|
|
|
|
|
|
|
|
|
Goran Capital, Inc. - Consolidated
Exhibit 11
Analysis of Earnings Per Share
US GAAP - Treasury Method
<TABLE>
<CAPTION>
Six Months Six Months
Ended Ended
See Note (1) below June 30, 2000 June 30, 1999
<S> <C> <C> <C>
Average Price (US $) N/A (A) N/A
Proceeds from Exercise of Warrants and Options (US $) Nil (B) Nil
Shares Repurchased - Treasury Method Nil (B) / (A) Nil
Shares Outstanding - Weighted Average 5,868,065 5,876,398
Add: Options and Warrants Outstanding (1) Nil Nil
Less: Treasury Method - Shares Repurchased Nil Nil
Shares Outstanding for US GAAP Purposes 5,868,065 (C ) 5,876,398
Net Earnings in Accordance with US GAAP $(8,738,000) (D) $(5,716,000)
Earnings (loss) Per Share - US GAAP - Basic $(1.49) $(0.97)
Earnings (loss) Per Share - US GAAP - Fully Diluted $(1.49) (D) / (C ) $(0.97)
Note 1: There were no options outstanding with a dilutive effect for the six
months ended June 30, 2000 or 1999.
</TABLE>
|
|