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## Normalized earnings attributable to common shareholders and normalized earnings per share 

The Company uses normalized earnings per share to measure performance by period on a comparable basis. 

Normalized earnings per share is based on earnings used in the calculation of earnings per share according to GAAP adjusted for items that are not reflective of performance in the period such as fair value changes, impairment charges, unusual tax adjustments, gains and losses on disposal of assets or unusual contracts, and foreign exchange loss on the translation of U.S. dollar denominated debt. A reconciliation of net income (loss) attributable to shareholders to normalized earnings attributable to common shareholders, and basic earnings (loss) per share to normalized earnings per share is as follows: 

<img src='content_image/200425.jpg'>

Normalized earnings per share reflects the period-over-period change in normalized earnings and the changes from period to period as the weighted average number of common shares outstanding increases and the net income attributable to non-controlling interests decreases. 

