PDSnet Glossary

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Definition

<p style="text-align: justify;">Certain <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">ratios</span> are calculated as a number of cents per <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">share</span> - like the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">net asset value</span> per share, the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">dividends</span> per share and the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">earnings</span> per share. These types of "per share" ratios depend on the number of <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">shares in issue</span>. Net asset value is usually based on the number of shares in issue at the end of the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">accounting period</span>, but earnings and dividends per share are based on the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">average</span> number of shares in issue during the accounting period - which can vary significantly as a result of <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">rights issues</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">consolidations</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">share split</span>s, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">employee share option schemes</span> and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">share buy-backs</span>.</p>