EX-11 3 ex11.txt EXHIBIT 11 EXHIBIT 11 STIRLING COOKE BROWN HOLDINGS LIMITED STATEMENT OF COMPUTATION OF NET INCOME (LOSS) PER ORDINARY SHARE (Expressed in thousands of United States Dollars, except share and per share data)
1999 2000 ----------------------------------------------------- ---------------------------------------- Cumulative effect of a Dis- change in Dis- Continued continued accounting Continued continued operations operations principle Total operations operations Total ---------- ---------- ---------- ----- ---------- ---------- ----- Net Loss............. $ (4,820) $ (1,590) $ (307) $ (6,717) $ (15,976) $ (11,029) $ (27,005) =========== ========== =========== ========== ========== =========== =========== BASIC Number of Shares: Weighted average number of ordinary shares outstanding.. 9,863,372 9,863,372 9,863,372 9,863,372 9,877,619 9,877,619 9,877,619 Weighted average ----------- ---------- ----------- ---------- ---------- ---------- ----------- treasury shares held......... (383,016) (383,016) (383,016) (383,016) (443,400) (443,400) (443,400) ----------- ---------- ----------- ---------- ---------- ---------- ----------- 9,480,356 9,480,356 9,480,356 9,480,356 9,434,219 9,434,219 9,434,219 =========== ========== =========== ========== ========== ========== =========== Net loss per share... $ (0.51) $ (0.17) $ (0.03) $ (0.71) $ (1.69) $ (1.17) $ (2.86) =========== ========== =========== ========== ========== ========== =========== DILUTED Number of shares: Weighted average number of ordinary shares outstanding.. 9,863,372 9,863,372 9,863,372 9,863,372 9,877,619 9,877,619 9,877,619 Weighted average treasury shares held........ (383,016) (383,016) (383,016) (383,016) (443,400) (443,400) (443,400) =========== ========== =========== ========== ========== ========== =========== 9,480,356 9,480,356 9,480,356 9,480,356 9,434,219 9,434,219 9,434,219 =========== ========== =========== ========== ========== ========== =========== Net loss per share assuming dilution... $ (0.51) $ (0.17) $ (0.03) $ (0.71) $ (1.69) $ (1.17) $ (2.86) =========== ========== =========== ========== ========== ========== =========== 2001 ---------------------------------------- Dis- Continued continued operations operations Total ----------- ---------- ----- Net Loss............. $ (15,143) $ (6,187) $ (21,330) =========== ========== =========== BASIC Number of Shares: Weighted average number of ordinary shares outstanding......... 9,863,372 9,863,372 9,863,372 ----------- ---------- ----------- Weighted average treasury shares held......... (443,400) (443,400) (443,400) ----------- ---------- ----------- 9,519,972 9,519,972 9,519,972 =========== ========== =========== Net loss per share... $ (1.59) $ (0.65) $ (2.24) =========== ========== =========== DILUTED Number of shares: Weighted average number of ordinary shares outstanding........ 9,963,372 9,963,372 9,963,372 Weighted average treasury shares held........ (443,400) (443,400) (443,400) =========== ========== =========== 9,519,972 9,519,972 9,519,972 =========== ========== =========== Net loss per share assuming dilution... $ (1.59) $ (0.65) $ (2.24) =========== ========== ===========