TYCO INTERNATIONAL plc – ‘10-K’ for 12/31/96 – EX-11.1

As of:  Friday, 3/28/97   ·   For:  12/31/96   ·   Accession #:  950103-97-187   ·   File #:  1-13836

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                        140    582K 
 2: EX-10.17    Material Contract                                    179±   641K 
 3: EX-10.18    Material Contract                                     41±   157K 
 4: EX-10.19    Material Contract                                     16±    57K 
 5: EX-10.20    Material Contract                                     69±   234K 
 6: EX-10.21    Material Contract                                     57±   204K 
 7: EX-10.22    Material Contract                                      7±    25K 
 8: EX-10.23    Material Contract                                      7±    25K 
 9: EX-11.1     Statement re: Computation of Earnings Per Share        2±    10K 
10: EX-21.1     Subsidiaries of the Registrant                         7±    30K 
11: EX-23.1     Consent of Experts or Counsel                          1      7K 
12: EX-27       Financial Data Schedule (Pre-XBRL)                     1     10K 

EX-11.1   —   Statement re: Computation of Earnings Per Share

ADT LIMITED 
Exhibit 11.1                                                                    

Computation of Earnings per Common Share                                        

Year ended December 31                          1996        1995        1994    
                                              $m          $m          $m

Net (loss) income available to common                                           
shareholders - primary and fully diluted                                  
(loss) earnings per common share           (695.4)       20.9        66.0 
                                           =========== =========== ===========

Year ended December 31                          1996        1995        1994    
                                          Number      Number      Number

Weighted average number of common                                               
  shares in issue                          137,114,415 135,362,172 133,645,302
Weighted average number of common stock                                         
equivalents in issue resulting from:                                      
  - Executive share option schemes                   -   2,919,596   1,603,887
  - Non-voting exchangeable shares                   -       1,690     899,172
                                           ----------- ----------- -----------

Weighted average number of common shares                                        
in issue as used in the computation                                       
of primary (loss) earnings per                                            
  common share                             137,114,415 138,283,458 136,148,361
Executive share option schemes                        -     662,110     279,204 
                                           ----------- ----------- -----------

Weighted average number of common shares                                        
in issue as used in the computation                                       
of fully diluted earnings                                                 
  per common share                         137,114,415 138,945,568 136,427,565
                                           =========== =========== ===========

Year ended December 31                          1996        1995        1994    
                                               $           $           $

Primary (loss) earnings per common share -                                      
net income                                  (5.07)       0.15        0.48 
                                           =========== =========== ===========

Fully diluted earnings per common share -                                       
net income                                      -        0.15        0.48 
                                           =========== =========== ===========

Notes                                                                           

(i)     A certain number of common stock equivalents resulting from the         
    assumed exercise of executive share options are anti-dilutive in the
   calculation of primary and fully diluted (loss) earnings per common
    share in all years presented.  The effect on primary loss per common
   share resulting from the assumed exercise of the warrant granted to
   Republic, which vested in September 1996, is anti-dilutive in 1996.
 The number of common stock equivalents resulting from the assumed
    exercise of warrants are anti-dilutive in the calculation of primary
   and fully diluted earnings per common share in 1994.   All warrants
      not converted into common shares at June 30, 1994 lapsed in accordance
with the terms of the warrant issue.                            

(ii)    The effect on fully diluted earnings per common share resulting from    
    the assumed exchange of Liquid Yield Option Notes, which were issued
     in July 1995, is anti-dilutive in 1996 and 1995.  The effect on fully
diluted earnings per common share resulting from the assumed    
     conversion of convertible capital bonds is anti-dilutive in all years
 presented.  The effect on fully diluted earnings per common share
resulting from the assumed conversion of convertible redeemable 
preference shares is anti-dilutive in all years presented.      

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/28/97		SC 13D,  SC 14D9/A
For Period End:		12/31/96		11-K
		6/30/94
				List all Filings