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EXHIBIT 11.1
SMARTIRE SYSTEMS INC.
COMPUTATION OF LOSS PER SHARE
The Company's financial statements have been prepared in accordance with
Canadian Generally Accepted Accounting Principles ("GAAP"). A reconciliation of
financial statement amounts from Canadian GAAP to United States GAAP has been
provided in the consolidated financial statements.
<TABLE>
<CAPTION>
Year Ended Year Ended
July 31, 2000 July 31, 1999
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($000's except per share data)
<S> <C> <C>
Net income (loss) in accordance
with United States GAAP $ 2,723 $ (17,089)
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Weighted average number
of common shares 13,159,385 10,192,024
========== ==========
Diluted weighted
average number of shares 13,159,385 10,192,024
========== ==========
Basic and diluted income
(loss) in accordance with
United States GAAP $ 0.21 $ (1.68)
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</TABLE>
