GHL System Berhad Annual Report 2020

99 a n n u a l r e p o r t 2 0 2 0 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 10. EARNINGS PER SHARE (cont‘d) (b) Diluted Diluted earnings per ordinary share for the financial year is calculated by dividing the profit for the financial year attributable to equity holders of the parent by the weighted average number of ordinary shares outstanding (excluding treasury shares) during the financial year adjusted for the effects of dilutive potential ordinary shares. The related diluted earnings per ordinary share for the previous financial year was arrived at after reflecting the retrospective adjustments as required by MFRS133 Earnings Per Share arising from the Company’s bonus issue of 380,499,497 ordinary shares which was completed during the financial year. Group 2020 2019 Restated Profit for the financial year attributable to equity holders of the parent (RM) 13,549,362 28,724,053 Weighted average number of ordinary shares in issue applicable to basic earnings per ordinary share 803,179,132 742,097,707 Effect of dilution: - ESS 462,179 2,685,786 - Effect of bonus issue in October 2020 - 380,499,497 Adjusted weighted average number of ordinary shares applicable to diluted earnings per ordinary share 803,641,311 1,125,282,990 Diluted earnings per ordinary share (sen) 1.69 2.55 11. DIVIDENDS No dividend has been proposed, declared or paid by the Company since the end of the previous financial year. The Directors do not recommend payment of any dividend in respect of the current financial year.