Exhibit 11.1 ML MACADAMIA ORCHARDS, L.P. COMPUTATION OF NET INCOME PER CLASS A UNIT (UNAUDITED) (in thousands, except per unit data) THREE MONTHS NINE MONTHS ENDED SEPTEMBER 30, ENDED SEPTEMBER 30, -------------------------------- --------------------------------- 1999 1998 1999 1998 -------------- -------------- --------------- -------------- Net income (loss) $ 467 $ 329 $ 1,024 $ (229) Class A Unitholders (ownership percentage) x 99% x 99% x 99% x 99% -------------- -------------- --------------- -------------- Net income (loss) allocable to Class A Unitholders $ 462 $ 326 $ 1,014 $ (226) -------------- -------------- --------------- -------------- -------------- -------------- --------------- -------------- Class A Units outstanding 7,500 7,500 7,500 7,500 -------------- -------------- --------------- -------------- -------------- -------------- --------------- -------------- Net income (loss) per Class A Unit $ 0.06 $ 0.04 $ 0.14 $ (0.03) -------------- -------------- --------------- -------------- -------------- -------------- --------------- --------------