Exhibit 11.1 BARBEQUES GALORE LIMITED AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS 7 months 12 months 3 months 3 months Year ended Year ended ended ended Year ended ended ended June 30, June 30, January 31, January 31, January 31, April 30, April 30, 1995 1996 1997 1997 1998 1997 1998 --------- ---------- ---------- ---------- ---------- -------- ---------- (unaudited) (unaudited) (unaudited) (in A$ thousands, except share and per share data) BASIC EARNINGS Net income (loss) 3,805 3,945 1,557 552 3,531 (700) (787) ====== ====== ====== ====== ====== ====== ====== Weighted average number of ordinary shares outstanding 4,450 4,450 4,073 4,228 2,473 1,844 4,541 ====== ====== ====== ====== ====== ====== ====== Basic earnings per ordinary share $ 0.86 $ 0.89 $ 0.38 $ 0.13 $ 1.43 $(0.38) $(0.17) ====== ====== ====== ====== ====== ====== ====== DILUTED EARNINGS Net income (loss) 3,805 3,945 1,557 552 3,351 (700) (787) Effect of convertible notes - - 56 - 504 - - net of tax ------ ------ ------ ------ ------ ------ ------ Adjusted net income (loss) 3,805 3,945 1,613 552 4,035 (700) (787) ====== ====== ====== ====== ====== ====== ====== Weighted average number of ordinary shares outstanding 4,450 4,450 4,073 4,228 2,473 1,844 4,541 Effect of dilutive securities: Options deemed exercised - - 93 - 41 - - Convertible notes - - 79 - 919 - - Weighted average number of ordinary and ordinary equivalent shares outstanding as adjusted 4,450 4,450 4,245 4,228 3,433 1,844 4,541 ====== ====== ====== ====== ====== ====== ====== Diluted earnings per ordinary share and ordinary equivalent share $ 0.86 $ 0.89 $ 0.38 $ 0.13 $ 1.18 $(0.38) $(0.17) ====== ====== ====== ====== ====== ====== ======