NOTES TO THE FINANCIAL STATEMENTS CONTINUED Notes to and forming part of the Consolidated Financial Statements For the period from incorporation to 26 June 2004 Consolidated  Entity 2004  Cents Basic earnings per share  4.1  Diluted earnings per share  4.1 Consolidated  Entity 2004  Weighted average number of shares used as the denominator  Number Weighted average number of shares used as the denominator in calculating basic earnings per share 67,550,020 Weighted average potential ordinary shares used as the denominator in calculating diluted earnings per share  67,550,020 Reconciliation of earnings used in calculating earnings per share  Basic earnings per share  - earnings used in calculating basic earnings per share – net profit after tax  2,767 Diluted earnings per share  - earnings used in calculating diluted earnings per share – net profit after tax  2,767 EARNINGS PER SHARE 36 Information on the classification of securities  The options over 1,200,000 ordinary shares remaining unconverted at year end is not included in  basic or dilutive EPS as the issue of shares is contingent upon future events. As at reporting date,  conditions which would result in the issue of shares had not been obtained. Holding  Country of  Class of  2004  Name of Entity  Incorporation  Shares  %  Super Cheap Auto Pty Ltd (a) Australia  Ordinary  100  Super Cheap Auto (New Zealand) Pty Ltd (b)  New Zealand  Super Cheap Auto Purchasing Pty Ltd (b) Australia  Ordinary  100 INVESTMENTS IN CONTROLLED ENTITIES 37 (a) These controlled entities have been granted relief from the necessity to prepare financial reports in accordance  with Class Order 98/1418 issued by the Australian Securities and Investments Commission.  (b) Investment is held directly by Super Cheap Auto Pty Ltd. DEED OF CROSS GUARANTEE 38 Super Cheap Auto Group Limited and Super Cheap Auto Pty Ltd are parties to a Deed of Cross Guarantee  under which each Company guarantees the debts of the others. By entering into the Deed, the wholly  owned entities have been relieved from the requirement to prepare a financial report and directors’  report under Class Order 98/1418 (as amended by Class Orders 98/2017, 00/0321, 01/1087, 02/0248 and  02/1017) issued by the Australian Securities and Investments Commission. The above companies represent a ‘Closed Group’ for the purposes of the Class Order, and as there  are no other parties to the Deed of Cross Guarantee that are controlled by Super Cheap Auto Group  Limited, they also represent the ‘Extended Closed Group’. As the consolidated financial statements cover all parties to the Deed of Cross Guarantee and the  members of the Extended Closed Group are the same as the Closed Group, no separate disclosure of  consolidated information for the Closed Group has been shown. 78