Creative 2010 Annual Report Download - page 37

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37
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 attributable to equity holders of the Company by the weighted
average number of ordinary shares outstanding during the nancial year.
Group
2010 2009
Net loss attributable to equity holders of the Company (US$’000) (38,796) (137,873)
Weighted average number of ordinary shares outstanding
for basic earnings per share (‘000) 68,895 73,350
Basic loss per share (US$ per share) (0.56) (1.88)
(b) Diluted earnings per share
For the purpose of calculating diluted earnings per share, loss 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 nancial 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 nancial 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.
For the nancial years ended 30 June 2010 and 30 June 2009, diluted earnings per share is the same as basic earnings per
share. Approximately 110,000 shares (2009: 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
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
Cash at bank and on hand 69,179 53,711 55,934 25,457
Short-term bank deposits 144,846 196,840 141,869 193,015
214,025 250,551 197,803 218,472
11. TRADE RECEIVABLES
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
Trade receivables
- Associated companies 120 454 120 318
- Non-related parties 38,084 53,861 8,444 9,967
38,204 54,315 8,564 10,285
Less: Allowance for sales returns and
impairment of receivables - non-related parties (9,205) (11,950) (4,209) (4,268)
Trade receivables - net 28,999 42,365 4,355 6,017