NOTE 12
Basic earnings per share is calculated by dividing the net profit attributable to the parent's equity holders by the weighted average number of shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average number of all shares to assume conversion of all potentially dilutive shares. The Group operates a share option scheme with a dilutive effect, which increases the number of shares. The share options have a dilutive effect when their exercise price is lower than the fair value of a share. The dilutive effect is the number of shares which has to be issued without consideration, because the Group could not use the assets received from the exercise of the share options to issue an equal number of shares at fair value. The fair value of a share is based on the average share price during the period.
| 2009 | 2008 | |
| Profit for the period attributable to equity holders of the parent | ||
| Continuing operations, € million | 125.2 | 178.2 |
| Discontinued operations, € million | - | 41.5 |
| Kesko total, € million | 125.2 | 219.7 |
| Number of shares | ||
| Weighted average number or shares outstanding | 98,061,761 | 97,795,685 |
| Effect of options granted | 320,423 | 460,550 |
| Diluted weighted average number of shares outstanding | 98,382,184 | 98,256,234 |
| Earnings per share from profit attributable to equity holders of the parent |
||
| Continuing operations | ||
| Basic, € | 1.28 | 1.82 |
| Diluted, € | 1.27 | 1.81 |
| Discontinued operations | ||
| Basic, € | - | 0.43 |
| Diluted, € | - | 0.43 |
| Kesko total | ||
| Basic, € | 1.28 | 2.25 |
| Diluted, € | 1.27 | 2.24 |