| r) | Basic and diluted (losses) / earnings per share |
Basic earnings per share as of December 31, 2017, 2016 and 2015 was calculated by dividing the amount of income or loss attributable to Shareholders of the Company by the weighted average number of ordinary shares outstanding during the fiscal year (794,495,283 shares). There are no transactions or concepts that generate a dilutive effect, therefore the diluted earnings per share equals the basic earnings per share.
