Notes to the consolidated financial statements

18. Earnings per share

Download note 18 in XLS

Basic earnings per share are calculated by dividing net profit attributable to ordinary equity holders of the Bank by the weighted average number of ordinary shares outstanding during the period.

Presented below is information about the earnings and shares which served as the bases for calculation of the basic earnings per share:

	Period from 1 January 2013  to 31 December 2013	Period from 1 January 2012 to 31 December 2012 (restated)
Net prof it (loss) attributable to equity holders of the parent	36,027	38,949
Weighted average number of ordinary shares	9,729,040	9,729,040
Earnings per share (PLN)	3.7	4.0

Diluted earnings per share

In the analyzed period the Bank did not issue any convertible bonds or share options. The share capital is composed of ordinary shares only (non-preference shares). Consequently, diluted earnings per share are equal to basic earnings per share. Between the end of the financial period and the date of preparation of these consolidated financial statements, there were no other transactions involving ordinary shares or potential ordinary shares.