In calculating the weighted-average number of ordinary shares for use in earnings per share,it is necessary to adjust the number of shares for the ordinary share equivalents represented by the partly paid ordinary shares' rights to participate in voting at the annual general meeting.

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In calculating the weighted-average number of ordinary shares for earnings per share (EPS) calculations, adjustments are made for changes in the number of shares over the period (due to events such as stock splits or dividends) and for the dilutive effects of potential ordinary shares (like stock options or convertible securities). The rights of partly paid shares to participate in voting do not affect the calculation of the weighted-average number of shares for EPS.

In Calculating the Weighted-Average Number of Ordinary Shares for Use