Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Earnings Per Ordinary Share

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Earnings Per Ordinary Share
12 Months Ended
Dec. 31, 2011
Earnings Per Ordinary Share [Abstract]  
Earnings Per Ordinary Share

23. Earnings per ordinary share

     Basic and diluted earnings per share (EPS) is calculated by dividing net income by the weighted average of our ordinary shares outstanding. As disclosed in Note 18, there are 3.8 million share options and restricted shares outstanding under the NV Equity Plan, however the diluted earnings per ordinary share is insignificant and therefore not different from the basic earnings per ordinary share. The computations of basic and diluted earnings per ordinary share for the periods indicated below are shown in the following table:

    Year ended   Year ended   Year ended
    December 31, 2009   December 31, 2010   December 31, 2011
Net income for the computation of basic and diluted            
earnings per share $ 165,166 $ 207,573 $ 172,224
Weighted average ordinary shares outstanding   85,036,957   114,952,639   146,587,752
Basic and diluted earnings per ordinary share $ 1.94 $ 1.81 $ 1.17