103" align="right"><b>$’M</b></td><td height="17" width="103" align="right"><b>$’M</b></td><td height="17" width="103" align="right"><b>$’M</b></td></tr><tr><td height="11" width="414" align="left"> <sup></sup></td><td height="11" width="103" align="right">_________________</td><td height="11" width="103" align="right">_________________</td><td height="11" width="103" align="right">_________________</td></tr><tr><td height="17" width="414" align="left">Income/(loss) from continuing operations, net of taxes<sup></sup></td><td height="17" width="103" align="right">503.8 </td><td height="17" width="103" align="right">170.0 </td><td height="17" width="103" align="right">(1,451.8)</td></tr><tr><td height="17" width="414" align="left">Loss from discontinued operations <sup></sup></td><td height="17" width="103" align="right">(12.4)</td><td height="17" width="103" align="right">(17.6)</td><td height="17" width="103" align="right">- </td></tr><tr><td height="17" width="414" align="left">Net loss attributable to noncontrolling interest in subsidiaries<sup></sup></td><td height="17" width="103" align="right">0.2 </td><td height="17" width="103" align="right">3.6 </td><td height="17" width="103" align="right">- </td></tr><tr><td height="11" width="414" align="left"> <sup></sup></td><td height="11" width="103" align="right">_________________</td><td height="11" width="103" align="right">_________________</td><td height="11" width="103" align="right">_________________</td></tr><tr><td height="19" width="414" align="left">Numerator for basic and diluted earnings per share<sup>(1)</sup></td><td height="19" width="103" align="right">491.6 </td><td height="19" width="103" align="right">156.0 </td><td height="19" width="103" align="right">(1,451.8)</td></tr><tr><td height="17" width="414" align="left"> <sup></sup></td><td height="17" width="103" align="right">_________________</td><td height="17" width="103" align="right">_________________</td><td height="17" width="103" align="right">_________________</td></tr><tr><td height="10" width="414" align="left"> <sup></sup></td><td height="10" width="103" align="left"> </td><td height="10" width="103" align="left"> </td><td height="10" width="103" align="left"> </td></tr><tr><td height="19" width="414" align="left">Weighted average number of shares: <sup></sup></td><td height="19" width="103" align="left"> </td><td height="19" width="103" align="left"> </td><td height="19" width="103" align="left"> </td></tr><tr><td height="19" width="414" align="left"> <sup></sup></td><td height="19" width="103" align="right">Millions</td><td height="19" width="103" align="right">Millions</td><td height="19" width="103" align="right">Millions</td></tr><tr><td height="12" width="414" align="left"> <sup></sup></td><td height="12" width="103" align="right">_________________</td><td height="12" width="103" align="right">_________________</td><td height="12" width="103" align="right">_________________</td></tr><tr><td height="19" width="414" align="left">Basic<sup>(2)</sup></td><td height="19" width="103" align="right">540.7 </td><td height="19" width="103" align="right">541.6 </td><td height="19" width="103" align="right">540.3 </td></tr><tr><td height="17" width="414" align="left">Effect of dilutive shares:<sup></sup></td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td></tr><tr><td height="19" width="414" align="left">Stock based awards to employees<sup>(3)</sup></td><td height="19" width="103" align="right">7.3 </td><td height="19" width="103" align="right">3.8 </td><td height="19" width="103" align="right">- </td></tr><tr><td height="14" width="414" align="left"> <sup></sup></td><td height="14" width="103" align="right">_________________</td><td height="14" width="103" align="right">_________________</td><td height="14" width="103" align="right">_________________</td></tr><tr><td height="17" width="414" align="left">Diluted<sup></sup></td><td height="17" width="103" align="right">548.0 </td><td height="17" width="103" align="right">545.4 </td><td height="17" width="103" align="right">540.3 </td></tr><tr><td height="11" width="414" align="left"> <sup></sup></td><td height="11" width="103" align="right">_________________</td><td height="11" width="103" align="right">_________________</td><td height="11" width="103" align="right">_________________</td></tr></table><p>(1) For the years to December 31, 2009, 2008 and 2007 interest on the convertible bonds has not been added back as the effect would be anti-dilutive.<br />(2) Excludes shares purchased by the ESOT and presented by the Company as treasury stock.<br />(3) Calculated using the treasury stock method. </p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="17" width="414" align="left"><b>Year to December 31,</b></td><td height="17" width="103" align="right"><b>2009 </b></td><td height="17" width="103" align="right"><b>2008 </b></td><td height="17" width="103" align="right"><b>2007 </b></td></tr><tr><td height="10" width="414" align="left"> </td><td height="10" width="103" align="right">_______________</td><td height="10" width="103" align="right">_______________</td><td height="10" width="103" align="right">_______________</td></tr><tr><td height="17" width="414" align="left"><b>Earnings/(loss) per ordinary share -</b></td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td></tr><tr><td height="17" width="414" align="left"><b>basic</b></td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td></tr><tr><td height="34" width="414" align="left">Earnings/(loss) from continuing operations attributable to Shire plc shareholders</td><td height="34" width="103" align="right">93.2c </td><td height="34" width="103" align="right">32.1c </td><td height="34" width="103" align="right">(268.7c)</td></tr><tr><td height="9" width="414" align="left"> </td><td height="9" width="103" align="right"> </td><td height="9" width="103" align="right"> </td><td