Page 123 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
121
27 EARNINGS PER UNIT (CONTINUED)
(b) Diluted earnings per unit
Group
2013 2012
cents cents
Diluted earnings per unit (19.4) 16.6
In calculating diluted earnings per unit, the net profit or loss attributable to unitholders of
the Trust and the weighted average number of units in issue during the year are adjusted
for the effects of dilutive potential units:
Number of
units
Number of
units
2013 2012
Weighted average number of units used in calculation of
basic earnings per unit 253,703,142 253,619,717
Weighted average number of unissued units from:
Options under Forterra Unit Option Scheme – 2,587,500
Weighted average number of units (diluted) outstanding
during the year 253,703,142 256,207,217
As the Group incurred a net loss for the year ended 31 December 2013, the adjustments
to the net loss attributable to unitholders of the Trust and the potential units to be issued
under the Forterra Unit Option Scheme and the convertible debt securities have not been
taken into consideration in arriving at the diluted earnings per unit for the year ended 31
December 2013.
For the financial year ended 31 December 2012, the potential units to be issued under the
convertible debt securities were not dilutive, and consequently, they had not been taken
into consideration in arriving at the diluted earnings per unit.