notes to the financial statements - Food Empire Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the year ended 31 December 2012
11. Earnings per share
(a)
Basic earnings per share
Basic earnings per share are calculated by dividing profit for the year from continuing operations, net of tax, attributable to
ordinary equity shareholders of the Company by the weighted average number of ordinary shares outstanding during the
financial year.
The following table reflects the profit and share data used in the computation of basic earnings per share for the years ended
31 December:
Group
2012
US$’000
2011
US$’000
Net profit for the year used in computing basic earnings per share 20,486 14,962
No. of
shares
’000
No. of
shares
’000
Weighted average number of ordinary shares for basic earnings
per share computation 529,286 529,272
(b)
Diluted earnings per share
Diluted earnings per share are calculated by dividing profit for the year (after deducting dividends) from continuing operations,
net of tax, attributable to original equity shareholders of the Company by the weighted 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.
92