EX-11 3 lhex11.txt FINANCIAL 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 per share data)
2001 2002 --------- ------------ ------ --------- ------------ --------- Continuing Discontinued Continuing Discontinued operations operations Total operations operations Total ---------- ------------ ---------- ---------- ------------ ---------- As of or for the three months ended June 30, -------------------------------------------- Net (loss) income................................ $ (1,128) $ (1,148) $ (2,276) $ (6,921) $ 4,263 $ (2,658) ========== ========= ========= ========= ========= ========== BASIC Number of shares: Weighted average number of ordinary shares outstanding................................... 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 Weighted average treasury shares held............ (443,400) (443,400) (443,400) (443,400) (443,400) (443,400) ---------- --------- --------- --------- --------- --------- 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 ========== ========= ========= ========= ========= ========= Net (loss) income per share...................... $ (0.12) $ (0.12) $ (0.24) $ (0.73) $ 0.45 $ (0.28) ========== ========= ========= ========= ========= ========= DILUTED Number of shares: Weighted average number of ordinary shares outstanding................................... 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 Weighted average treasury shares held............ (443,400) (443,400) (443,400) (443,400) (443,400) (443,400) ---------- --------- --------- --------- --------- --------- 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 ========== ========= ========= ========= ========= ========= Net (loss) income per share assuming dilution.... $ (0.12) $ (0.12) $ (0.24) $ (0.73) $ 0.45 $ (0.28) ========== ========= ========= ========= ========= ========= As of or for the six months ended June 30, ------------------------------------------ Net (loss) income................................ $ (2,648) $ (1,557) $ (4,205) $(10,437) $ 3,482 $ (6,955) ========== ========= ========= ========= ========= ========= BASIC Number of shares: Weighted average number of ordinary shares outstanding................................... 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 Weighted average treasury shares held............ (443,400) (443,400) (443,400) (443,400) (443,400) (443,400) ---------- --------- --------- --------- --------- --------- 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 ========= ========= ========= ========= ========= ========= Net (loss) income per share...................... $ (0.28) $ (0.16) $ (0.44) $ (1.10) $ 0.37 $ (0.73) ========== ========= ========= ========= ========= ========= DILUTED Number of shares: Weighted average number of ordinary shares outstanding................................... 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 9,963,372 Weighted average treasury shares held............ (443,400) (443,400) (443,400) (443,400) (443,400) (443,400) ---------- --------- --------- --------- --------- --------- 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 9,519,972 ========= ========= ========= ========= ========= ========= Net (loss) income per share assuming dilution.... $ (0.28) $ (0.16) $ (0.44) $ (1.10) $ 0.37 $ (0.73) ========= ========= ========= ========= ========= =========