Consolidated financial statement of JSW S.A. Capital Group for 2012
33. Earnings per share
Basic earnings per share
Basic earnings per share are calculated as the quotient of profit attributable to the Parent Company’s shareholders and the weighted average number of ordinary shares during the year.
2012
2011
Profit attributable to shareholders of the Parent Company
985.1
2,067.1
Weighted average number of ordinary shares
117,980,923
113,239,743
Basic earnings per share (in PLN per share) 8.35 18.25
Diluted earnings per share
Diluted earnings per share are calculated by adjusting the weighted average number of ordinary shares in a manner allowing for a potential complete conversion into ordinary shares causing dilution. The Parent Company has no instruments that would cause dilution of the potential common shares. Accordingly, diluted earnings per share are equal to the basic earnings per share of the Parent Company.
Consolidated statement of financial position Consolidated statement of comprehensive income Consolidated statement of changes in equity Consolidated Cash Flow Statement 1.1. Name, registered office and line of business 1.2. Approval of the financial statements 1.3. Going concern assumption 2. Description of significant accounting policies applied 2.1. Basis for drawing up the financial statements 2.2. Consolidation 2.3. Segment reporting 2.4. Measurement of items in foreign currencies 2.5. Property, plant and equipment 2.6. Investment property 2.7. Intangible assets 2.8. Impairment of non-financial assets 2.9. Financial assets 2.10. Derivatives 2.11. Inventories 2.12. Cash and cash equivalents 2.13. Share capital 2.14. Trade liabilities and other liabilities 2.15. Loans and borrowings 2.16. Current and deferred income tax 2.17. Employee benefits 2.18. Provisions 2.19. Subsidies 2.20. Contingent items 2.21. Revenues 2.22. Costs 2.23. Cost of external funding 2.24. Lease 2.25. Dividend payment 3.1. Financial risk factors 3.2. Capital risk management 3.3. Estimation of fair value 4. Significant accounting estimations and judgments 5.1. Employee package for eligible employees 5.2. Employee package for ineligible employees 6. Property, plant and equipment 7. Intangible assets 8. Investment property 9. Financial instruments by type 10. Other long-term assets 11. Financial derivatives 12. Inventories 13. Trade receivables and other receivables 14. Other short-term financial assets 15. Cash and cash equivalents 16. Share capital 17. Loans and borrowings 18. Deferred income tax 19. Employee benefit liabilities 20. Provisions 21. Trade liabilities and other liabilities 22. Liabilities under financial lease agreements 23. Future contractual liabilities and operating lease liabilities 24. Sales revenues 25. Costs by type 26. Other income 27. Disputed property tax on underground mine workings 28. Other costs 29. Other net profits 30. Financial income and costs 31. Operating segments 32. Income tax 33. Earnings per share 34. Dividends paid and proposed 35. Net cash inflows on operating activity 36. Contingent items 37. Transactions with related entities 38. Business combinations 39. Events taking place after the final day of the reporting period
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