13 | EARNINGS PER SHARE |
(a) | Basic earnings per share |
The calculation of basic earnings per share for the year is based on the profit attributable to equity shareholders of the Company of RMB114,279,000,000 (2016: RMB108,741,000,000; 2015: RMB108,539,000,000) and the weighted average number of 20,475,482,897 shares (2016: 20,475,482,897 shares; 2015: 20,473,119,088 shares) in issue during the year, calculated as follows:
Weighted average number of shares
2017 | 2016 | 2015 | ||||||||||
Number of shares |
Number of shares |
Number of shares |
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Issued shares as of January 1 |
20,475,482,897 | 20,475,482,897 | 20,438,426,514 | |||||||||
Effect of share options exercised |
— | — | 34,692,574 | |||||||||
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Weighted average number of shares in issue during the year |
20,475,482,897 | 20,475,482,897 | 20,473,119,088 | |||||||||
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(b) | Diluted earnings per share |
The calculation of diluted earnings per share for the year is based on the profit attributable to equity shareholders of the Company of RMB114,279,000,000 (2016: RMB108,741,000,000; 2015: RMB108,539,000,000) and the weighted average number of 20,475,482,897 shares (2016: 20,475,482,897 shares; 2015: 20,479,705,763 shares), calculated as follows:
Weighted average number of shares (diluted)
2017 | 2016 | 2015 | ||||||||||
Number of shares |
Number of shares |
Number of shares |
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Weighted average number of shares in issue during the year |
20,475,482,897 | 20,475,482,897 | 20,473,119,088 | |||||||||
Dilutive equivalent shares arising from share options |
— | — | 6,586,675 | |||||||||
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Weighted average number of shares (diluted) during the year |
20,475,482,897 | 20,475,482,897 | 20,479,705,763 | |||||||||
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In 2016 and 2017, there was no dilutive potential ordinary shares of the Company outstanding (note 33). Therefore, there was no dilution impact on weighted average number of shares (diluted) of the Company.