MKH Annual Report 2018

128 MKH Berhad Annual Report 2018 9. EARNINGS AND NET ASSETS PER SHARE (Cont’d) Diluted earnings per share The diluted earnings per share of the Group is calculated by dividing the Group’s net profit attributable to owners of the parent for the financial year by the weighted average number of ordinary shares in issue, adjusted to assume the conversion of all dilutive potential ordinary shares, i.e. warrants. A calculation is done to determine the number of shares that could have been acquired at market price based on the monetary value of the subscription rights attached to the outstanding warrants. The warrants expired on 29 December 2017. Thereafter, calculation of diluted earnings per share is not applicable. The Group 2018 2017 RM RM Profit attributable to owners of the parent - 128,206,980 The Group 2018 2017 Weighted average number of ordinary shares in issue - 530,257,137 Adjustments for warrants - 10,182,632 Adjusted weighted average number of ordinary shares - 540,439,769 Diluted earnings per share (sen) - 23.72 In the previous financial year, 22,789,778 warrants have been exercised resulted in the issuance of 22,789,778 ordinary shares. There have been no other transactions involving ordinary shares or potential ordinary shares since the reporting date and before the authorisation of these financial statements. 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 24. FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 NOTES TO THE FINANCIAL STATEMENTS