Universal Registration Document 2019

63 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Consolidated financial statements 2 3.5.8.3 - Tax rates applied by LISI Group companies 2019 2018 Germany 30.00% 30.00% England 17.00% 19.00% Canada 26.90% 26.90% Spain 25.00% 25.00% USA 21.00% 21.00% France 34.43% 34.43% Czech Republic 19.00% 19.00% China 25.00% 25.00% Mexico 30.00% 30.00% 3.5.9  /  Earnings per share Net earnings per share (before dilution) are calculated on the ratio between the net profit for the period and the weighted number of shares in circulation during the period, after deduction of shares held by the Group (treasury shares). Net diluted earnings per share are calculated by including financial instruments that provide deferred access to the Group’s capital (stock options, share warrants, performance shares). The tables below indicate the reconciliation between the non- diluted and the diluted earnings per share. 12/31/2019 In thousands of euros Profit (loss) for the period Number of shares Net earnings per share in € Total shares 54,114,317 Treasury shares (880,256) BASIC EARNINGS PER SHARE 69,773 53,234,061 1.31 Restatement of performance shares being awarded 434,430 DILUTED EARNINGS PER SHARE 69,773 53,668,491 1.30 12/31/2018 In thousands of euros Profit (loss) for the period Number Net earnings per share in € Total shares 54,114,317 Treasury shares (914,553) BASIC EARNINGS PER SHARE 92,069 53,199,764 1.73 Restatement of performance shares being awarded 456,270 DILUTED EARNINGS PER SHARE 92,069 53,656,034 1.72 3.6  /  Additional information 3.6.1  /  Segment information The LISI Group presents its segment information in accordance with the criteria defined by IFRS 8. An operating segment is a component of an entity: ■ that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity); ■ whose operating results are regularly reviewed by the entity’s chief operating decision-maker with a view to making decisions about resources to be allocated to the segment and assess its performance; ■ and for which discrete financial information is available. The Group’s activities are spread over three business segments, in which the three divisions operate: ■ LISI AEROSPACE, which combines all the activities in the aerospace market; ■ LISI AUTOMOTIVE division, which covers all activities in the automotive market; ■ LISI MEDICAL, which covers all activities in the medical market. “Others” mainly include the activities of the Group’s parent company.