Exhibit 11.1
Statement regarding computation of earnings per share
2005 | 2004 | 2003 | ||||||||||||||||||||||
(In thousands; per-share amounts in Reais) | Diluted | Basic | Diluted | Basic | Diluted | Basic | ||||||||||||||||||
CONSOLIDATED | ||||||||||||||||||||||||
Net earnings available for per-share calculation | $ | 141,529 | $ | 141,529 | $ | 75,142 | $ | 75,142 | $ | 58,458 | $ | 58,458 | ||||||||||||
AVERAGE EQUIVALENT SHARES | ||||||||||||||||||||||||
Shares of TmarPart common stock outstanding | 3,432,901 | 3,432,901 | 3,432,901 | 3,432,901 | 3,432,901 | 3,432,901 | ||||||||||||||||||
Employee compensation-related shares, including stock options | — | — | — | — | — | — | ||||||||||||||||||
Total average equivalent shares | 3,432,901 | 3,432,901 | 3,432,901 | 3,432,901 | 3,432,901 | 3,432,901 | ||||||||||||||||||
PER-SHARE AMOUNTS | ||||||||||||||||||||||||
Net earnings per share | $ | 0.04 | $ | 0.04 | $ | 0.02 | $ | 0.02 | $ | 0.02 | $ | 0.02 | ||||||||||||