Accounting policy

The basic earnings per share are obtained by dividing profit for the year by the number of shares.

The diluted earnings per share are obtained by dividing profit for the year by the number of  shares plus the number of potentially diluting shares attached to the issuance of share options. For the purpose of calculating diluted earnings per share, there were no adjusting elements to profit for the year (Solvay share).

Basic and diluted amounts per share for discontinued operations are presented in the consolidated income statement.

Number of shares (in thousands)

 

2016

 

2015

Weighted average number of ordinary shares (basic)

 

103,294

 

83,738

Dilution effect of subscription rights

 

315

 

565

Weighted average number of ordinary shares (diluted)

 

103,609

 

84,303

In € million

 

2016

 

2015

 

Basic

 

Diluted

 

Basic

 

Diluted

Profit for the year (Solvay share) including discontinued operations (in € thousands)

 

620,964

 

620,964

 

405,835

 

405,835

Profit for the year (Solvay share) excluding discontinued operations (in € thousands)

 

640,017

 

640,017

 

370,259

 

370,259

Earnings per share (including discontinued operations) (in €)

 

6.01

 

5.99

 

4.85

 

4.81

Earnings per share (excluding discontinued operations) (in €)

 

6.20

 

6.18

 

4.42

 

4.39

The weighted average number of shares for 2015 takes into account the shares issued on December 21, 2015, which were outstanding for a period of 10 days.

Full data per share, including dividend per share, can be found in the Business Review section.

The average closing price during 2016 was € 92.41 per share (2015: € 115.08 per share). Based on this average closing price all share options were in the money, and therefore dilutive, for the presented period (see note F35 Share-based payments).