Notes to the financial statements
15. Earnings per Share
Earnings per share for each period are calculated by dividing the profit from continuing operations for a given period by the weighted average number of shares in the period.
|
Year ended Dec 31 2010 |
Year ended Dec 31 2009 |
|
|---|---|---|
| Profit from continuing operations attributable to owners of the parent (PLN '000) (A) | 679,180 | 900,761 |
| Weighted average number of shares (in thousands) (B) | 129,873 | 121,144 (1) |
| Earnings per share (PLN) (A/B) | 5.23 | 7.44 |
(1) Earnings per share were computed on the basis of the weighted average number of shares in the period January 1st – December 31st 2009. In connection with the registration of a share capital increase at Grupa LOTOS S.A. on July 17th 2009, the weighted average number of shares includes new Series C shares issued as part of the new issue (see Note 32).
The Group does not present diluted earnings per share, since it has no instruments with a potential dilutive effect.
This is a translation of a document originally issued in Polish
The notes to the financial statements, presented on following pages, are their integral part.
