26. EARNINGS PER SHARE
The following table shows the net income and the number of shares that have been used for the calculation of the basic and diluted earnings per share:
2017 | 2016 | 2015 | ||||||||||
Net income |
12,340 | (28,237 | ) | 4,579 | ||||||||
Average number of shares outstanding |
392,625,259 | 391,497,615 | 392,101,191 | |||||||||
Basic and diluted earnings per share |
31.43 | (72.13 | ) | 11.68 |
Basic and diluted earnings per share are calculated as shown in Note 2.b.13).