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prepare the necessary entry if any in e s financial statements as at dec 31 01 if re 613402

Calculation of weighted average number of shares [IAS 33.IE2]

Shares issued

Treasury Shares
shares* outstanding

1 January 2013

Balance at beginning of year

2,000

300

1,700

31-May-13

Issue of new shares for cash

800

2,500

1 December 2013

Purchase of treasury shares for cash

250

2,250

31 December 2013

Balance at year end

2,800

550

2,250

Calculation of weighted average:

(1,700 x 5/12) + (2,500 x 6/12) + (2,250 x 1/12) = 2,146 shares or

(1,700 x 12/12) + (800 x 7/12) — (250 x 1/12) = 2,146 shares

Treasury shares are equity instruments reacquired and held by the issuing entity itself or by its subsidiaries.

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