ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 175 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ESR Annual Report 2019 11. DIVIDENDS No dividend has been paid or declared by the Company during the year (2018: nil). 12. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF THE COMPANY Basic earnings per share is calculated by dividing the profit attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares in issue during the year. The weighted average number of ordinary shares of 2,750,966,000 (2018: 2,566,494,000) in issue during the year. The calculation of the diluted earnings per share amounts is based on the profit for the year attributable to ordinary equity holders of the Company, adjusted to reflect the interest on the preference shares where applicable (see below). The weighted average number of ordinary shares used in the calculation is the number of ordinary shares in issue during the year, as used in the basic earnings per share calculation, and the weighted average number of ordinary shares assumed to have been issued at no consideration on the deemed exercise or conversion of all dilutive potential ordinary shares into ordinary shares. The calculations of basic and diluted earnings per share are based on: 2019 2018 USD’000 USD’000 Earnings: Profit attributable to ordinary shareholders of the Company, used in the basic earnings per share calculation 245,177 203,042 2019 2018 ’000 ’000 Number of shares: Weighted average number of ordinary shares in issue, used in the basic earnings per share calculation 2,750,966 2,566,494 Effect of dilution — weighted average number of ordinary shares Derivative financial instruments – 2,847 Share options 70,831 78,944 2,821,797 2,648,285