27 EARNINGS PER SHARE
Group
2015
2014
$’000
$’000
Basic earnings per share is based on:
Profit attributable to equity holders of the Company
10,254
9,368
Group
Number of shares
2015
2014
(‘000)
(‘000)
Issued ordinary shares at beginning of the year
454,423
454,055
Effect of share options exercised
–
277
Effect of own shares held
(216)
(134)
Weighted average number of ordinary shares during the year
454,207
454,198
Basic earnings per share is calculated by dividing the Group’s profit attributable to equity holders of the Company by the
weighted average number of ordinary shares in issue during the financial year.
Group
2015
2014
$’000
$’000
Diluted earnings per share is based on:
Profit attributable to equity holders of the Company
10,254
9,368
For the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted
to take into account the dilutive effect arising from the dilutive share options with the potential ordinary shares weighted
for the period outstanding. The effect of the exercise of share options on the weighted average number of ordinary shares
in issue is as follows:
Group
Number of shares
2015
2014
(‘000)
(‘000)
Weighted average number of shares issued, used in calculation of basic
earnings per share
454,207
454,198
Potential ordinary shares issuable under share options
–
33
Weighted average number of ordinary shares issued and potential
shares assuming full conversion
454,207
454,231
Group
2015
2014
Earnings per share
Basic earnings per share (cents)
2.26
2.06
Diluted earnings per share (cents)
2.26
2.06
105
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
