LG 2001 Annual Report Download - page 84

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ยป84
LG Electronics Inc. The
43
rd Annual Report
Notes to Financial Statements
for the years ended December 31, 2001 and 2000
20. Earnings Per Share:
Basic earnings per share are computed by dividing net income by the weighted average number of
common shares outstanding during the year. Basic ordinary income per share is computed by dividing
ordinary income allocated to common stock, which is net income allocated to common stock as adjusted by
extraordinary gains or losses, net of related income taxes, by the weighted average number of common
shares outstanding during the year.
Basic earnings per share for the years ended December 31, 2001 and 2000 are calculated as follows:
Millions of Won (except for EPS data)
2001 2000
Basic earnings per share
Net income as reported on the statements of income 507,282 502,183
Less : Preferred stock dividends (35,397) (19,472)
Net income allocated to common stock 471,885 482,711
Weighted average number of common shares outstanding 133,804,678 108,942,560
Basic earnings per share 3,527 4,431
Basic ordinary income per share for the year ended December 31, 2001 is the same as basic earnings
per share, because there were no extraordinary gains or losses, and basic ordinary income per share for the
year ended December 31, 2000 is 4,430.
Diluted earnings per share is computed by dividing diluted net income, which is adjusted to add back the
after-tax amount of interest expenses on any convertible debt and dividends on any convertible preferred
stock, by the weighted average number of common shares and diluted securities outstanding during the
year. Diluted ordinary income per share is computed by dividing diluted ordinary income allocated to
common stock, which is diluted net income allocated to common stock as adjusted by extraordinary gains or
losses, net of related income taxes, by the weighted average number of common shares and diluted
securities outstanding during the year.
Diluted earnings per share for the years ended December 31, 2001 and 2000 are calculated as follows:
Millions of Won(except for EPS data)
2001 2000
Net income allocated to common stock 471,885 482,711
Add : Interest expenses on convertible bonds, net of tax - 2,070
Redeemable preferred stock dividends - 1,006
471,885 485,787
Weighted average number of common shares and diluted securities outstanding 133,804,678 111,224,159
Diluted earnings per share 3,527 4,368