Notes to the consolidated financial statementsfor the year ended 31 December <strong>2007</strong>12. EARNINGS PER SHARE (Continued)(b)Diluted earnings per shareThe calculation of diluted earnings per share for the year ended 31 December <strong>2007</strong> is based on theprofit attributable to equity holders of the Company of HK$314,658,000 (2006: HK$245,783,000) andthe weighted average number of ordinary shares of 5,011,783,093 shares (2006: 4,969,511,119 shares),calculated as follows:(i)Profit attributable to equity holders of the Company (diluted)<strong>2007</strong> 2006HK$’000HK$’000Earnings for the purpose of basic earningsper share (Profit attributable to equity holders) 314,658 208,752After tax effect of effective interest on the liability<strong>com</strong>ponent of convertible bonds – 32,289After tax effect of fair value losses onthe derivative embedded in convertible bonds – 4,742Earnings for the purpose of diluted earningsper share 314,658 245,783(ii)Weighted average number of ordinary shares (diluted)<strong>2007</strong> 2006Weighted average number of ordinary sharesfor the purpose of basic earnings per share 4,930,320,263 4,134,231,655Effect of deemed conversion of convertible bonds – 802,134,831Effect of deemed issue of shares underthe Company’s share option scheme 81,462,830 33,144,633Weighted average number of ordinary sharesfor the purpose of diluted earnings per share 5,011,783,093 4,969,511,119The effect of deemed conversion of convertible bonds is anti-dilutive for the current year. Details ofthe convertible bonds outstanding as at 31 December <strong>2007</strong> have been set out in note 19 and theseoutstanding convertible bonds may have a dilutive effect on the earnings per share in future years.GEELY AUTOMOBILE HOLDINGS LIMITED79ANNUAL REPORT 2 0 0 7
Notes to the consolidated financial statementsfor the year ended 31 December <strong>2007</strong>13. DIRECTORS’ REMUNERATION AND EMPLOYEES’ EMOLUMENTS(a)Directors’ remunerationThe emoluments paid or payable to each of the twelve (2006: twelve) directors are as follows:<strong>2007</strong>ContributionShareto retirementbasedRental benefit paymentFees Salaries allowance scheme Sub-total (Note) TotalName of director HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000Mr. Gui Sheng Yue – 1,459 189 12 1,660 – 1,660Mr. Ang Siu Lun, Lawrence – 1,459 – 12 1,471 – 1,471Mr. Zhao Jie – 710 – 14 724 – 724Dr. Zhao Fuquan 10 – – – 10 1,379 1,389Mr. Li Shu Fu – 426 – 3 429 – 429Mr. Lee Cheuk Yin, Dannis 120 – – – 120 33 153Mr. Yeung Sau Hung, Alex 120 – – – 120 33 153Mr. Song Lin 120 – – – 120 33 153Mr. Liu Jin Liang 10 – – – 10 – 10Mr. Xu Gang 10 – – – 10 – 10Mr. Yang Jian 10 – – – 10 – 10Mr. Yin Da Qing, Richard 10 – – – 10 – 10410 4,054 189 41 4,694 1,478 6,172GEELY AUTOMOBILE HOLDINGS LIMITED80ANNUAL REPORT 2 0 0 7