NOTES TO FINANCIAL STATEMENT

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

		(Restated)
	31 December 2023	31 December 2022
Earnings (AED):
Loss for the year	(41,974,615)	(27,752,753)
Number of shares:
Weighted average number of ordinary shares for the purpose of earnings per share	118,780,500	118,780,500
Loss per share (AED):
Basic and diluted	(0.35)	(0.23)

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