EX-11.01 4 a2042307zex-11_01.txt EXHIBIT 11.01 EXHIBIT 11.01 COMPUTATION OF PER SHARE EARNINGS.
2000 1999 1998 --------------------------------------------------- I. CANADIAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (A) BASIC EARNINGS PER SHARE Net earnings (loss) (27,700) (1,640) (54,019) Weighted average shares outstanding 90,715,040 89,456,478 89,101,056 --------------------------------------------------- Basic earnings per share (0.31) (0.02) (0.61) =================================================== (B) FULLY DILUTED EARNINGS PER SHARE Net earnings (loss) (27,700) (1,640) (54,019) Interest income from cash from stock options - 0 5 --------------------------------------------------- Adjusted net earnings (loss) (27,700) (1,640) (54,014) Weighted average shares outstanding 90,715,040 89,456,478 89,101,056 Stock options deemed exercised - 125,000 747,500 --------------------------------------------------- Adjusted weighted average shares outstanding 90,715,040 89,581,478 89,848,556 --------------------------------------------------- Fully diluted earnings per share (0.31) (0.02) (0.60) =================================================== II. UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (A) BASIC EARNINGS PER SHARE Net earnings (loss) per U.S. GAAP (13,695) 1,693 (71,634) Weighted average shares outstanding 90,715,040 89,456,478 89,101,056 Common stock equivalents - stock options - 125,000 747,500 --------------------------------------------------- Adjusted weighted average shares outstanding 90,715,040 89,581,478 89,848,556 --------------------------------------------------- Basic earnings per share (0.15) 0.02 (0.80) =================================================== (B) FULLY DILUTED EARNINGS PER SHARE Net earnings (loss) per U.S. GAAP (13,695) 1,693 (71,634) Weighted average shares outstanding 90,715,040 89,456,478 89,101,056 Stock options deemed exercised - 125,000 747,500 Shares deemed repurchased - (89,021) (263,405) --------------------------------------------------- Adjusted weighted average shares outstanding 90,715,040 89,492,457 89,585,151 Fully diluted earnings per share (0.15) 0.02 (0.80) ===================================================
- 1 -