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## 28 EARNINGS PER ShARE 

Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the year. 

diluted earnings per share is calculated by adjusting the weighted average number of shares outstanding to assume conversion of all dilutive potential ordinary shares. the Group’s dilutive potential ordinary shares are in the form of share options / performance rights. 

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## 29 EARThQuAkE dISCLOSuRES 

the Christchurch earthquake that occurred on 22 February 2011 has not had a significant impact on trading. Kathmandu has business interruption insurance that provides cover for this event. 

as at the date of this report one store (Cashel Street) remains closed and will be for the foreseeable future. a business interruption claim following the 22 February 2011 event has been lodged and remains in process. a further material damage claim has been lodged to cover any loss of inventory and damage to fixtures and fittings in our Cashel Street store. no expected insurance proceeds from these claims have been recognised in the financial statements. 

## 30 EVENTS OCCuRRING AFTER ThE BALANCE dATE 

there are no events occurring after balance date that materially affect the information within the financial statements. 

