WindarPhotonics AnnualReport 2018 All - Flipbook - Page 64
Notes to the Financial Statements
continued
14. Loss per share
The loss and weighted average number of ordinary shares used in the calculation of basic loss per share are as
follows:
Year ended
Year ended
31 December 2018
€
(792,972)
Loss for the year
Weighted average number of ordinary shares
for the purpose of basic earnings per share
43,002,600
Basic loss and diluted, cents per share
(1.8)
31 December 2017
€
(2,225,875)
41,050,362
(5.4)
There is no dilutive effect of the warrants as the dilution would reduce the loss per share.
15. Dividends
No dividends were proposed by the Group during the period under review (2017: €Nil).
16. Investment in Subsidiaries
€
Company
At 1 January 20189,394,511
Capital contribution in the year 1,339,172
As at 31 December 2018
10,733,683
The subsidiaries of Windar Photonics Plc are included in these financial statements in accordance with the merger
accounting as set out in the basis of preparation and basis of consolidation in notes 4 and 5, are as follows:
Name
Country of
incorporation
Ownership
Registered
Office
Nature of
business
Windar Photonics A/S Denmark
100%
Helgeshoej Allé 16-18,
Develop
2630 Taastrup,and commercialise
Denmarkwind turbine
technology
Windar Photonics
China
100%
Room 403-03,
Commercialise
(Shanghai) Co. Ltd.
indirect
Building #2,
wind turbine
No. 38 Debao Road,technology
Pudong, Shanghai
The Company owns 100 per cent. of the issued share capital of Windar Photonics A/S (comprising A Shares of
DKK 5,737,800 of 1 DKK each and B Shares of DKK 3,642,592 of 1 DKK each) with CVR number 32157688.
Windar Photonics A/S was incorporated on 28 December 2008 in Denmark and acquired by the Company in
August 2014. During the year the Company invested the funds received from the share placing in to its main
trading subsidiary, Windar Photonics A/S, and an increase in the investment of €1,339,172 was made. In the prior
year an intercompany receivable due from Windar Photonics A/S of €1,746,165 was waived and treated as a capital
contribution.
Windar Photonics A/S owns 100 per cent. of the issued common stock of Windar Photonics (Shanghai) Co. Ltd.
Windar Photonics (Shanghai) Co. Ltd. was incorporated on 18 May 2016 in China with a registered capital of
USD 200,000 of which USD 200,000 is paid in as per 31 December 2018.
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Windar Photonics - Annual Report and Accounts 2018