Note 32: Loss per share
The loss per share is calculated by dividing loss for the year by the weighted average number of ordinary shares outstanding during the period. As the Group is incurring net losses, outstanding warrants have an anti-dilutive effect. As such, there is no difference between the basic and the diluted earnings per share. In case the warrants would be included in the calculation of the loss per share, this would decrease the loss per share.
| (€‘000) | As of December 31, | |||||||||||
| 2017 | 2016 | 2015 | ||||||||||
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Loss of the year attributable to Equity Holders |
(56,395 | ) | (23,606 | ) | (29,114 | ) | ||||||
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Weighted average number of shares outstanding |
9,627,601 | 9,313,603 | 8,481,583 | |||||||||
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Earnings per share (non-fully diluted) |
(5.86 | ) | (2.53 | ) | (3.43 | ) | ||||||
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Outstanding warrants |
674,962 | 571,444 | 319,330 | |||||||||
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