1 EXHIBIT 11.1 POLAND COMMUNICATIONS, INC. For the years ended December 31, 1996, 1995, and 1994 (in thousands, except per share data) Year Ended Year Ended Year Ended December 31, 1996 December 31, 1995 December 31, 1994 ----------------- ----------------- ----------------- Net Loss applicable to common shareholders (9,487) (1,289) (2,383) ------ ------ ------ Excess of carrying amount of preferred stock over fair value of the consideration transferred 3,549 -- -- -------- -------- -------- Adjusted Net Loss (5,938) (1,289) (2,383) Weighted average number of shares outstanding 17,271 11,037 10,880 Net Loss per share $(343.81) $(116.79) $(219.03) -------- -------- -------- Page 1