Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 210 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 12. EARNINGS PER SHARE The calculation of the basic and diluted earnings per share attributable to the shareholders of the Company is based on the consolidated profit for the year attributable to the shareholders of the Company of HK$1,713,659,000 (2018: HK$1,566,722,000) and the number of shares calculated as follows: 2019 2018 ‘000 ‘000 Weighted average number of ordinary shares for the purpose of basic earnings per share 2,317,488 2,267,150 Effect of dilutive potential ordinary shares – Company’s share options 391 1,747 Weighted average number of ordinary shares for the purpose of diluted earnings per share 2,317,879 2,268,897 13. DIVIDENDS 2019 2018 HK$’000 HK$’000 Dividends recognised as distribution during the year: 2019 interim dividend of HK4.0 cents per share (2018: 2018 interim dividend of HK4.0 cents per share) 93,491 91,574 2018 final dividend of HK18.0 cents per share (2018: 2017 final dividend of HK15.0 cents per share) 412,756 337,398 506,247 428,972 The 2019 interim dividend and 2018 final dividend was declared in form of a scrip dividend to shareholders who were given an option to elect to receive cash in lieu of all or part of their scrip dividend at a share price of HK$3.262 and HK$4.040 per share respectively. Shares are issued during the year on the shareholders’ election for shares are set out in note 37. These new shares rank pari passu to the existing shares of the Company. A final dividend for the year ended 31 March 2019 of HK18.0 cents (2018: HK18.0 cents) per share, totalling of HK$423,304,000 has been proposed by the directors of the Company and is subject to approval by the shareholders in the forthcoming annual general meeting.