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This excerpt taken from the INFY 6-K filed Apr 18, 2007. 22.1.12. Earnings per share In determining earnings per share, the Group considers the net profit after tax and includes the post-tax effect of any extra-ordinary/exceptional item. The number of shares used in computing basic earnings per share is the weighted average number of shares outstanding during the period. The number of shares used in computing diluted earnings per share comprises the weighted average shares considered for deriving basic earnings per share, and also the weighted average number of equity shares that could have been issued on the conversion of all dilutive potential equity shares. The diluted potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value (i.e. the average market value of the outstanding shares). Dilutive potential equity shares are deemed converted as of the beginning of the period, unless issued at a later date. The number of shares and potentially dilutive equity shares are adjusted for any stock splits and bonus shares issues effected prior to the approval of the financial statements by the Board of Directors. This excerpt taken from the INFY 6-K filed Jul 28, 2005. 2.16 Earnings per share The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share: |
| Three months ended June 30, | ||||
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| 2004 | 2005 | |||
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| Basic earnings per equity share - weighted average number of common shares outstanding excluding unallocated shares of ESOP |
265,300,294 | 269,581,842 | ||
| Effect of dilutive common equivalent shares - stock options outstanding |
4,951,446 | 7,504,321 | ||
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| Diluted earnings per equity share - weighted average number of common shares and common equivalent shares outstanding |
270,251,740 | 277,086,163 | ||
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Options to purchase 298,333 shares under the 1998 Plan and 246,639 shares under the 1999 Plan were not considered for calculating diluted earnings per share for the three months ended June 30, 2005 as their effect was anti-dilutive. This excerpt taken from the INFY 20-F filed Apr 26, 2005. 2.18 Earnings per share
The following is a reconciliation of the equity shares used in the computation of basic and diluted earnings per equity share:
Options to purchase 678,590 shares under the 1998 Plan and 2,107,416 shares under the 1999 Plan were not considered for calculating diluted earnings per share for fiscal 2005 as their effect was anti-dilutive.
The computation of basic and diluted earnings per share has also been adjusted retroactively for all periods presented to reflect the change in capital structure. See Note 2.11
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