Westgold Resources Limited Annual Report 2020

78 Westgold Resources Limited Annual Report 2020 Financial Report Notes to the Consolidated Financial Statements for the year ended 30 June 2020 9. EARNINGS PER SHARE The following reflects the data used in the basic and diluted earnings per share computations. 2020 2019 (a) Earnings used in calculating earnings per share Net profit attributable to ordinary equity holders of the parent 34,607,315 13,487,139 Profit attributable to discontinued operations – 642,925 Net profit attributable to ordinary equity holders of the parent 34,607,315 14,130,064 Basic earnings per share (cents) Continuing operations 8.65 3.57 Discontinued operations – 0.17 8.65 3.74 Earnings used in calculating earnings per share For diluted earnings per share: Net profit attributable to ordinary equity holders of the parent (from basic EPS) 34,607,315 13,487,139 Profit attributable to discontinued operations – 642,925 Net profit attributable to ordinary equity holders of the parent 34,607,315 14,130,064 Diluted profit per share (cents) Continuing operations 8.65 3.57 Discontinued operations – 0.17 8.65 3.74 (b) Weighted average number of shares Weighted average number of ordinary shares for basic earnings per share 399,990,790 377,428,117 Effect of dilution: Share options – – Weighted average number of ordinary shares adjusted for the effect of dilution 399,990,790 377,428,117 Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. The Company had 5,107,698 (2019: 16,999,600) share options on issue that are excluded from the calculation of diluted earnings per share for the current financial period because they are considered anti-dilutive or are contingently issuable. There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of authorisation of these financial statements.