Notes to the Consolidated Financial Statements – Contents

9. Earnings/(Loss) per Share

Basic earnings/(loss) per share are/is 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 financial year.
Diluted earnings/(loss) per share are/is calculated by dividing the 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).

in PLN m

Jan 1–Dec 31 2013 Jan 1–Dec 31 2012
Net profit/(loss) attributable to owners of the parent 1,918 2,242
Net profit/(loss) attributable to owners of the parent used to calculate diluted earnings/(loss) per share 1,918 2,242
Weighted average number of outstanding ordinary shares used to calculate basic earnings/(loss) per share (million)  5,900 5,900
Weighted average number of outstanding ordinary shares used to calculate diluted earnings/(loss) per share (million)  5,900 5,900
Basic earnings/(loss) per share for the year, attributable to holders of ordinary shares of the parent (PLN)  0.33 0.38
Diluted earnings/(loss) per share for the period, attributable to holders of ordinary shares of the parent (PLN)  0.33 0.38

The weighted average number of shares was computed in the manner presented in the table below:

Beginning of the period End of the period Number of outstanding ordinary shares (million) Number of days Weighted average number of shares (million)
Dec 31 2013        
Jan 1 2013 2013-12-31 5,900 365 5,900
Total     365 5,900
Dec 31 2012
Jan 1 2012 2012-12-31 5,900 366 5,900
Total     366 5,900