SEC Form 20-IS - iRemit Global Remittance

26. Earnings Per Share
- 52 -
Basic earnings per share amounts are calculated by dividing net profit for the year attributable to
ordinary equity holders of the Parent Company by the weighted average number of ordinary shares
outstanding during the year.
The following reflects the income and share data used in the basic earnings per share
computations:
2011 2010 2009
a. Net income from continuing operations P=109,633,447 P=96,219,135 P=133,148,358
b. Income/(loss) from discontinued operations 26,429,749 (30,304,899) −
c. Net income (a+b) 136,063,196 65,914,236 133,148,358
d. Net income attributable to ordinary equity
holders of the Parent Company for basic
earnings 138,069,380 77,551,227 136,379,766
e. Weighted average number of shares for
basic earnings per share 607,014,606 608,396,800 607,823,506
f. Basic earnings per share (c/e) 0.22 0.11 0.22
g. Basic earnings per share attributable to
ordinary equity holders of the Parent
Company (d/e) 0.23 0.13 0.22
h. Basic earnings per share from continuing
operations (a/e) 0.18 0.16 0.22
i. Basic earnings (loss) per share attributable
to equity holders of the Parent Company
from discontinued operations (b/e) 0.04 (0.05) −
As of December 31, 2011, 2010 and 2009, there are no dilutive potential common shares.
27. Segment Reporting
The Group’s operating businesses are organized and managed separately according to
geographical areas representing strategic business units. These segments are the bases on which
the Group reports its segment information. Transactions among segments are conducted at market
rates on an arm’s length basis. The Group only reports a geographical segment analysis and no
secondary business segment was presented since all operations relate to the remittance business.
Segment assets are those operating assets that are employed by a segment in its operating activities
that are either directly attributable to the segment or can be allocated to the segment on a
reasonable basis.
Segment liabilities are those operating liabilities that result from the operating activities of a
segment and that are either directly attributable to the segment or can be allocated to the segment
on a reasonable basis.
*SGVMC116502*