for the year ended 31 December 2016
NOTES TO THE
FINANCIAL STATEMENTS
Annual Report 2016
-
110
-
9.
Earningspershare
Basic earnings per share are calculated by dividing profit for the financial year, net of tax, attributable
to owners of the Company by the weighted average number of ordinary shares outstanding during the
financial year.
Diluted earnings per share are calculated by dividing profit for the financial year, net of tax, attributable to
owners of theCompany by theweighted average number of ordinary shares outstanding during the financial
year plus the weighted average number of ordinary shares that would be issued on the conversion of all the
dilutive potential ordinary shares into ordinary shares.
The following table reflects theprofit and sharedataused in thecomputationof basicanddilutedearningsper
share for the years ended 31December:
2016
2015
$’000
$’000
(Loss) / profit for the financial year attributable to owners of theCompany
used in the computation of basic and diluted earnings per ordinary share
(8,327)
9,164
No. of shares No. of shares
‘000
‘000
(Restated)
Weighted average number of ordinary shares for basic
earnings per share computation
202,878
196,580
On31May2016, theCompanycompleteda shareconsolidationof every five (5)ordinary shares in thecapital
of the Company into one (1) consolidated share. Theweighted average number of shares at 2015 have been
restated to reflect the share consolidation.
