Creative 2009 Annual Report Download - page 34

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34
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
9. EARNINGS PER SHARE
(a) Basic earnings per share
Basic earnings per share is calculated by dividing the net (loss) profit attributable to equity holders of the Company by the
weighted average number of ordinary shares outstanding during the financial year.
฀ Group
฀ ฀ 2009฀ 2008
฀ Net฀(loss)฀profit฀attributable฀to฀equity฀holders฀of฀the฀Company฀(US$’000)฀ (137,873)฀ 128,178
฀ Weighted฀average฀number฀of฀ordinary฀shares฀outstanding฀฀
฀ for฀basic฀earnings฀per฀share฀(‘000)฀ 73,350฀ 82,460
฀
฀ Basic฀(loss)฀earnings฀per฀share฀(US$฀per฀share)฀ (1.88)฀ 1.55
(b) Diluted earnings per share
For the purpose of calculating diluted earnings per share, (loss) profit attributable to equity holders of the Company and the
weighted average number of ordinary shares outstanding are adjusted for the effects of all dilutive potential ordinary shares.
Other than the dilutive effect of share options, there are no other financial instruments that would impact the weighted
average number of ordinary shares outstanding used for computing diluted earnings per share.
For share options, the weighted average number of shares on issue has been adjusted as if all dilutive share options were
exercised. The number of shares that could have been issued upon the exercise of all dilutive share options less the number
of shares that could have been issued at fair value (determined as the Company’s average share price for the financial year)
for the same total proceeds is added to the denominator as the number of shares issued for no consideration. No adjustment
is made to net (loss) profit.
฀ Group
฀ ฀ 2009฀ 2008
฀ Net฀(loss)฀profit฀attributable฀to฀equity฀holders฀of฀the฀Company฀(US$’000)฀ (137,873)฀ 128,178
฀ Weighted฀average฀number฀of฀ordinary฀shares฀outstanding฀฀
฀ for฀basic฀earnings฀per฀share฀(‘000)฀ 73,350฀ 82,460
฀ Adjustment฀for฀share฀options฀(‘000)฀ –฀ 56
฀ ฀ 73,350฀ 82,516
฀ Diluted฀(loss)฀earnings฀per฀share฀(US$฀per฀share)฀ (1.88)฀ 1.55
฀For the financial year ended 30 June 2009, approximately 11,000 shares were excluded from the computation of dilutive
earnings per share, as the effect of including such shares would be anti-dilutive.
10. CASH AND CASH EQUIVALENTS
฀Group฀ Company
฀ ฀ 2009฀ 2008฀ 2009฀ 2008฀
฀ US$’000฀ US$’000฀ US$’000฀ US$’000
฀ Cash฀at฀bank฀and฀on฀hand฀ 53,711฀ 39,543฀ 25,457฀ 9,398
฀ Short-term฀bank฀deposits฀ 196,840฀ 369,101฀ 193,015฀ 267,079
฀ ฀ 250,551฀ 408,644฀ 218,472฀ 276,477
NOTES TO THE FINANCIAL STATEMENTS
– For the financial year ended 30 June 2009
AR09 pg1-64_Final.indd 34 10/2/2009 10:38:08 AM