Eng - IOI Group

Notes To The Financial Statements cont’d12. EARNINGS PER SHARE cont’dDiluted earnings per shareThe diluted earnings per share of the Group is calculated based on the adjusted net profit attributable to equity holders of theCompany divided by the adjusted weighted average number of ordinary shares after taking into consideration of all dilutivepotential ordinary shares.Group2007 2006RM’000 RM’000(restated)Net profit attributable to equity holders of the Company 1,482,104 829,002Assumed exchange of the 1 st Exchangeable Bonds at beginning of the periodNet interest savings 4,666 24,070Net foreign currency translation differences taken up (9,728) (30,186)(5,062) (6,116)Assumed exchange of the 2 nd Exchangeable Bonds at beginning of the periodNet interest savings 22,832 -Net foreign currency translation differences taken up (35,168) -(12,336) -Adjusted net profit attributable to equity holders of the Company 1,464,706 822,886The adjusted weighted average number of ordinary shares for the computation of diluted earnings per share is arrived at asfollows:Group2007 2006’000 ’000Weighted average number of ordinary shares in issue * 6,143,103 5,712,378Assumed exchange of the 1 st Exchangeable Bonds at beginning of the period * 82,737 431,413Assumed exchange of the 2 nd Exchangeable Bonds at inception date * 146,782 -Adjustments for share option granted to executives of the Group 41,617 5,399Adjusted weighted average number of ordinary shares for diluted earnings per share * 6,414,239 6,149,190Diluted earnings per share (sen) 22.84 13.38* Adjusted pursuant to the Share Split on 6 June 2007The comparative basic and diluted earnings per share have been restated to take into account the effect of the changes inaccounting policies on profit for that financial year (Note 3.5.2).169ANNUAL REPORT 2007IOI Corporation Berhad