Annual Report 2019

180 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) 10 Earnings per share (a) Basic earnings per share The calculation of basic earnings per share is based on the profit attributable to ordinary equity shareholders of the Company of $605,311,000 (2018: $720,072,000) and the weighted average number of ordinary shares in issue during the year, calculated as follows: Weighted average number of ordinary shares 2019 2018 Issued ordinary shares at 1 January 434,597,327 422,455,810 Effect of shares issued in respect of scrip dividend 5,197,315 5,300,304 Effect of shares issued in respect of share option 267,634 – Weighted average number of ordinary shares at 31 December 440,062,276 427,756,114 (b) Diluted earnings per share There were no dilutive potential ordinary shares during the years presented and diluted earnings per share are the same as basic earnings per share. 11 Dividends (a) Dividends paid/payable to equity shareholders of the Company attributable to the year 2019 2018 Per share Total Per share Total $ $’ 000 $ $’ 000 Interim dividend declared and paid 0.30 133,123 0.30 129,488 Final dividend proposed after the end of the reporting period 0.70 312,859 0.90 391,138 1.00 445,982 1.20 520,626 The final dividend proposed after the end of the reporting period has not been recognised as a liability at the end of the reporting period. The interim dividend with a scrip dividend alternative in respect of the six months ended 30 June 2019 was paid on 15 October 2019, of which $63,702,000 was settled by the issuance of 3,196,601 shares at an issue price of $19.93 per share under the scrip dividend scheme. The interim dividend with a scrip dividend alternative in respect of the six months ended 30 June 2018 was paid on 16 October 2018, of which $62,782,000 was settled by the issuance of 2,969,828 shares at an issue price of $21.14 per share under the scrip dividend scheme.