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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
76 Independence Group NL
Notes to the consolidated financial statements
30 June 2016
(continued)
6 Earnings per share
(a) Earnings used in calculating earnings per share
Loss used in calculating basic and diluted earnings per share attributable to ordinary equity holders of the parent is
$58,770,000 (2015: $76,779,000 profit).
(b) Weighted average number of shares used as the denominator
2016
Number
2015
Number
Weighted average number of ordinary shares used as the denominator in calculating
basic earnings per share
448,064,084
234,248,549
Adjustments for calculation of diluted earnings per share:
Share rights
-
2,183,588
Weighted average number of ordinary and potential ordinary shares used as the
denominator in calculating diluted earnings per share
448,064,084
236,432,137
(c) Information concerning the classification of securities
Share rights
There are share rights granted to executives and employees under the Company's Employee Performance Rights Plan
that are not included in the calculation of diluted earnings per share because they are anti-dilutive for the current period.
Share rights have been included in the determination of diluted earnings per share in the prior period to the extent that
they were dilutive. The rights are not included in the determination of basic earnings per share. Further information
about the share rights is provided in note 26.
(d) Calculation of earnings per share
(i)
Basic earnings per share
Basic earnings per share is calculated by dividing:
• the profit attributable to owners of the Company, excluding any costs of servicing equity other than ordinary shares
• by the weighted average number of ordinary shares outstanding during the financial year, adjusted for bonus
elements in ordinary shares issued during the year and excluding treasury shares.
(ii)
Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into
account:
• the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares;
and
• the weighted average number of additional ordinary shares that would have been outstanding assuming the
conversion of all dilutive potential ordinary shares.
Independence Group NL
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