16. Cash Earnings Per Share

Year to

	Sep 03
	Basic		Diluted⁽¹⁾

	Sep 02
	Basic		Diluted⁽¹⁾

Earnings ($m)

Cash earnings before significant items⁽²⁾

4,070

3,845

Potential dilutive adjustments
Interest expense on exchangeable capital units

102

Adjusted cash earnings before significant items

4,070

4,160

3,845

3,947

Weighted average ordinary shares (no. millions)

Weighted average ordinary shares

1,516

1,549

Potential dilutive ordinary shares
Options

Partly paid ordinary shares

Exchangeable capital units

Total weighted average ordinary shares

1,516

1,586

1,549

1,624

Cash earnings per share⁽³⁾ (cents)

268.5

262.3

248.2

243.0

Half Year to

	Sep 03
	Basic		Diluted⁽¹⁾

	Mar 03
	Basic		Diluted⁽¹⁾

Earnings ($m)

Cash earnings before significant items⁽²⁾

2,043

2,027

Potential dilutive adjustments
Interest expense on exchangeable capital units

Adjusted cash earnings before significant items

2,043

2,085

2,027

2,075

Weighted average ordinary shares (no. millions)

Weighted average ordinary shares

1,508

1,524

Potential dilutive ordinary shares
Options

Partly paid ordinary shares

Exchangeable capital units

Total weighted average ordinary shares

1,508

1,577

1,524

1,595

Cash earnings per share (cents)

135.5

132.2

133.0

130.1

⁽¹⁾	The weighted average diluted number of ordinary shares includes the impact of options, performance rights, partly paid ordinary shares and potential conversion of exchangeable captal units.
⁽²⁾	Refer to Divisional Performance Summary for a reconcilation of cash earnings before significant items to Group net profit.
⁽³⁾	Cash earnings per share before significant items.

16. Cash Earnings Per Share

Share price

NAB

NABHA