(LOSS)/EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Basic Earnings Per Ordinary Share

As at December 31, 2018, this amounted to 83,612,908 shares (2017: 86,486,409 shares) (2016: 91,858,813 shares).

	December 31, 2018			December 31, 2017			December 31, 2016
‘A’ ordinary shares		83,612,908			86,486,409			91,858,813

Basic earnings per share denominator		83,612,908			86,486,409			91,858,813

Reconciliation to weighted average earnings per share denominator:
Number of ‘A’ ordinary shares at January 1 (Note 20)		96,162,410			96,162,410			95,840,138
Weighted average number of shares issued during the year*		-			-			120,396
Weighted average number of treasury shares		(12,549,502	)		(9,676,001	)		(4,101,721	)

Basic earnings per share denominator		83,612,908			86,486,409			91,858,813

*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, 2018		December 31, 2017		December 31, 2016
Basic earnings per share denominator (see above)		83,612,908		86,486,409		91,858,813
Issuable on exercise of options and warrants		22,359		-		315,019
Issuable on conversion of exchangeable notes		19,873,553		21,023,770		21,023,766

Diluted earnings per share denominator		103,508,820		107,510,179		113,197,598

Schedule of Profit After Tax Diluted Earnings Per Ordinary Share Calculation

The 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, 2018 US$‘000			December 31, 2017 US$‘000			December 31, 2016 US$‘000
Loss after tax for the year		(22,090	)		(40,270	)		(100,625	)
Non-cash financial income		(1,388	)		(2,390	)		(2,270	)
Cash interest expense		4,352			4,600			4,600
Non-cash interest on exchangeable notes		689			723			718

Adjusted loss after tax		(18,437	)		(37,337	)		(97,577	)

Schedule of Basic Earning per ADS

	December 31, 2018			December 31, 2017			December 31, 2016
ADS		20,903,227			21,621,602			22,964,703

Basic earnings per share denominator		20,903,227			21,621,602			22,964,703

Reconciliation to weighted average earnings per share denominator:
Number of ADS at January 1 (Note 20)		24,040,602			24,040,602			23,960,035
Weighted average number of shares issued during the year*		-			-			30,098
Weighted average number of treasury shares		(3,137,375	)		(2,419,000	)		(1,025,430	)

Basic earnings per share denominator		20,903,227			21,621,602			22,964,703

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, 2018		December 31, 2017		December 31, 2016
Basic earnings per share denominator (see above)		20,903,227		21,621,602		22,964,703
Issuable on exercise of options and warrants		5,590		-		78,755
Issuable on conversion of exchangeable notes		4,968,388		5,255,942		5,255,941

Diluted earnings per share denominator		25,877,205		26,877,544		28,299,399