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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