2001						2000
		Profit for the financial year* £million		Weighted average number of shares million		Earnings per share pence		Profit for the financial year* £million		Weighted average number of shares million		Earnings per share pence
Basic earnings per share		4.6		431.5		1.1		34.1		431.5		7.9
Share options		-		3.6		-		-		2.6		-
Diluted earnings per share		4.6		435.1		1.1		34.1		434.1		7.9
Basic earnings per share		4.6		431.5		1.1		34.1		431.5		7.9
Goodwill amortisation		14.0		-		3.2		13.3		-		3.1
Exceptionals net of taxation		(1.2)		-		(0.3)		2.6		-		0.6
Basic earnings per share before goodwill amortisation and exceptionals		17.4		431.5		4.0		50.0		431.5		11.6
Share options		-		3.6		-		-		2.6		(0.1)
Diluted earnings per share before goodwill amortisation and exceptionals		17.4		435.1		4.0		50.0		434.1		11.5

* after non-equity dividends
Earnings per share before goodwill amortisation and exceptionals provides a measure of the underlying financial performance of the Group on a comparable basis with many other groups.

9 Profit for the financial year attributable to shareholders

As permitted by Section 230 of the Companies Act 1985, the Company has not presented its own profit and loss account. Of the profit for the financial year attributable to shareholders, a loss of £112.1 million (2000: £1.6 million) is dealt with in the financial statements of the Company.

10 Fees paid to auditors

		Group				Company
		2001 £million		2000 £million		2001 £million		2000 £million
Audit fees and expenses		0.4		0.4		-		-
Other fees paid to the Company's auditors:
United Kingdom		2.7		0.5		2.2		-
Overseas		0.2		0.4		-		-
		2.9		0.9		2.2		-
Analysis of other fees by type of service:
Accounting		0.1		0.3		-		-
Tax		0.6		0.6		-		-
Advisory		2.2		-		2.2		-
		2.9		0.9		2.2		-

Advisory fees in 2001 were incurred in preparing the Company for sale.

		2001 £million		2000 £million
Employee costs:
Wages and salaries		79.5		86.3
Social security costs		6.8		7.3
Pension costs (including other post-retirement costs)		3.3		2.1
		89.6		95.7

		2001 Number		2000 Number
Average number of persons employed:
Chromium		446		506
Pigments & Specialties		1,157		1,193
Specialty Rubber		645		820
Continuing operations		2,248		2,519
Discontinued operations		434		452
		2,682		2,971

		2001 £'000		2000 £'000
Executive directors:
Salaries		712		922
Bonuses		100		292
Benefits		30		33
Compensation for loss of office		525		336
Other payments		142		236
		1,509		1,819
Chairman		150		150
Non-executive directors		63		57
		1,722		2,026

Detailed information on directors’ emoluments, including performance related bonuses and long-term incentives, is provided in the Board report on remuneration.

13 Related party transactions

The following related party transactions were entered into during 2001 in the ordinary course of business:
Elementis Specialties Inc purchased raw materials at a cost of £7.5 million (2000: £7.4 million) from Enenco Inc, an associated undertaking.
The balance payable at 31 December 2001 was £1.8 million (2000: £0.6 million).