Anti-dilutive potential ordinary shares

IF EPS doesn't decrease when diluted they are called anti-dilutive and are not included in the calculation
Steps:
Step 1: Calculate Earnings per incremental shares
Step 2: Rank them most dilutive to least dilutive
Step 3: Compute diluted EPS

Suggested workings for Mestrovic d.o.o.

Net profit Ordinary

Step 3: attributable shares Per share
2015 profits 956,234
LESS: preference share dividends (26,000)
930,234 500,000

ADD: Newly issued shares 0 60,000

Time-weighting from 1 June 0 0.41
Adjusted for issue date 0 24,822
Basic EPS 930,234 524,822 1.77

1) Loan 20,800 160,000

951,034 660,000 1.44
2) Redeemed bonds
ADD: Newly issued shares 19,500 60,000
Time-weighting from 1 June 0.59 0.59
Adjusted for issue date 11,433 35,400

962,467 695,400 1.38

3) Unredeemed bonds 19,500 7,500

981,967 702,900 1.40 Unredeemed bonds - anti-dilutive, ex

included in the calculation

Step 1:
Dilutive? Interest Shares to Interest
or dividend be issued per share Dilutive?
after tax
Redeemed bonds 19,500 60,000 0.33 Dilutive
Unredeemed bonds 19,500 7,500 2.60 Anti-dilutive
Loan 20,800 160,000 0.13 Dilutive

Step 2: Rank them most dilutive to least dilutive

1 Loan
2 Redeemed bonds
3 Unredeemed bonds

Unredeemed bonds - anti-dilutive, exclude