Earnings per Share

12 Months Ended

Dec. 31, 2014

16.

EARNINGS PER SHARE

For the years ended December 31, 2014, 2013 and 2012, earnings per share (“EPS”) was calculated as follows:


	Year ended December 31, 2014		Year ended December 31, 2013			Year ended December 31, 2012
Basic EPS
Net income (loss) attributable to parent company		128		(500	)		(1,158	)
Weighted average shares outstanding		886,532,167		889,541,922			886,699,953
Basic EPS		0.14		(0.56	)		(1.31	)

Diluted EPS
Net income (loss) attributable to parent company		128		(500	)		(1,158	)
Net income (loss) attributable to parent company adjusted		128		(500	)		(1,158	)
Weighted average shares outstanding		886,532,167		889,541,922			886,699,953

Dilutive effect of unvested shares		3,278,537		—			—
Number of shares used in calculating diluted EPS		889,810,704		889,541,922			886,699,953
Diluted EPS		0.14		(0.56	)		(1.31	)

In 2014, outstanding stock-options have included anti-dilutive shares totalling 4,300 shares. In 2013 and 2012, if the Company had reported income, outstanding stock options would have included anti-dilutive shares totalling approximately 8,290,251 shares and 16,690,472 shares, respectively.

The convertible bonds issued on July 3, 2014, as detailed in Note 13 had no impact on the diluted EPS computation as of 31 December 2014 since the contingently conversion features were out-of-the-money.

- Definition

The entire disclosure for earnings per share.

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