China Water

Q&ACategory: QuestionsChina Water
Yen-Hoong Choy asked 3 years ago

Hi PC,
I got the following excerpt from the Annual Report of China Water:
“EARNINGS PER SHARE FOR PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY
The calculation of basic earnings per share is based on the profit for the year attributable to owners of
the Company of HK$551,758,000 (2015: HK$370,858,000) and the weighted average of approximately
1,508,489,000 (2015: 1,416,870,000) ordinary shares in issue during the year.
The calculation of diluted earnings per share is based on the profit for the year attributable to owners of
the Company of HK$551,860,000, after the adjustment to reflect the effect of conversion of convertible
bonds which is HK$102,000, and on the weighted average of 1,515,214,000 ordinary shares outstanding
during the year, being the weighted average number of ordinary shares of 1,508,489,000 used in basic
earnings per share calculation and adjusted for the effect of share options existing during the year of
6,424,000 shares and the effect of conversion of convertible bonds existing during the year of 301,000
shares.
Diluted earnings per share for the year ended 31 March 2015 are the same as the basic earnings per share
because the impacts of the potential dilutive ordinary shares outstanding are anti-dilutive”
 
Which number should I use as the shares outstanding?

1 Answers
pcwong Staff answered 3 years ago

Hi Yen-Hoong,
I normally look for the latest shares outstanding by using google finance as it is the most updated whereas quarterly reports are often dated a few months ago.
Where to look for the shares outstanding. Link: https://www.google.com/finance?q=HKG%3A0855&ei=TEd_WdiXNNaZuASp9YX4Dg
You can see that at the top where the details of the share are listed, there is a Shares: indicator and the amount is 1.54B.
Hope this helps.