Annual Report 2022

199 2022 Annual Report Transport International Holdings Limited 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 $143,640,000 (2021: $245,044,000) and the weighted average number of ordinary shares in issue during the year, calculated as follows: Weighted average number of ordinary shares 2022 2021 Issued ordinary shares at 1 January 465,469,414 457,820,696 Effect of shares issued in respect of scrip dividend 4,800,198 3,876,747 Weighted average number of ordinary shares at 31 December 470,269,612 461,697,443 (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 2022 2021 Per share Total Per share Total $ $’000 $ $’000 Final dividend proposed after the end of the reporting period 0.50 237,470 0.50 232,735 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 2022 2021 Per share Total Per share Total $ $’000 $ $’000 Final dividend in respect of the previous financial year, approved and paid during the year 0.50 232,735 0.50 228,910 The final dividend with a scrip dividend alternative in respect of the year ended 31 December 2021 was paid on 30 June 2022, of which $115,826,000 was settled by the issuance of 9,470,661 shares at an issue price of $12.23 per share under the scrip dividend scheme. 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.