78 / 113
8 Earnings / (Loss) per share
i
Basic
Since there is no suggested dividends account, accordingly the base used to calculate the net profit/(Loss) available for the
shareholders was determined based on the net profit/(Loss) for the year without deducting the employees share and the board
of director’s bonus.
Basic earnings per share is calculated by dividing net profit/(Loss) for the year (as it is shown in the previous paragraph), by the
weighted average number of ordinary shares issued during the year.
December 31, 2016
December 31, 2015
Net (loss)/profit for the year attributable to the shareholders
(865 656)
233 095
Weighted average number of ordinary shares issued
1 067 504
681 883
Basic (loss) / earnings per share/ EGP
(0,811)
0.342
9 Income tax
A Income tax liabilities
December 31, 2016
December 31, 2015
Balance at 1 January
61 555
76 942
Taxes paid during the year
(64 275)
(68 433)
Current income tax during the year (Note 9-C)
100 835
53 046
Balance at the endof the year
98 115
61 555
2016 ANNUAL REPORT
76
GB Auto (S.A.E.)
Notes to the consolidated financial statements for the financial year ended December 31, 2016
(In thenotes all amounts are shown inThousandEgyptianPounds unless otherwise stated)