EXHIBIT 11.1
CINEPLEX ODEON CORPORATION
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(Calculated in accordance with Canadian generally accepted
accounting principles)
(In U.S. dollars, except number of shares)
3 months ended 3 months ended
March 31, 1997 March 31, 1996
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Basic
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Net income/(loss) (B) $2,107,000 ($7,157,000)
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Weighted average outstanding common and
subordinate restricted voting shares (C) 176,784,000 123,551,000
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Net income(loss) per share (B/C) $0.01 ($0.06)
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Fully Diluted
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Net income/(loss) $2,107,000 ($7,157,000)
Imputed interest on stock options converted
at beginning of year (net of income tax of nil) 148,000 0 (1)
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Adjusted net income/(loss) (E) $2,255,000 ($7,157,000)
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Weighted average outstanding shares
- after all conversions (F) 191,291,000 123,551,000 (2)
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Net income(loss) per share (E/F) $0.01 ($0.06)
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(1) Imputed interest calculations would be anti-dilutive and therefore
have been excluded in calculations.
(2) Inclusion of conversions would be anti-dilutive and therefore are
excluded in calculations. Weighted average outstanding shares after all
conversions would be 131,384,000 for the 3 months ended March 31, 1996.