• CLEAN AND ENVIRONMENTALLY FRIENDLY Natural gas is the cleanest and most environmentally friendly of all fossil fuels...Read more

  • WELL DRILLING PADThe size of a typical drilling pad is about 1 hectare. To compare, the floorage of an average shopping centre is 4.5 hectares... Read more

  • SECURING OF WELL DRILLING PADA drilling pad as well as the adjacent pool are reinforced and tightened with concrete slabs. Protective foil is additionally laid where necessary.

  • WORK NOISEWell drilling does not produce onerous noise. The intensity of sounds generated in connection with drilling work is lower than that generated by street traffic.Read more

  • SAFETY OF FRACTURING PROCESSIn Poland, exploration wells in shale rock are drilled to depths of over 2.5 km.Read more

  • COMPOSITION OF FRACTURING FLUIDFracturing fluid is 95% water. Read more

  • NO MAJOR LANDSCAPE INTERFERENCEIf gas production is launched, the land surrounding the isolated, secured zone, is subject to a reclamation treatment. Read more

Notes to the Consolidated Financial Statements – Contents

9. Earnings/(Loss) per Share

Basic earnings/(loss) per share are/is calculated by dividing net profit/(loss) attributable to holders of the Parent’s ordinary shares for a given reporting period by the weighted average number of outstanding ordinary shares in the financial year.
Diluted earnings/(loss) per share are/is calculated by dividing the net profit/(loss) attributable to holders of the ordinary shares for a given reporting period (less interest on redeemable preference shares convertible into ordinary shares) by the weighted average number of outstanding ordinary shares in the reporting period (adjusted for the effect of dilutive options and dilutive redeemable preference shares convertible into ordinary shares).

in PLN m

Period from Jan 1 – Dec 31 2012 Period from Jan 1 – Dec 31 2011
Net profit/(loss) attributable to owners of the Parent 2,236 1,756
Net profit/(loss) attributable to owners of the Parent used to calculate diluted earnings/(loss) per share 2,236 1,756
Weighted average number of outstanding ordinary shares used to calculate basic earnings/(loss) per share ('000) 5,900 5,900
Weighted average number of outstanding ordinary shares used to calculate diluted earnings/(loss) per share ('000) 5,900 5,900
Basic earnings/(loss) per share for the year, attributable to holders of ordinary shares of the Parent (PLN) 0.38 0.3
Diluted earnings/(loss) per share for the year, attributable to holders of ordinary shares of the Parent (PLN) 0.38 0.3

The weighted average number of shares was computed in the manner presented in the table below:

Start date End date Number of outstanding ordinary shares ('000) Number of days Weighted average number of shares ('000)
Dec 31 2012  
2012-01-01 2012-12-31 5,900,000 366 5,900,000
Total     366 5,900,000
Dec 31 2011
2011-01-01 2011-12-31 5,900,000 365 5,900,000
Total     365 5,900,000