height="9" width="103" align="right"> </td></tr><tr><td height="34" width="414" align="left">Loss from discontinued operations attributable to Shire plc shareholders</td><td height="34" width="103" align="right">(2.3c)</td><td height="34" width="103" align="right">(3.3c)</td><td height="34" width="103" align="right">- </td></tr><tr><td height="11" width="414" align="left"> </td><td height="11" width="103" align="right">_______________</td><td height="11" width="103" align="right"><i>_______________</i></td><td height="11" width="103" align="right"><i>_______________</i></td></tr><tr><td height="9" width="414" align="left"> </td><td height="9" width="103" align="right"> </td><td height="9" width="103" align="right"><i> </i></td><td height="9" width="103" align="right"><i> </i></td></tr><tr><td height="34" width="414" align="left">Earnings/(loss) per ordinary share attributable to Shire plc shareholders - basic </td><td height="34" width="103" align="right">90.9c </td><td height="34" width="103" align="right">28.8c </td><td height="34" width="103" align="right">(268.7c)</td></tr><tr><td height="9" width="414" align="left"><b> </b></td><td height="9" width="103" align="right">_______________</td><td height="9" width="103" align="right"><i>_______________</i></td><td height="9" width="103" align="right"><i>_______________</i></td></tr><tr><td height="7" width="414" align="left"> </td><td height="7" width="103" align="right"> </td><td height="7" width="103" align="right"> </td><td height="7" width="103" align="right"> </td></tr><tr><td height="17" width="414" align="left"><b>Earnings/(loss) per ordinary share -</b></td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td></tr><tr><td height="17" width="414" align="left"><b>diluted</b></td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td><td height="17" width="103" align="right"> </td></tr><tr><td height="34" width="414" align="left">Earnings/(loss) from continuing operations attributable to Shire plc shareholders</td><td height="34" width="103" align="right">91.9c </td><td height="34" width="103" align="right">31.8c </td><td height="34" width="103" align="right">(268.7c)</td></tr><tr><td height="10" width="414" align="left"> </td><td height="10" width="103" align="right"> </td><td height="10" width="103" align="right"> </td><td height="10" width="103" align="right"> </td></tr><tr><td height="34" width="414" align="left">Loss from discontinued operations attributable to Shire plc shareholders</td><td height="34" width="103" align="right">(2.2c)</td><td height="34" width="103" align="right">(3.2c)</td><td height="34" width="103" align="right">- </td></tr><tr><td height="11" width="414" align="left"> </td><td height="11" width="103" align="right">_______________</td><td height="11" width="103" align="right"><i>_______________</i></td><td height="11" width="103" align="right"><i>_______________</i></td></tr><tr><td height="34" width="414" align="left">Earnings/(loss) per ordinary share attributable to Shire plc shareholders – diluted</td><td height="34" width="103" align="right">89.7c </td><td height="34" width="103" align="right">28.6c </td><td height="34" width="103" align="right">(268.7c)</td></tr><tr><td height="8" width="414" align="left"> </td><td height="8" width="103" align="right">_______________</td><td height="8" width="103" align="right"><i>_______________</i></td><td height="8" width="103" align="right"><i>_______________</i></td></tr></table><p>The share equivalents not included in the calculation of the diluted weighted average number of shares are shown below:</p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="19" width="414" align="left"> </td><td height="19" width="103" align="right"><b>2009 </b><sup>(2) (3)</sup></td><td height="19" width="103" align="right"><b>2008 </b><sup>(2) (3)</sup></td><td height="19" width="103" align="right"><b>2007 </b><sup>(1)</sup></td></tr><tr><td height="17" width="414" align="left"> </td><td height="17" width="103" align="right"><b> No. of shares</b><sup></sup></td><td height="17" width="103" align="right"><b>No. of shares</b><sup></sup></td><td height="17" width="103" align="right"><b>No. of shares</b><sup></sup></td></tr><tr><td height="17" width="414" align="left"> </td><td height="17" width="103" align="right"><b>Millions</b><sup></sup></td><td height="17" width="103" align="right"><b>Millions</b><sup></sup></td><td height="17" width="103" align="right"><b>Millions</b><sup></sup></td></tr><tr><td height="17" width="414" align="left"> </td><td height="17" width="103" align="right">_________________<sup></sup></td><td height="17" width="103" align="right">_________________<sup></sup></td><td height="17" width="103" align="right">_________________<sup></sup></td></tr><tr><td height="17" width="414" align="left">Share options in the money</td><td height="17" width="103" align="right">- <sup></sup></td><td height="17" width="103" align="right">- <sup></sup></td><td height="17" width="103" align="right">8.4 <sup></sup></td></tr><tr><td height="17" width="414" align="left">Share options out of the money</td><td height="17" width="103" align="right">16.4 <sup></sup></td><td height="17" width="103" align="right">17.3 <sup></sup></td><td height="17" width="103" align="right">2.9 <sup></sup></td></tr><tr><td height="17" width="414" align="left">Warrants</td><td height="17" width="103" align="right">- <sup></sup></td><td height="17" width="103" align="right">- <sup></sup></td><td height="17" width="103" align="right">0.3 <sup></sup></td></tr><tr><td height="17" width="414" align="left">Convertible bonds 2.75% due 2014</td><td 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| <NonNumericTextHeader> 25. Earnings per shareThe following table reconciles net income/(loss) attributable to Shire plc and the </NonNumericTextHeader> |
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