NOTES TO FINANCIAL STATEMENT

Earnings per share are calculated by dividing the profit for the year by the weighted average number of ordinary shares outstanding during the year as follows:

	2021	2020
Earnings (AED):
Net profit for the year	9,519,956	10,885,879
Number of shares:
Weighted average number of ordinary shares for the purpose of earnings per share	118,780,500	118,780,500
Earnings per share (AED):
Basic and diluted	0.08	0.09

The Company does not have potentially diluted shares and accordingly, diluted earnings per share equals basic earnings per share.