75 Westgold Resources Limited Annual Report 2022 9. EARNINGS PER SHARE The following reflects the data used in the basic and diluted earnings per share computations. 2022 2021 (a) Earnings used in calculating earnings per share Net profit (loss) attributable to ordinary equity holders of the parent (111,119,291) 76,751,880 Net profit attributable to ordinary equity holders of the parent (111,119,291) 76,751,880 Basic earnings (loss) per share (cents) (25.32) 18.16 (25.32) 18.16 Earnings used in calculating earnings per share For diluted earnings per share: Net profit (loss) attributable to ordinary equity holders of the parent (from basic EPS) (111,119,291) 76,751,880 Net profit attributable to ordinary equity holders of the parent (111,119,291) 76,751,880 Diluted profit (loss) per share (cents) Continuing operations (25.32) 18.12 (25.32) 18.12 (b) Weighted average number of shares Weighted average number of ordinary shares for basic earnings per share 438,907,701 422,637,346 Effect of dilution: Share options – 441,278 Rights1 – 557,582 Weighted average number of ordinary shares adjusted for the effect of dilution 438,907,701 423,636,207 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 has included rights on issue in the calculation of dilutive earnings per share for the current financial period. 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. 1. The Company had 2,332,508 share options on issue that are excluded from the calculation of diluted loss per share for the current financial period.
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