KENANGA ANNUAL REPORT 2017

40. TAXATION AND ZAKAT (CONT’D.) Group Bank 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Tax savings during the financial year arising from: Utilisation of current financial year losses 1,355 503 – – Utilisation of tax losses brought forward from previous financial year – 6,498 – – 41. BASIC AND DILUTED EARNINGS PER SHARE Basic and diluted earnings per share amounts are calculated by dividing profit for the financial year attributable to equity holders of the Bank by the weighted average number of ordinary shares in issue during the financial year. Group 2017 2016 Profit for the financial year attributable to equity holders of the Bank (RM’000) 24,188 19,720 Weighted average number of ordinary shares in issue (‘000) 722,547 762,091 Basic and diluted earnings per share (sen) 3.35 2.59 Diluted earnings per share is the same as basic earnings per share as there are no dilutive potential ordinary shares during the financial year. Annual Report 2017 31 December 2017 163 notes to the financial statements