Notes to the Consolidated Financial Statements Continued Consolidated Restated 2021 2020 Note 9. Earnings Per Share US$’000 US$’000 Profit (loss) for the financial year used to calculate basic and diluted earnings per ordinary share: 4,384 (86,138) (a) Basic profit (loss) per ordinary share 0.0079 (0.1936) (b) Diluted profit (loss) per ordinary share* 0.0077 (0.1936) * Diluted loss per ordinary share equates to basic loss per ordinary share in the current and previous financial year because a loss per ordinary share is not considered dilutive for the purposes of calculating earnings per share pursuant to AASB 133 ‘Earnings per Share’. Weighted average number of ordinary shares on issue during the financial year used in calculating basic earnings per ordinary share: 553,552,881 444,985,726 Weighted average number of potential ordinary shares: 13,525,080 8,777,337 Weighted average number of ordinary shares and potential ordinary shares used in calculating diluted earnings per ordinary share (excluding anti‑dilutive share options outstanding): 567,077,961 453,763,063 Weighted average number of anti‑dilutive share options: 4,750,911 7,618,174 Potential ordinary shares Share options and performance rights over unissued ordinary shares of the Company outstanding at the end of the financial year are considered to be potential ordinary shares and have been included in the determination of diluted earnings per ordinary share to the extent to which they are dilutive. The potential ordinary shares have not been included in the determination of basic earnings per ordinary share. Consolidated Restated 2021 2020 Note 10. Cash and Cash Equivalents US$’000 US$’000 Cash at bank and on hand (refer note (a) below) 133,209 275,168 Short‑term bank deposits (refer note (b) below) – 21,252 Total cash and cash equivalents 133,209 296,420 (a) Cash and Cash Equivalents of Joint Operations Cash and cash equivalents include share of joint operation cash and short‑term bank deposit balances. Refer to Note 26 for further details. (b) Short‑term Bank Deposits Short‑term bank deposits are made for varying periods, depending on the immediate cash requirements of the Group, and earn interest at the respective short‑term bank deposit rates. Consolidated Restated 2021 2020 Note 11. Receivables US$’000 US$’000 Trade debtors – crude oil sales 33,831 – Other receivables 331 9,380 Total current receivables 34,162 9,380 (a) Financial Risk Management Information concerning the Group’s exposure to financial risks on receivables is set out in Note 3. Karoon Energy Ltd 104 Annual Report 2021