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Sun Art Retail Group Limited - TodayIR.com

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />

8 PROFIT ATTRIBUTABLE TO SHAREHOLDERS<br />

The consolidated profit attributable to equity shareholders of the Company includes a profit of<br />

RMB955 million for the year ended 31 December 2012 (2011: a profit of RMB707 million), which<br />

has been dealt with in the financial statements of the Company.<br />

Year ended 31 December<br />

2012 2011<br />

RMB million RMB million<br />

Amount of consolidated profit attributable to equity<br />

shareholders dealt with in the Company’s<br />

financial statements 955 707<br />

Dividends from subsidiaries attributable to the<br />

profit of the previous financial year, approved<br />

and paid during the year – 1,135<br />

Company’s profit for the year (note 22(a)) 955 1,842<br />

Details of dividends paid and payable to equity shareholders of the Company are set out in<br />

note 22(b).<br />

9 EARNINGS PER SHARE<br />

The calculation of basic earnings per share is based on the profit attributable to equity shareholders<br />

of the Company of RMB2,409 million (2011: RMB1,600 million) and the weighted average of<br />

9,539,704,700 ordinary shares (2011: 7,805,626,406, after adjusting for the share subdivision on<br />

27 June 2011, details of which are set out in note 22(c)(ii)) in issue during the year:<br />

Weighted average number of ordinary shares<br />

Year ended 31 December<br />

2012 2011<br />

Issued ordinary shares at 1 January 9,539,704,700 211,485,200<br />

Effect of shares issued on 13 May 2011 (note 22(c)(i)) – 66,920,951<br />

9,539,704,700 278,406,151<br />

Effect of share subdivision (note 22 (c)(ii)) – 6,960,153,775<br />

Effect of shares issued on initial public offering<br />

(note 22(c)(iii)) – 567,066,480<br />

Weighted average number of ordinary shares<br />

for the year 9,539,704,700 7,805,626,406<br />

There were no dilutive potential ordinary shares throughout the years and therefore diluted earnings<br />

per share is equivalent to basic earnings per share.<br />

84<br />

<strong>Sun</strong> <strong>Art</strong> <strong>Retail</strong> <strong>Group</strong> <strong>Limited</strong><br />

Annual Report 2012

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