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CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED MANAGEMENT REPORT 2015
25. EARNINGS PER SHARE
The calculation of the weighted average number of shares outstanding and diluted at December 31, 2015 and 2014 is
as follows:
12/31/15
12/31/14
Total shares issued
366,175,284
406,861,426
Less: treasury shares
(17,858,918)
(19,859,706)
Total shares outstanding
348,316,366
387,001,720
Dilutive effect of share options and free delivery of shares
237,795
392,078
Total number of shares for calculating diluted earnings per share
348,554,161
387,393,798
25.1. 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:
12/31/15
12/31/14
Change
Net profit for the year (thousands of euros)
166,167
59,492
106,675
Number of shares outstanding
348,316,366
387,001,720
(38,685,354)
Basic earnings per share (euros)
0.48
0.15
0.32
25.2. Diluted earnings per share:
Diluted earnings per share are calculated by dividing the net profit or loss for the year attributable to ordinary shareholders
adjusted for the effect attributable to the dilutive potential ordinary shares by the weighted average number of ordinary
shares outstanding in the year, adjusted by the weighted average number of ordinary shares that would be issued on
the conversion of all the dilutive potential ordinary shares into ordinary shares of the Company. For these purposes, the
conversion is deemed to take place at the beginning of the year or on the date of issue of the potential ordinary shares
if such shares had been issued during the reporting period.
Accordingly:
12/31/15
12/31/14
Change
Net profit for the year (thousands of euros)
166,167
59,492
106,675
Number of shares for calculating diluted earnings per share
348,554,161 387,393,798 (38,839,637)
Diluted earnings per share (euros)
0.48
0.15
0.32