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FINANCIAL STATEMENTS AND MANAGEMENT. ANNUAL CORPORATE GOVERNANCE REPORT. BALANCE SHEETS 2012
23.8 Operating leases
The breakdown of “Operating leases” in 2012 and 2011 is as follows:
(Thousands of euros)
2012
2011
Minimum lease payments under operating
leases recognized in profit or loss
977
1,492
977
1,492
The future operating lease obligations assumed by the Group fall due at one year and are for amounts similar to those
for 2012.
24. EARNINGS PER SHARE
The calculation of the weighted average number of shares outstanding and diluted at December 31, 2012 and 2011 is
as follows:
12/31/12
12/31/11
Total shares issued
406,861,426
406,861,426
Less: treasury shares
(6,419,259)
(6,419,259)
Total shares outstanding
400,442,167
400,442,167
Dilutive effect of share options and free delivery of shares
11,171
1,171,096
Total number of shares for calculating diluted earnings per share 400,453,344
401,613,263
24.1 Basic earnings per share
Basic earnings per share are calculated by dividing the net profit or loss attributable to the Group by the weighted
average number of shares outstanding during the year, excluding the average number of treasury shares held in the year.
Accordingly:
2012
2011
Change
Net profit for the year (thousands of euros)
50,143
110,519
(60,376)
Number of shares outstanding
400,442,167 400,442,167
-
Basic earnings per share (euros)
0.13
0.28
(0.15)