Change - S P Setia Berhad

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S P Setia Berhad Group
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
40. EARNINGS PER SHARE (cont’d)
Diluted earnings per share
The diluted earnings per share has been calculated by dividing the Group’s profit for the year attributable to shareholders of the
Company of RM213,456,000 (2007 : RM260,070,000) by the weighted average number of ordinary shares that would have been
in issue upon full exercise of the remaining options under the ESOS, adjusted for the number of such shares that would have
been issued at fair value, calculated as follows:
2008 2007
’000 ’000
Weighted average number of ordinary shares calculated above –* 1,007,480
Weighted average number of unissued shares under ESOS
– based on exercise price – 714
– based on average fair value – (479)
– exercise of Warrants –* –
Weighted average number of ordinary shares that would have been in issue –* 1,007,715
* The diluted earnings per ordinary share for the financial year is not presented as the average market value of the ordinary
shares of the Company is lower than the exercise price for the outstanding warrants and it is anti dilutive.
41. DIVIDENDS
In respect of the year ended 31 October 2006
2008 2007
RM’000
RM’000
Final dividend of 20 sen per ordinary share of RM0.75 each less 27% income tax – 98,201
In respect of the year ended 31 October 2007
Interim dividend of 10 sen per ordinary share of RM0.75 each less 27% income tax – 49,100
Final dividend of 15 sen per ordinary share of RM0.75 each less 26% income tax 112,854 –
In respect of the year ended 31 October 2008
Interim dividend of 7 sen per ordinary share of RM0.75 each less 26% income tax 52,665 –
165,519 147,301
Subsequent to 31 October 2008, the directors recommended a final dividend of 10 sen per ordinary share of RM0.75 each less
25% income tax amounting to RM76,252,385 in respect of the financial year ended 31 October 2008.