Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)36. Earnings per share (cont’d)For the purposes of calculating the diluted earnings per share, the weighted average number of ordinary shares in issue is adjustedto take into account the dilutive effect arising from the exercise of all outstanding share options granted to employees where suchshares would be issued at a price lower than the fair value (average share price during the fi nancial year). The difference betweenthe number of shares to be issued at the exercise prices under the options and the number of shares that would have been issuedat the fair value based on the assumed proceeds from the issue of these shares are treated as ordinary shares issued for noconsideration. The number of such shares issued for no consideration is added to the weighted average number of ordinary sharesoutstanding in the computation of diluted earnings per share.In accordance with FRS 33, Earnings Per Share, the weighted average number of shares for comparative fi gure has been adjustedto refl ect the bonus issue of 1 bonus share for every 5 existing ordinary shares assuming that the bonus issue had been taken placeas of 1 January 2005.37. DividendsDeclared and paid during the year:Group and Company2006 2005$’000 $’000Dividends on ordinary shares:- A fi nal exempt (one-tier) dividend of 1 cent (2005: 0.80 cents) per share of the previousfi nancial year 4,498 3,587- A special exempt (one-tier) dividend of Nil cents (2005: 0.20 cents) per share of theprevious fi nancial year – 896- An interim exempt (one-tier) dividend of 1.30 cents (2005: 0.56 cents) per share of thecurrent fi nancial year 7,038 2,51211,536 6,995Proposed but not recognised as a liability as at 31 December:Dividends on ordinary shares, subject to shareholders’ approval at the AGM:- A fi nal exempt (one-tier) dividend of 1.48 cents (2005: 1 cent) per share of the currentfi nancial year 8,017 4,490Notes to the Financial Statements 153Annual Report 2006