ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B5 Earnings per share Basic earnings per share The weighted average number of ordinary shares used in the calculation of earnings per share is arrived at as follows: Company 2020 2019 (in thousands) Number of shares Issued ordinary shares at beginning of the year 3,115,741 3,119,794 Effect of performance shares and restricted shares released 5,981 5,328 Effect of treasury shares held (4,481) (5,794) Weighted average number of ordinary shares issued during the year 3,117,241 3,119,328 Diluted earnings per share When calculating diluted earnings per share, the weighted average number of ordinary shares is adjusted for the effect of all dilutive potential ordinary shares. The Group has two categories of dilutive potential ordinary shares from performance share plans and restricted share plans (2019: two categories of dilutive potential ordinary shares from performance share plans and restricted share plans). The weighted average number of ordinary shares adjusted for the dilutive potential shares is as follows: Company 2020 2019 (in thousands) Number of shares Weighted average number of ordinary shares (used in the calculation of basic earnings per share) 3,117,241 3,119,328 Adjustment for dilutive potential ordinary shares 18,808 18,205 Weighted average number of ordinary shares (diluted) during the year 3,136,049 3,137,533 / ST ENG I NEER I NG 170