XML 35 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Loss Per Share
 12 Months Ended
Dec. 31, 2021
Earnings per share [Abstract]  
Loss per share

Note 17 – Loss per share

 

Basic loss per share

 

The calculation of basic loss per share as at December 31, 2021 was based on the loss attributable to the owners of the company divided by a weighted average number of ordinary shares outstanding, calculated as follows:

 

   For the year ended December 31 
   2019(*)   2020(*)   2021 
Weighted average number of Ordinary Shares (thousands of shares)(*)   3,513    42,947    247,335 
Loss attributable to the owners of the company (thousands USD)   8,353    48,494    200,777 

 

(*) All the figures in this note were adjusted to reflect the 1:50 reverse split effective June 29, 2020. See Note 12.A.

 

Weighted average number of Ordinary Shares:

 

   Year ended December 31 
   2019(*)   2020(*)   2021 
   Thousands
of		   Thousands
of		   Thousands
of		 
   shares of
NIS 5.0		   shares of
NIS 5.0		   shares of
NIS 5.0		 
   par value   par value   par value 
Balance as at January 1   1,932    4,179    172,052 
Effect of share options exercised   135    9    2,558 
Effect of warrants exercised   
-
    1,184    575 
Effect of conversion of notes   
-
    1,236    
-
 
Effect of shares issued during the year   1,446    36,339    72,150 
Weighted average number of Ordinary Shares used to calculate basic loss per share as at December 31   3,513    42,947    247,335 

  

(*) All the figures in this note were adjusted to reflect the 1:50 reverse split effective June 29, 2020, see note 12.A.

 

Diluted loss per share

 

The calculation of diluted loss per share as at December 31, 2021 was based on loss attributable to the owners of the company divided by a weighted average number of ordinary shares outstanding after adjustment for the effects of all dilutive potential ordinary shares, calculated as follows:

 

Loss attributable to owners of the company (diluted)

 

   Year ended December 31 
   2019   2020   2021 
   Thousands 
Loss used to calculate basic loss per share   8,353    48,494    200,777 
Changes in fair value of share price protection liability   
-
    
-
    3,783 
Changes in fair value of warrants classified as liabilities   
-
    
-
    456 
Loss attributable to ordinary shareholders   8,353    48,494    205,016 

  

Weighted average number of ordinary shares (diluted)

 

   Year ended December 31 
   2019   2020   2021 
   Thousands
of		   Thousands
of		   Thousands
of		 
   shares of
NIS 5.0		   shares of
NIS 5.0		   shares of
NIS 5.0		 
   par value   par value   par value 
Weighted average number of Ordinary Shares used to calculate loss
per share		   3,513    42,947    247,335 
Effect of share price protection on issue   
-
    
-
    702 
Effect of warrants on issue   
-
    
-
    95 
Weighted average number of Ordinary Shares used to calculate diluted loss per share as at December 31   3,513    42,947    248,132 

 

In 2021, 55,817,296 options and warrants (in 2020: 22,810,291 and 2019: 3,468,948) were excluded from the diluted weighted average number of Ordinary Shares calculation as their effect would have been anti-dilutive.