Notes to the Consolidated Financial Statements

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 held 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.

 

2014

2013

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

2,850 -4,067

 

   

Weighted average number of shares during the period

20,780,221 20,808,855

Diluting effect of stock options

- -

Diluted weighted average number of shares during the period

20,780,221 20,808,855

 

   

Basic earnings per share (EUR/share)

0.14 -0.20

Diluted earnings per share (EUR/share)

0.14 -0.20