Egyptian Resorts Company “Egyptian Joint Stock ... - ERC Egypt

- 8 - Translated & OriginallyIssued in Arabicliabilities for financial reporting purposes and the amounts used for taxationpurposes. The amount of deferred tax provided is measured using tax ratesenacted or substantively enacted at the balance sheet date.Deferred tax assets are reviewed at the balance sheet date and reduced to theextent that it is no longer probable that the related tax benefit will be realizedduring the subsequent years.3-19 Purchase of capital’s sharesThe amounts paid for Company’s capital shares and all costs related areincluded in Shareholders’ equity as a change. Purchased shares are classifiedas treasury shares and to be presented deducted from total Shareholders’equity.3-20 DividendsThe dividends recorded as liability in the period they are declared.3-21 Earning per shareEarning per share is computed by dividing the profit or loss related toshareholders who represent their contribution in company’s capital over theweighted average of common stock shares outstanding during the period.3-22 Transaction with related partiesTransactions with related parties made by the company are recorded inaccordance with the rules stated by the board of directors and by the samebasis of dealing with others.