(LOSS)/EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Basic Earnings Per Ordinary Share

As at December 31, 2017, this amounted to 86,486,409 shares (2016: 91,858,813 shares) (2015: 92,647,091 shares).

	December 31, 2017			December 31, 2016			December 31, 2015
‘A’ ordinary shares		86,486,409			91,858,813			92,647,091

Basic earnings per share denominator		86,486,409			91,858,813			92,647,091

Reconciliation to weighted average earnings per share denominator:
Number of ‘A’ ordinary shares at January 1 (Note 20)		96,162,410			95,840,138			94,308,358
Weighted average number of shares issued during the year*		-			120,396			974,161
Weighted average number of treasury shares		(9,676,001	)		(4,101,721	)		(2,635,428	)

Basic earnings per share denominator		86,486,409			91,858,813			92,647,091

*The weighted average number of shares issued during the year is calculated by taking the number of shares issued multiplied by the number of days in the year each share is in issue, divided by 365 days.

Schedule of Diluted Earnings Per Ordinary Share

The basic weighted average number of ordinary shares for the Group may be reconciled to the number used in the diluted earnings per ordinary share calculation as follows:

	December 31, 2017		December 31, 2016		December 31, 2015
Basic earnings per share denominator (see above)		86,486,409		91,858,813		92,647,091
Issuable on exercise of options and warrants		-		315,019		1,700,733
Issuable on conversion of exchangeable notes		21,023,770		21,023,766		15,283,348

Diluted earnings per share denominator		107,510,179		113,197,598		109,631,172

Schedule of Profit After Tax Diluted Earnings Per Ordinary Share Calculation

The profit/(loss) after tax for the year may be reconciled to the amount used in the diluted earnings per ordinary share calculation as follows:

	December 31, 2017 US$‘000			December 31, 2016 US$‘000			December 31, 2015 US$‘000
(Loss)/Profit after tax for the year		(40,270	)		(100,625	)		21,796
Non-cash financial income		(2,390	)		(2,270	)		(13,020	)
Cash interest expense		4,600			4,600			3,348
Non-cash interest on exchangeable notes		723			718			534

Adjusted (loss)/profit after tax		(37,337	)		(97,577	)		12,658

Schedule of Basic Earning per ADS

	December 31, 2017			December 31, 2016			December 31, 2015
ADS		21,621,602			22,964,703			23,161,773

Basic earnings per share denominator		21,621,602			22,964,703			23,161,773

Reconciliation to weighted average earnings per share denominator:
Number of ADS at January 1 (Note 20)		24,040,602			23,960,035			23,577,090
Weighted average number of shares issued during the year*		-			30,098			243,540
Weighted average number of treasury shares		(2,419,000	)		(1,025,430	)		(658,857	)

Basic earnings per share denominator		21,621,602			22,964,703			23,161,773

Diluted earnings per ADS for the Group is computed by dividing the adjusted loss after taxation of US$37,337,000 (2016: loss of US$97,577,000) (2015: profit of US$12,658,000) for the financial year, by the diluted weighted average number of ADS in issue of 26,877,545 (2016: 28,299,400) (2015: 27,407,793).

Schedule of Diluted Earning per ADS

The basic weighted average number of ADS shares for the Group may be reconciled to the number used in the diluted earnings per ADS share calculation as follows:

	December 31, 2017		December 31, 2016		December 31, 2015
Basic earnings per share denominator (see above)		21,621,602		22,964,703		23,161,773
Issuable on exercise of options and warrants		-		78,755		425,183
Issuable on conversion of exchangeable notes		5,255,942		5,255,941		3,820,837

Diluted earnings per share denominator		26,877,544		28,299,399		27,407,793