8.2. Earnings per share
Accounting policies
Basic earnings per share are calculated by dividing net profit/(loss) attributable to holders of the Parent’s ordinary shares for a given reporting period by the weighted average number of outstanding ordinary shares in the reporting period.
Diluted earnings per share are calculated by dividing net profit/(loss) attributable to holders of the ordinary shares for a given reporting period (less interest on redeemable preference shares convertible into ordinary shares) by the weighted average number of outstanding ordinary shares in the reporting period (adjusted for the effect of dilutive options and dilutive redeemable preference shares convertible into ordinary shares).
The Group’s diluted earnings per share are equal to basic earnings per share because the Group has no instruments with a dilutive effect.
Earnings per share and the weighted average number of ordinary shares are presented in the consolidated statement of profit or loss. Computation of the weighted average number of shares in 2016, taking into account the share buy-back performed in 2016, is presented below.
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| Beginning of period | End of the period | Number of outstanding ordinary shares | Number of days | Weighted average number of shares |
|---|---|---|---|---|
| 2015-12-31 | 2016-09-07 | 5,900 | 251 | 4,046 |
| 2016-09-07 | 2016-11-14 | 5,807 | 68 | 1,079 |
| 2016-11-14 | 2016-12-31 | 5,778 | 47 | 742 |
| 366 | 5,867 |
- 8.1. Share capital and share premium
- 8.2. Earnings per share
- 8.3. Assets held for sale
- 8.4. Other assets
- 8.5. Contingent assets and liabilities
- 8.6. Joint operations
- 8.7. Changes in the Group structure in the reporting period
- 8.8. Business combinations
- 8.9. Other important information
- 8.10. Events subsequent to the end of the reporting period
