EX-11.1 13 y20902a1exv11w1.htm EX-11.1: STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS EX-11.1
 

Exhibit 11.1
Statement regarding computation of earnings per share
                                                 
    2005     2004     2003  
(In thousands; per-share amounts in Reais)
   Diluted   Basic   Diluted   Basic   Diluted   Basic
 
CONSOLIDATED
                                                
Net earnings available for per-share calculation
   $ 141,529     $ 141,529     $ 75,142     $ 75,142     $ 58,458     $ 58,458  
 
AVERAGE EQUIVALENT SHARES
                                                
Shares of TmarPart common stock outstanding
     3,432,901       3,432,901       3,432,901       3,432,901       3,432,901       3,432,901  
Employee compensation-related shares, including stock options
     —       —       —       —       —       —  
 
Total average equivalent shares
     3,432,901       3,432,901       3,432,901       3,432,901       3,432,901       3,432,901  
 
PER-SHARE AMOUNTS
                                                
Net earnings per share
   $ 0.04     $ 0.04     $ 0.02     $ 0.02     $ 0.02     $ 0.02