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 SIX MONTHS ENDED JUNE 30, ENDED JUNE 30, ------------------------- ------------------------ 1999 1998 1999 1998 ------- ------- ------- ------- Net income (loss) $ 16 $(1,227) $ 557 $ (558) Class A Unitholders (ownership percentage) x 99% x 99% x 99% x 99% ------- ------- ------- ------- Net income (loss) allocable to Class A Unitholders $ 16 $(1,215) $ 551 $ (552) ------- ------- ------- ------- ------- ------- ------- ------- Class A Units outstanding 7,500 7,500 7,500 7,500 ------- ------- ------- ------- ------- ------- ------- ------- Net income (loss) per Class A Unit $ - $ (0.16) $ 0.07 $ (0.07) ------- ------- ------- ------- ------- ------- ------- -------