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, 1996 March 31, 1995
-------------------- --------------------
Basic
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Net loss (B) ($7,157,000) ($15,109,000)
==================== ====================
Weighted average outstanding common and
subordinate restricted voting sh 123,551,000 114,747,000
==================== ===================
Loss per share (B/C) ($0.06) ($0.13)
==================== ==================
Fully Diluted
-------------
Net loss ($7,157,000) ($15,109,000)
Imputed interest on stock options converted
at beginning of year (net of income tax 0 (1) 0 (1)
of nil)
-------------------- ------------------
Adjusted net loss (E) ($7,157,000) ($15,109,000)
==================== ==================
Weighted average outstanding shares
- after all conversions (F) 123,551,000 (2) 114,747,000 (2)
==================== ==================
Loss per share (E/F) ($0.06) ($0.13)
==================== ==================
(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 and 122,620,000
for the 3 months ended March 31, 1995.