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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2017
EARNINGS PER SHARE  
EARNINGS PER SHARE

6 EARNINGS PER SHARE

        Earnings per common share for all periods presented has been determined by dividing profit available to common shareholders by the weighted average number of common shares outstanding during the period.

        The following table sets forth the computation of basic and diluted earnings per share ("EPS") for continuing operations, for the years ended December 31:

                                                                                                                                                                                    

Continuing operations
(In millions of U.S. dollars, except share and per share amounts) 

     

2017

     

2016

     

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

(Loss) / profit for the period attributable to the owners of the parent

 

 

(483

)

 

(380

)

 

(917

)

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per share (in millions)

 

 

1,749

 

 

1,749

 

 

1,748

 

Effect of dilutive securities: Employee stock options (in millions)

 

 

 

 

 

 

1

 

​  

​  

​  

​  

​  

​  

Denominator for diluted earnings per share (in millions)

 

 

1,749

 

 

1,749

 

 

1,749

 

​  

​  

​  

​  

​  

​  

Basic (loss) / earnings per share

 

$

(0.28

)

$

(0.22

)

$

(0.52

)

Diluted (loss) / earnings per share

 

$

(0.28

)

$

(0.22

)

$

(0.52

)

​  

​  

​  

​  

​  

​  

        The following table sets forth the computation of basic and diluted earnings per share ("EPS") for discontinued operations, for the years ended December 31:

                                                                                                                                                                                    

Discontinued operations
(In millions of U.S. dollars, except share and per share amounts) 

     

2017

     

2016

     

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

(Loss) / profit for the period attributable to the owners of the parent

 

 

 

 

2,708

 

 

262

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per share (in millions)

 

 

1,749

 

 

1,749

 

 

1,748

 

Effect of dilutive securities: Employee stock options (in millions)

 

 

 

 

 

 

1

 

​  

​  

​  

​  

​  

​  

Denominator for diluted earnings per share (in millions)

 

 

1,749

 

 

1,749

 

 

1,749

 

​  

​  

​  

​  

​  

​  

Basic (loss) / earnings per share

 

$

0.00

 

$

1.55

 

$

0.15

 

Diluted (loss) / earnings per share

 

$

0.00

 

$

1.55

 

$

0.15

 

​  

​  

​  

​  

​  

​