MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 209 Financial Statements 10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing profit for the year attributable to ordinary equity holders of the Corporation by the weighted average number of ordinary shares outstanding during the financial year. The Group does not have any financial instrument which may dilute its basic earnings per share. Group 2017 2016 Profit after taxation attributable to equity holders of the Corporation (RM'000) 1,981,509 2,581,550 Number of ordinary shares in issue ('000) 4,463,794 4,463,794 Weighted average number of ordinary shares in issue ('000) 4,463,794 4,463,794 Basic earnings per share (sen) 44.4 57.8 Diluted earnings per share (sen) 44.4 57.8 11. DIVIDENDS 2017 RM'000 2016 RM'000 Dividend recognised during the year: In respect of financial year ended 31 December 2015: Second interim tax exempt dividend under the single tier system of 12.5 sen per share - 557,975 Final tax dividend under the single tier system of 10.0 sen per share - 446,379 In respect of financial year ended 31 December 2016: First interim tax exempt dividend under the single tier system of 10.0 sen per share - 446,379 Second tax exempt dividend under the single tier system of 20.0 sen per share 892,759 - In respect of financial year ended 31 December 2017: First tax exempt dividend under the single tier system of 7.0 sen per share 312,466 - Second tax exempt dividend under the single tier system of 7.0 sen per share 312,466 - Third tax exempt dividend under the single tier system of 7.0 sen per share 312,466 - 1,830,157 1,450,733 A fourth tax exempt dividend, under the single tier system, in respect of the financial year ended 31 December 2017 of 9.0 sen per share amounting to a dividend payable of RM401,741,000 will be paid on 15 March 2018. The fourth tax exempt dividend is not reflected in the current year's financial statements. The dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2018.