IA3

Seite 1

Book Value Per Share

Computed as: net assets divided by outstanding shares at the end of the year.

If there is only one class of outstanding share capital,

Total shareholders’ equity

Number of outstanding shares,

Note that in determining the total shareholders equity, the cost of the treasury shares is to be deducted and the number of treasury shares is deducted from the number of shares issued in arriving the number of outstanding shares.