Annual Report 2021

194 Transport International Holdings Limited 2021 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 $245,044,000 (2020: $1,904,114,000) and the weighted average number of ordinary shares in issue during the year, calculated as follows: Weighted average number of ordinary shares 2021 2020 Issued ordinary shares at 1 January 457,820,696 446,941,011 Effect of shares issued in respect of scrip dividend 3,876,747 5,499,294 Weighted average number of ordinary shares at 31 December 461,697,443 452,440,305 (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 2021 2020 Per share Total Per share Total $ $’000 $ $’000 Final dividend proposed after the end of the reporting period 0.50 232,735 0.50 228,910 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. (b) Dividend payable to equity shareholders of the Company attributable to the previous financial year, approved and paid during the year 2021 2020 Per share Total Per share Total $ $’000 $ $’000 Final dividend in respect of the previous financial year, approved and paid during the year 0.50 228,910 0.70 312,859 The final dividend with a scrip dividend alternative in respect of the year ended 31 December 2020 was paid on 30 June 2021, of which $119,472,000 was settled by the issuance of 7,648,718 shares at an issue price of $15.62 per share under the scrip dividend scheme. The final dividend with a scrip dividend alternative in respect of the year ended 31 December 2019 was paid on 30 June 2020, of which $163,631,000 was settled by the issuance of 10,879,685 shares at an issue price of $15.04 per share under the scrip dividend scheme.