AECON GROUP INC 59 Reported as December 31 December 31 2012 2011 Direct costs and expenses 2631791 2622034 Marketing general and administrative expenses 157191 138832 Depreciation and amortization 63562 62548 Total expenses 2852544 2823414 28 OTHER INCOME Other income for the year ended was as follows December 31 December 31 2012 2011 Gain on disposal of a subsidiary 11539 Foreign exchange gains 174 309 Gain on sale of property plant and equipment 898 4373 Losses on legal provisions 2500 Total other income 1072 13721 In the third quarter of 2011 the Company sold its 306 interest in Derech Eretz Highways Management Corporation Limited the operator of the Cross Israel Highway as well as its interests in several affliates of the operator that operate other transportation infrastructure assets in Israel for proceeds of 14000 The resulting pretax gain on sale was 11539 In the fourth quarter of 2011 the Company settled a long outstanding legal dispute relating to its prior involvement in the construction of a grain terminal in Gdansk Poland The settlement resulted in a loss of 2500 in 2011 29 FINANCE COSTS Finance costs for the year ended were as follows December 31 December 31 2012 2011 Note Interest on longterm debt and debentures 17c 20548 31313 Interest on fnance leases 5432 2373 Interest on shortterm debt 3127 3077 Unwinding of discount on provisions 168 160 Total fnance costs 29275 36923 30 EARNINGS PER SHARE Details of the calculation of earnings per share are set out below December 31 December 31 2012 2011 Proft attributable to shareholders 77978 57553 Interest on convertible debentures net of tax 1 18524 18013 Fair value gain on convertible debentures net of tax 3142 3063 Diluted net earnings 93360 72503 Average number of common shares outstanding 52976520 53905613 Effect of dilutive securities 1 Options 88476 Convertible debentures 1 23099465 29915970 Shares held in trust account in respect of a longterm incentive plan 2800697 2511662 Weighted average number of diluted common shares outstanding 78965158 86333245 Basic earnings per share 147 107 Diluted earnings per share 1 118 084 1 When the impact of dilutive securities would be to increase the earnings per share or decrease the loss per share they are excluded for purposes of the calculation of diluted earnings loss per share 31 SUPPLEMENTARY CASH FLOW INFORMATION Change in other balances relating to operations For the year ended December 31 December 31 2012 2011 Decrease increase in Trade and other receivables 91949 18493 Unbilled revenue 82157 147643 Inventories 518 5270 Prepaid expenses 4278 2505 Decrease increase in Trade and other payables 100300 30265 Provisions 9620 1498 Deferred revenue 33654 26227 54568 66381