Notes to the Financial Statements 109 Notes t o the Financial Statements continued 31. Earnings per share 2013  Cents 2012  Cents Basic (loss) / earnings per share (213.3) 52.5 Diluted (loss) / earnings per share (213.3) 52.5 $’000 $’000 Net (loss) / profit used to calculate basic and diluted earnings per share (323,726) 75,159 Number Number Weighted average number of shares used as the denominator Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share 151,766,220 143,104,817 Adjustment for calculation of diluted earnings per share: option – 129,980 Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share 151,766,220 43,234,797 Summary of financial information 2013  $’000 2012  $’000 Results of parent entity (Loss) / profit for the year (385,898)  7,791 Other comprehensive (loss) (91) (509) Total comprehensive (loss) / profit (385,989) 7,282 Financial position of parent entity at year end Current assets 237,483 211,404 Total assets 292,370 668,437 Current liabilities 132,736 32,140 Total liabilities 133,743 103,243 Total equity of the parent entity comprising of: Issued capital 605,504 599,618 Reserve 8,336 10,409 Accumulated losses (455,213) (44,833) Total financial equity 158,627 565,194 Diluted loss per share 32. Parent entity financial information Options As the Group made a loss for the year, diluted loss per share is the same as basic loss per share as the impact of dilution would be to reduce the loss per share. Options granted to employees and Directors are considered to be potential ordinary shares and have been included in the determination of diluted earnings  per share. The options have not been included in the determination of basic earnings per share. Details relating to the options are set out in Note 24. As at, and throughout, the financial year ending 30 June 2013 the parent entity of the Group was Kingsgate.