Earnings per Share

12 Months Ended

Dec. 31, 2015

16.

EARNINGS PER SHARE

For the years ended December 31, 2015, 2014 and 2013, earnings per share (“EPS”) was calculated as follows:


	Year ended December 31, 2015		Year ended December 31, 2014		Year ended December 31, 2013
Basic EPS
Net income (loss) attributable to parent company		104		128		(500	)
Weighted average shares outstanding		876,510,959		886,532,167		889,541,922
Basic EPS		0.12		0.14		(0.56	)

Diluted EPS
Net income (loss) attributable to parent company		104		128		(500	)
Convertible debt interest		—		—		—
Net income (loss) attributable to parent company adjusted		104		128		(500	)
Weighted average shares outstanding		876,510,959		886,532,167		889,541,922
Dilutive effect of stock awards		4,043,813		3,278,537		—

Number of shares used in calculating diluted EPS		880,554,772		889,810,704		889,541,922

Diluted EPS		0.12		0.14		(0.56	)

In 2015, there were no outstanding stock-options including anti-dilutive shares. In 2014, outstanding stock-options have included anti-dilutive shares totalling 4,300 shares. In 2013, if the Company had reported income, outstanding stock options would have included anti-dilutive shares totalling approximately 8,290,251 shares.

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 2015 since the contingently conversion features were out-of-the-money.