Straco Corporation Limited • Annual Report 2014
80
NOTES TO THE FINANCIAL STATEMENTS
22
Earnings per share
Basic earnings per share
The calculation of basic earnings per share as at 31 December 2014 was based on the profit attributable to ordinary shareholders of $37,687,884
(2013: $34,096,988), and a weighted average number of ordinary shares outstanding of 846,619,539 (2013: 842,814,005), calculated as follows:
Weighted average number of ordinary shares
Group
2014
2013
Issued ordinary shares at 1 January
868,929,580
868,929,580
Effect of own shares held
(25,438,288)
(27,260,917)
Effect of share options exercised
3,128,247
1,145,342
Weighted average number of ordinary shares during the year
846,619,539
842,814,005
Diluted earnings per share
The calculation of diluted earnings per share as at 31 December 2014 was based on profit attributable to ordinary shareholders of $37,687,884 (2013:
$34,096,988), and a weighted average number of ordinary shares outstanding after adjustment for the effects of all dilutive potential ordinary shares
of 860,280,072 (2013: 851,114,328), calculated as follows:
Weighted average number of ordinary shares (diluted)
Group
2014
2013
Weighted average number of ordinary shares (basic)
846,619,539
842,814,005
Effect of share options on issue
13,660,533
8,300,323
Weighted average number of ordinary shares (diluted) during the year
860,280,072
851,114,328
As at 31 December 2014, 7,620,000 share options (2013: 6,800,000) were excluded from the diluted weighted average number of ordinary shares
calculation as their effect would have been anti-dilutive.
The average market value of the Company’s shares for purposes of calculating the dilutive effect of share options was based on quoted market prices
for the period during which the options were outstanding.
