Page 95 - Sundance Resources 2014 Annual Report

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014 93
NOTE 21. LOSS PER SHARE
2014
$
2013
$
a. Reconciliation of earnings to profit or loss from continuing operations
Loss from continuing operations
Less: loss attributable to non-controlling interest (32,941,511) (31,641,559)
Earnings used to calculate basic & dilutive loss per share 1,887,133 2,424,876
(31,054,378) (29,216,683)
b. Weighted average number of ordinary shares outstanding during the year used in
calculating basic loss per share.
No. No.
Shares deemed to be issued for no consideration in respect of: 3,075,615,468 3,062,138,286
- options (i) - -
- performance rights 25,691,594 12,345,960
c. Weighted average number of ordinary shares plus potential ordinary shares outstanding
during the year used in calculating diluted loss per share.
3,101,307,062 3,074,484,246
Note:
(i) During the year ended 30 June 2014, 460,000,000 options to subscribe for ordinary shares were issued, no options were exercised and 4,150,547 options were forfeited, leaving
options 460,502,000 outstanding at year end. These options are not considered dilutive for the purposes of the calculation of diluted earnings per share as their conversion to ordinary
shares would decrease the net loss from continuing operations per share.
NOTE 22. DIVIDENDS
No dividends have been paid or proposed during the year (2013: nil).
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014