EX-11.1 6 exh11-1.txt EPS COMPUTATION Net income per share was computed by dividing net income by the weighted average number of common and common equivalent shares outstanding.
YEAR ENDED YEAR ENDED 12/31/01 12/31/00 --------------------------------------------------------------------------- ---------------- ------------------- DILUTED EARNINGS Net (loss) income available to common shares $(104,474) $3,367 ================ =================== SHARES Weighted average number of common shares 22,803,058 22,803,058 Assuming conversion of Alfa Canada Class A Preference Shares 4,000,000 4,000,000 ---------------- ------------------- Total common and common equivalent shares 26,803,058 26,803,058 ================ =================== DILUTED EARNINGS PER SHARE $0.00 $0.00 ================ =================== --------------------------------------------------------------------------- ---------------- ------------------- BASIC EARNINGS Net (loss) income available to common shares $(104,474) $3,367 ================ =================== SHARES Weighted average number of common shares 22,803,058 22,803,058 ================ =================== BASIC EARNINGS PER SHARE $0.00 $0.00 ================ ===================