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Earnings per Share

29. Basic earnings per share is calculated by dividing the net profit attributable to equity holders of the Parent by the weighted average outstanding number of shares during the period and shows the earnings per each share. The calculation of diluted earnings per share takes into consideration the issued convertible notes when calculating the share capital.

Pro forma 2007 2006
Profit attributable to ordinary equity holders of the parent company:
Profit for the year attributable to equity holders of the Parent 251 2.621
Weighted average number of ordinary shares
in million shares
Issued ordinary shares at beginning of year 1.000 1.000
Effect of bought own shares ( 9 ) 0
Weighted average number of ordinary shares at 31 December 991 1.000


Pro forma
Weighted average number of ordinary shares (diluted) in million shares 2007 2006
Weighted average number of ordinary shares (basic) 991 1.000
Effect of share options ( 1 ) 0
Weighted average number of ordinary shares (diluted) at 31 December 990 1.000
Earnings per share:
Basic earnings per share (ISK) 0,25 2,62
Diluted earnings per share (ISK) 0,25 2,62




 



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