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Earnings per share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share
 
The calculation of basic and diluted earnings per share including a reconciliation of the numerator and denominator is as follows:
 
 
Three months ended
 
Six months ended
 
 
June 30,
2014
 
June 30,
2013
 
June 30,
2014
 
June 30,
2013
 
 
 
 
 
 
 
 
 
Numerator ($'000)
 
 
 
 
 
 
 
 
Net earnings/(losses) from continuing operations
 
6,463

 
16,935

 
(13,446
)
 
(29,269
)
Net earnings/(losses) from discontinued operations
 
(467
)
 
402

 
(1,202
)
 
(400
)
Net losses/(earnings) attributable to non-controlling interests
 
89

 
126

 
(27
)
 
(83
)
 
 
 
 
 
 
 
 
 
Net earnings/(losses) attributable to Belmond Ltd.
 
6,085

 
17,463

 
(14,675
)
 
(29,752
)
 
 
 
 
 
 
 
 
 
Denominator (shares '000)
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
103,734

 
103,063

 
103,727

 
103,037

Effect of dilution
 
2,184

 
2,249

 
—

 
—

 
 
 
 
 
 
 
 
 
Diluted weighted average shares outstanding
 
105,918

 
105,312

 
103,727

 
103,037

 
 
 
 
 
 
 
 
 
 
 
$
 
$
 
$
 
$
Basic earnings per share
 
 
 
 
 
 
 
 
Net earnings/(losses) from continuing operations
 
0.062

 
0.164

 
(0.130
)
 
(0.284
)
Net earnings/(losses) from discontinued operations
 
(0.005
)
 
0.004

 
(0.012
)
 
(0.004
)
Net losses/(earnings) attributable to non-controlling interests
 
0.001

 
0.001

 
—

 
(0.001
)
 
 
 
 
 
 
 
 
 
Net earnings/(losses) attributable to Belmond Ltd.
 
0.058

 
0.169

 
(0.142
)
 
(0.289
)
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
 
Net earnings/(losses) from continuing operations
 
0.061

 
0.161

 
(0.130
)
 
(0.284
)
Net earnings/(losses) from discontinued operations
 
(0.004
)
 
0.004

 
(0.012
)
 
(0.004
)
Net losses/(earnings) attributable to non-controlling interests
 
0.001

 
0.001

 
—

 
(0.001
)
 
 
 
 
 
 
 
 
 
Net earnings/(losses) attributable to Belmond Ltd.
 
0.058

 
0.166

 
(0.142
)
 
(0.289
)


For the six months ended June 30, 2014 and 2013, all share options and share-based awards were excluded from the calculation of the diluted weighted average number of shares because Belmond incurred a net loss in that period and the effect of their inclusion would be anti-dilutive.

The total number of share options and share-based awards excluded from computing diluted earnings per share were as follows: 
 
 
Three months ended
 
Six months ended
 
 
June 30,
2014
 
June 30,
2013
 
June 30,
2014
 
June 30,
2013
 
 
 
 
 
 
 
 
 
Share options
 
163,900

 
231,150

 
2,913,300

 
3,276,600

Share-based awards
 
—

 
—

 
1,503,000

 
1,601,463

 
 
 
 
 
 
 
 
 
Total
 
163,900

 
231,150

 
4,416,300

 
4,878,063


 
The number of share options and share-based awards unexercised at June 30, 2014 was 4,416,300 (June 30, 2013 - 4,878,063).