FORWARD TOGETHER Notes to the Consolidated Financial Statements 31 December 2022 172 12. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE COMPANY Basic earnings per share are calculated by dividing the profit attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares in issue during the year. The weighted average number of ordinary shares of 4,456,506,000 (2021: 3,056,456,000) 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 convertible bonds, where applicable. 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: 2022 2021 US$’000 US$’000 Earnings: Profit attributable to ordinary equity holders of the Company, used in the basic earnings per share calculation 574,145 349,440 2022 2021 ’000 ’000 Number of shares: Weighted average number of ordinary shares in issue, used in the basic earnings per share calculation 4,456,506 3,056,456 Effect of dilution — weighted average number of ordinary shares: Share options 36,314 37,586 4,492,820 3,094,042 Because the diluted earnings per share amount is increased when taking convertible bonds into account, the convertible bonds had an anti-dilutive effect on the basic earnings per share for the year and were ignored in the calculation of diluted earnings per share. Therefore, the diluted earnings per share amounts are based on the profit for the year and the profit attributable to ordinary equity holders of the Company of US$574,145,000, and the weighted average number of ordinary shares of 4,492,820,000 in issue during the year.
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