 We are still on earning per share and here we are going to talk about conversion of potential shares into the ordinary shares and how they affect on the earning per share. Silk company has 8.5 million ordinary shares on January 1st, 2018 and during 2018 it did not issue any ordinary share. So, in the beginning you have 8.5 million shares. In addition to these shares, silk company also had the following convertable loans in issue in 2018. You have done convertable bonds or convertable debenture, whatever you have done, I have kept these two, it is 12% and it is 15%. Here 12% loan which is convertable 4 years time at the rate of 1 share per 10 rupees of loan. Note that when we talk about conversion, there is no time frame in this. We assume that it has been converted in the beginning of the year, it is written that you have to convert it within 4 years but because it has been issued, that is why we have to assume for diluted earning per share that it has been converted in the beginning. Now, following one of the 15 shares, you have 2 years time but the rate again is 1 share, in exchange of 16 rupees, you have to give 1 share, in the first case you have to give 1 share in exchange of 10 rupees and in the second case you have to give 1 share in exchange of 16 rupees. Following also relevant, that is the earning of 2018 is 10.2 million and the income tax rate is 35%. Now, compute the basic earning per share, let us see the basic earning per share. For example, earning is number of share outstanding, 10.2 million divided by 8.5 so it comes to 1.2. Now, let us see first of all, what will be the impact of 12% loan in our earning and numbers. Interest saved, if you take 12% of that loan of 2.5 million, that is 300,000 and from this, if you minus the tax then the balance is saved, you have 195. Remember that when you are taking out the interest from there, then you will have to get the tax. That is why the income you are adding, you have to get the net of tax. Now, how much total earning will be done? You see, 10 million was in the beginning and because of this, the saving you got is 195. So total earning has become your 10.395,000 and the number of shares has become 255. If you are issuing one share in exchange for every 10 rupees, then the number of shares will become 250 and the total number of shares will be 8.75 million and the earning per share will be 1.8 million. Now, see, there was 1.2 in the basics and what has been deleted is that it has become 1.8 million. So it means our earning has deleted and that should be reported in the balance sheet, sorry, in the income statement, footnote. Now, if we look at the 15% bond, then you have on 15% on 3 lakhs, 300,000 and if you minus the tax, then it becomes 292.500. And the number of shares you have to issue on 16 rupees, so if you divide 3 million from 16, then it becomes 187.5. Now, this is incremental. So, see in incremental, the rate that you have issued, the earning per share has come out to be 1.5 stick, whereas the basic is 1.2. So, in this case, earning increased. So that is anti-dialuted and that should not be recorded and that should not be reported. Only the diluted earning per share is supposed to be recorded. If you look at the total, the total earning is 292.500 plus 10,495.500. Divide the number of shares, so that becomes 1.3. Again, it is anti-dialuted because 1.2 and 1.3. So, anti-dialuted is not supposed to be recorded. Thank you very much.