Urbanise.com Annual Report 2019

27. Remuneration of auditors 2019 $ 2018 $ Auditor of the parent entity Audit and review of the financial report 215,000 222,100 Non-audit services: – Assurance related – 50,000 – Taxation compliance – 12,500 Total remuneration of auditors 215,000 284,600 28. Loss per share 2019 2018 Basic earnings loss cent per share (i) (0.74) (6.02) Diluted earnings loss cent per share (ii) (0.74) (6.02) (i) Basic and diluted loss per share Net loss from operations (4,754,740) (27,560,041) 2019 Number 2018 Number Weighted average number of ordinary shares for the purposes of basic and diluted earnings per share Potentially dilutive instruments in the future: 639,283,252 457,630,119 Share performance rights 27,920,000 5,946,250 Share options 7,235,457 15,371,405 (ii) Diluted earnings/(loss) per share Potential ordinary shares are anti-dilutive and are therefore excluded from the weighted average number of ordinary shares for the purposes of diluted earnings per share. Accordingly, the number used to calculate the diluted earnings/ (loss) per share is the same as the number used to calculate the basic earnings/(loss) per share. 29. Share-based payments Employee share option and performance rights share plan Share options and share performance rights are granted to executives and staff as part of their remuneration package under the Employee Share Option Plan. There are no cash settlement alternatives. The Employee Share Option Plan is designed to provide long-term incentives for senior managers and staff (including Directors) to deliver long-term shareholder returns. Participation in the plan is at the Board’s discretion and there is no individual contractual right to participate in the plan or to receive any guaranteed benefits. Share based expenses recognised The expense recognised for share-based payments during the year is shown in the table below: 2019 $ 2018 $ Total expenses resulting from share-based payments 626,133 40,042 626,133 40,042 Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 75