(16)Earnings Per Share
The calculation of basic earnings per share is based on the profit for the year attributable to the shareholders of the Parent divided by the weighted average number of ordinary shares in circulation throughout the year, excluding treasury stock.
Details of the calculation of basic earnings per share are as follows:
|
|
|
Thousands of Euros |
|
||||
|
|
|
31/12/2017 |
|
31/12/2016 |
|
31/12/2015 |
|
|
Profit for the year attributable to shareholders of the Parent (thousands of Euros) |
|
662,700 |
|
545,456 |
|
532,145 |
|
|
Weighted average number of ordinary shares outstanding |
|
684,197,276 |
|
683,225,815 |
|
683,549,316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share (Euros per share) |
|
0.97 |
|
0.80 |
|
0.78 |
|
|
|
|
|
|
|
|
|
|
The weighted average of the ordinary shares outstanding (basic) has been calculated taking into consideration the share split carried out on 4 January 2016 as follows:
|
|
|
Number of shares |
|
||||
|
|
|
31/12/2017 |
|
31/12/2016 |
|
31/12/2015 |
|
|
Issued shares outstanding at 1 January |
|
683,854,491 |
|
683,516,338 |
|
683,610,378 |
|
|
Effect of shares issued |
|
— |
|
— |
|
— |
|
|
Effect of treasury stock |
|
342,785 |
|
(290,523 |
) |
(61,062 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average weighted number of ordinary shares outstanding (basic) at 31 December |
|
684,197,276 |
|
683,225,815 |
|
683,549,316 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share are calculated by dividing profit for the year attributable to shareholders of the Parent by the weighted average number of ordinary shares in circulation considering the diluting effects of potential ordinary shares.
The RSU Plan granted by the Group and payable in shares, assumes the existence of dilutive potential shares. Diluted earnings per share have been calculated as follows:
|
|
|
Thousands of Euros |
|
||||
|
|
|
31/12/2017 |
|
31/12/2016 |
|
31/12/2015 |
|
|
Profit for the year attributable to shareholders of the Parent (thousands of Euros) |
|
662,700 |
|
545,456 |
|
532,145 |
|
|
Weighted average number of ordinary shares outstanding (diluted) |
|
684,243,891 |
|
684,170,887 |
|
683,924,426 |
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share (Euros per share) |
|
0.97 |
|
0.80 |
|
0.78 |
|
|
|
|
|
|
|
|
|
|
The weighted average number of ordinary shares outstanding diluted has been calculated as follows:
|
|
|
Number of shares |
|
||||
|
|
|
31/12/2017 |
|
31/12/2016 |
|
31/12/2015 |
|
|
Issued shares outstanding at 1 January |
|
683,854,491 |
|
683,988,460 |
|
683,610,378 |
|
|
Effect of RSU shares |
|
46,615 |
|
472,950 |
|
375,110 |
|
|
Effect of shares issued |
|
— |
|
— |
|
— |
|
|
Effect of treasury stock |
|
342,785 |
|
(290,523 |
) |
(61,062 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average weighted number of ordinary shares outstanding (diluted) at 31 December |
|
684,243,891 |
|
684,170,887 |
|
683,924,426 |
|
|
|
|
|
|
|
|
|
|