Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 110 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing profit after taxation attributable to owners of the Company by the weighted average number of ordinary shares in issue during the financial year. The Group 2021 2020 RM RM Profit after taxation attributable to owners of the Company (RM) 104,503,927 81,967,529 Weighted average number of shares in issue as of 1 January 1,047,255,029 1,047,968,530 Bonus issue during the year, excluding treasury shares held by the Company* 524,137,195 524,137,195 Weighted average number of ordinary shares for basic earnings per share computation as of 31 December 1,571,392,224 1,572,105,725 Basic earnings per ordinary share attributable to equity holders of the Company (sen) 6.65 5.21 * The comparative figure for the weighted average number of ordinary shares in issue has been restated to reflect the adjustments arising from bonus issue, which were completed on 30 April 2021. The potential conversion of warrants is anti-dilutive as its exercise price is higher than the average market price of the Company’s ordinary shares during the current financial period and hence, the diluted earnings per share is equal to the basic earnings per share.
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