note 32. earnings per share
(i) Basic earnings per share
Basic earnings per share are calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the period.
(ii) Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares and the weighted average number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares. Diluted earnings per share is the same as basic earnings per share in 2010 and 2009 as the Consolidated Entity is in a loss position.
The following reflects the income and share data used in the basic and diluted earnings per share computations:
|Net loss attributable to ordinary equity holders|
|of the Parent from continuing operations||(52.9)||(480.2)||Weighted average number of ordinary shares|
for basic and diluted earnings per share
|Weighted average number of securities issuable|
under the Company’s option and rights plans
that could be potentially dilutive
|Total number of securities not included in|
weighted average calculation due to non-dilutive
750,000 shares were issued on 2 August 2010 and 530,580 shares were issued on 1 September 2010 following the vesting of Share Rights. This would not have a significant impact on the earnings per share calculation had they been issued prior to 30 June 2010.