MKH Annual Report 2019

144 A N N U A L R E P O R T 2 0 1 9 9. EARNINGS AND NET ASSETS PER SHARE Basic earnings per share The basic earnings per share is calculated by dividing the Group’s profit attributable to owners of the parent by the weighted average number of ordinary shares in issue during the financial year. Basic earnings per share are calculated as follows: The Group 2019 2018 RM RM (Restated) Profit attributable to owners of the parent 82,561,117 70,864,939 Number of ordinary shares in issue at beginning of the financial year 586,548,168 562,901,922 Effect of exercise of warrants - 19,270,137 586,548,168 582,172,059 Treasury shares (7,513,600) (4,038,600) Weighted average number of ordinary shares in issue 579,034,568 578,133,459 Basic earnings per share (sen) 14.26 12.26 Net assets per share The net assets per share is calculated by dividing the total equity attributable to owners of the parent by the number of ordinary shares in issue, net of treasury shares at the reporting date as disclosed in Note 25. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019