Page 320 - BTSGroup ONE REPORT 2021/22_EN

318 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

The unused tax losses of the Group amounting to Baht 2,341 million (2021: Baht 1,138 million) will expire by 2027.

As at 31 March 2022, the total amount of temporary differences associated with investments in associates and joint ventures for which deferred tax liability
has not been recognised, is Baht 538 million (2021: Baht 940 million).

45. Earnings per share
Basic earnings per share is calculated by dividing profit for the year attributable to equity holders of the Company (excluding other comprehensive income)
by the weighted average number of ordinary shares in issue during the year.

Diluted earnings per share is calculated by dividing profit for the year attributable to equity holders of the Company (excluding other comprehensive
income) by the weighted average number of ordinary shares in issue during the year plus the weighted average number of ordinary shares which would
need to be issued to convert all dilutive potential ordinary shares into ordinary shares. The calculation assumes that such conversion took place either at
the beginning of the year or on the date the potential ordinary shares were issued.

Details of calculation of earnings per share for the years ended 31 March 2022 and 2021 are as below.

Consolidated f nancial statements
Weighted average number
Prof t of ordinary shares Earnings per share
2022 2021 2022 2021 2022 2021
Thousand Baht Thousand Baht Thousand shares Thousand shares Baht Baht
Basic earnings per share
Profit attributable to equity holders of the Company 3,825,584 4,576,273 13,163,783 13,159,445 0.291 0.348
Effect of dilutive potential ordinary shares
Warrants (BTS-WC) - - - 38
Warrants (BTS-WD) - - 436 1,240
Diluted earnings per share
Profit of ordinary shareholders assuming the
conversion of dilutive potential ordinary shares 3,825,584 4,576,273 13,164,219 13,160,723 0.291 0.348