Notes to the Consolidated Financial Statement

 

13. Earnings per share

Basic earnings per share are calculated by dividing the earnings before tax for the accounting period attributable to the parent company’s shareholders by the weighted average of shares outstanding during the accounting period. Own shares possessed by the company are not included in the calculation of the weighted average of shares outstanding. The calculation of diluted earnings per share includes consideration of the diluting effect of stock options on the weighted average number of shares. Stock options have a diluting effect if their exercise price is lower than the fair value of the share.

 

2011

2010

Profit for the period attributable to parent company shareholders (€ 000)

-22,452

11,474

 

 

 

Weighted average number of shares during the period

20,701,877

20,626,817

Diluting effect of stock options

-

5,187

Diluted weighted average number of shares during the period

20,701,877

20,632,004

 

 

 

Basic earnings per share (EUR/share)

-1.08

0.56

Diluted earnings per share (EUR/share)

-1.08

0.56