The net profit of the ECB shall be transferred in the following order:

Net profit on Community sales (%) increased from 1,7 % to 3,5 %.

Le résultat net de cette liquidation est repris au budget général de l'Union européenne.

net profit on Community sales (%) increased from 0,5 % to 3,5 % between 1997 and 2001, and further improved to 4,6 % in 2002,

Net profit on financial operations

Net profit Ordinary shares outstanding Basic earnings per share Convertible bonds

Net profit or net loss on financial operations.

Net profit or net loss on financial operations

The net result after liquidation shall be taken up in the general budget of the European Union.

the net profit or loss on exchange activities, without prejudice to Article 29, point 3;

Net profit for year 20X1 Weighted average shares outstanding during year 20X1 Basic earnings per share Number of shares under option Number of shares that would have been issued at fair value: Diluted earnings per share

The net profit from continuing ordinary activities is the net profit from ordinary activities (as defined in IAS 8) after deducting preference dividends and after excluding items relating to discontinued operations;

Net profit 20X0 Net profit 20X1 Ordinary shares outstanding until 30 September 20X1 Bonus issue 1 October 20X1 Two ordinary shares for each ordinary share outstanding at 30 September 20X1 Earnings per share 20X1 Adjusted earnings per share 20X0

Profit for the financial year (unless national law provides for its inclusion under Liabilities item 14)

The earnings have not been increased as the total number of shares has been increased only by the number of shares (25 000) deemed for the purpose of the computation to have been issued for no consideration (see 35(b) above).

the net profit or loss on transactions in securities which are not held as financial fixed assets together with value adjustments and value re-adjustments on such securities, taking into account, where Article 36 (2) has been applied, the difference resulting from application of that article;

Net profit for year 20X1 Weighted average number of ordinary shares outstanding during year 20X1 Average fair value of one ordinary share during year 20X1 Weighted average number of shares under option during year 20X1 Exercise price for shares under option during year 20X1

Net profit Shares outstanding prior to rights issue 500 shares Rights issue One new share for each five outstanding (100 new shares total) Exercise price: 5,00 Last date to exercise rights: 1 March 20X1 Fair value of one ordinary share immediately prior to exercise on 1 March 20X1

The net profit of the European Central Bank shall be transferred in the following order:

(b) the remaining net profit shall be distributed to the shareholders of the European Central Bank in proportion to their paid-up shares.

the remaining net profit shall be distributed to the shareholders of the ECB in proportion to their paid-up shares.

In addition, a determination by Austrade on whether the Australian input is sufficient to ensure that significant net benefits from their exports will be derived, would make this scheme in fact tied to anticipated export earnings in the meaning of Article 3(4)(a) of the basic Regulation.

-net income,

For the Russian and Thai cooperating exporting producers, by determining the total net profits only on the basis of the sales made in the ordinary course of trade and not on the total turnover of all domestic sales of the product concerned, the Commission would unreasonably inflate the profit margin.

According to subsections 3 and 4 of this Section, these Australian content rules can be deviated from depending on the determination by the Australian Trade Commission (Austrade) of whether or not 'the Australian input in those goods is [...] sufficient to ensure that Australia will derive a significant net benefit from their export.'

In fact, the determining factor to consider the SG&A expenses as being usable, is not whether those sales were made at a profit, but whether a sufficiently representative amount of sales were made on an arm's length basis.

If the exporting producer had opted to offset its profit against the accumulated net losses, it would not have completed the section on non-taxable income which is only for income benefiting from BOI exemption.

If, on the basis of a reasoned estimate prepared by the Executive Board, and in respect of the amount due for the fourth quarter, the Governing Council expects that the ECB will have an overall annual loss or will make an annual net profit that is less than the estimated amount of its income on euro banknotes in circulation, the Governing Council shall decide before the end of the financial year not to distribute part or all of the ECB's income on euro banknotes in circulation in accordance with Article 2 to the extent necessary to ensure that the amount of the distributed income does not exceed the ECB's net profit for that year.

per share earnings shares

Profit or loss brought forward

Net profit attributable Ordinary shares Per share

Example - effects of share options on diluted earnings per share

In some other jurisdictions, income taxes may be refundable or payable if part or all of the net profit or retained earnings is paid out as a dividend to shareholders of the enterprise.

Increase in earnings Increase in number of ordinary shares Earnings per incremental share

In some jurisdictions, income taxes are payable at a higher or lower rate if part or all of the net profit or retained earnings is paid out as a dividend to shareholders of the enterprise.

Adjusted net profit Number of ordinary shares resulting from conversion of bond Number of ordinary shares used to compute diluted earnings per share Diluted earnings per share

from the date of conversion, the resulting ordinary shares are included in both basic and diluted earnings per share.

When dividends on equity securities are declared from pre-acquisition net income, those dividends are deducted from the cost of the securities.

The revaluation surplus included in equity may be transferred directly to retained earnings when the surplus is realised.

Such ordinary shares generate no proceeds and have no effect on the net profit attributable to ordinary shares outstanding.

minority interests in the net income of consolidated subsidiaries for the reporting period are identified and adjusted against the income of the group in order to arrive at the net income attributable to the owners of the parent;

the nature and amount of items affecting assets, liabilities, equity, net income, or cash flows that are unusual because of their nature, size, or incidence;

the impact on net profit or loss for each prior period presented had the change in classification occurred at the beginning of the earliest period presented.

In the parent's separate financial statements, if any, the disclosure of the potential income tax consequences relates to the parent's retained earnings.

Where the company has paid or proposes to pay an interim dividend, the figures must indicate the profit or loss after tax for the six-month period and the interim dividend paid or proposed.

If the subsidiary subsequently reports profits, the majority interest is allocated all such profits until the minority's share of losses previously absorbed by the majority has been recovered.

The ECB's net profits or losses (if any) for the financial year 2003 should be allocated and distributed pursuant to Article 33.1(b) and Article 33.2 of the Statute and in accordance with the capital key weightings applicable on 31 December 2003.

If the associate subsequently reports profits, the investor resumes including its share of those profits only after its share of the profits equals the share of net losses not recognised(39).

major ordinary share transactions and potential ordinary share transactions after the balance sheet date (IAS 33, earnings per share, encourages an enterprise to disclose a description of such transactions, other than capitalisation issues and share splits);

For the purpose of calculating diluted earnings per share, the net profit attributable to ordinary shareholders and the weighted average number of shares outstanding should be adjusted for the effects of all dilutive potential ordinary shares(42).