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Annual Report and Accounts 2011

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Notes to the Annual Financial Statements
For the year ended 30 June 2011

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13. Earnings per share

Numerator Total
2011
US$
Total
2010
US$
Profit for the year 53,193,664 63,485,409

Denominator Shares Shares
Weighted average number of ordinary shares used in basic EPS
As at 1 July 352,803,021 184,005,523
Effect of shares issued during the year 61,912,017 96,241,934
As at 30 June 414,715,038 280,247,457

Shares Shares
Dilutive effect of potential ordinary shares 16,034,806 5,717,632
Weighted average number of ordinary shares in issue used in diluted EPS 430,749,844 285,965,089

US cents US cents
Basic profit per share – cents 12.83 22.65
Basic profit per share – cents 12.35 22.20

In the current year, the number of potentially dilutive ordinary shares, in respect of employee share options and warrants is 16,034,806. These potentially dilutive ordinary shares may have a dilutive effect on future earnings per share. There are no share options and warrants that have been excluded from the potentially dilutive ordinary shares of 16,034,806 (30 June 2010: 5,973,185 excluded from potentially dilutive shares). In the prior year the number of potentially dilutive ordinary shares, in respect of employee share options and warrants was 5,717,632. There have been no significant post balance sheet changes to the number of options and warrants to impact the dilutive number of ordinary shares.