Annual Report 2014  S P SETIA BERHAD GROUP  183
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 October 2014
V. FINANCIAL STATEMENTS
37. EARNINGS PER SHARE
Basic earnings per share
The basic earnings per share has been calculated by dividing the Group’s profit for the year attributable to owners of the Company by the
weighted average number of ordinary shares outstanding during the financial year. The weighted average number of ordinary shares in
issue is calculated as follows:
2014
2013
’000
’000
Restated
Profit for the financial year attributable to owners of the Company (RM)
405,676
418,348
Number of ordinary shares at beginning of the year
2,458,713
2,005,668
Effect of shares issued pursuant to:
 Placement

221,415
 exercise of Warrants

103,277
 DRP
27,554

 exercise of ESGP
1,333

 exercise of ESOS
1,445

Weighted average number of ordinary shares
2,489,045
2,330,360
Basic Earnings Per Share (sen)
16.3
18.0
Diluted earnings per share
The diluted earnings per share has been calculated by dividing the Group’s profit for the year attributable to owners of the Company by
the weighted average number of ordinary shares that would have been in issue upon full exercise of the options under the LTIP and the
Warrants, adjusted for the number of such shares that would have been issued at fair value (“dilutive effects”), calculated as follows:
2014
2013
’000
’000
Restated
Profit for the financial year attributable to owners of the Company (RM)
405,676
418,348
Weighted average number of ordinary shares calculated above
2,489,044
2,330,360
Weighted average number of unissued shares under the LTIP
 based on exercise price
74,991
47,483
 based on average fair value
(61,530)
(36,287)
Weighted average number of unexercised Warrants
 based on exercise price

32,012
 based on average fair value

(28,540)
Adjusted weighted average number of ordinary shares that would have been in issue
2,502,505
2,345,028
Diluted Earnings Per Share (sen)
16.2
17.8