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LOSS PER ORDINARY SHARE
12 Months Ended
Dec. 31, 2020
LOSS PER ORDINARY SHARE  
LOSS PER ORDINARY SHARE

23   LOSS PER ORDINARY SHARE

The computation of basic and diluted loss per share is as follows:

Years ended December 31, 

    

2018

    

2019

    

2020

Net loss

 

(430,268)

 

(442,083)

(669,214)

 

 

Net loss attributable to redeemable non-controlling interests

2,807

Accretion to redemption value of redeemable non-controlling interests

(18,627)

Change in redemption value of redeemable preferred shares

 

 

(17,760)

Cumulative dividend on redeemable preferred shares

 

 

(40,344)

(52,709)

Net loss available to ordinary shareholders

 

(430,268)

 

(500,187)

(737,743)

Weighted average number of ordinary shares outstanding - basic and diluted

 

990,255,959

 

1,102,953,366

1,253,559,523

Loss per ordinary share - basic and diluted

 

(0.43)

 

(0.45)

(0.59)

During the years ended December 31, 2018, 2019 and 2020, the Company issued nil, 48,962,896 and 32,592,288 ordinary shares, respectively, to its share depository bank, which have been and will continue to be used to settle stock option and restricted share awards upon their exercise. No consideration was received by the Company for this issuance of ordinary shares. These ordinary shares are legally issued and outstanding but are treated as escrowed shares for accounting purposes and, therefore, have been excluded from the computation of loss per ordinary share. Any ordinary shares not used in the settlement of stock option and restricted share awards will be returned to the Company.

The following securities were excluded from the computation of diluted loss per share as inclusion would have been anti-dilutive. The share options and restricted shares below represented the maximum number of shares to be issued.

Years ended December 31, 

    

2018

    

2019

    

2020

Share options/restricted shares

 

54,289,936

 

47,986,392

31,425,768

Convertible bonds payable

 

46,527,600

 

46,527,600

46,526,049

Total

 

100,817,536

 

94,513,992

77,951,817