Basic earnings per share are calculated by dividing the net income attributable to shareholders by the weighted average number of shares outstanding during the year. The number of outstanding shares is calculated by deducting the average number of shares purchased and held as treasury shares from the total of all issued shares.
In CHF'000
2009
2008
Net income attributable to bearer shareholders
44 715
-13 350
Net income attributable to registered shareholders
4 265
-1 295
Total net income / (loss) attributable to equity holders
48 980
-14 645
Weighted average number of bearer shares outstanding
48 535 674
47 730 808
Weighted average number of registered shares outstanding
46 300 000
46 300 000
Basic earnings per share
Bearer shares
0.9213
-0.2797
Registered shares
0.0921
-0.0280
Diluted earnings per share
* Shares equivalent of 5 225 440 (2008: 5 225 440) relating to the convertible bonds were excluded from the calculation of diluted earnings per share as they were anti-dilutive. In 2008, the employee stock option plan was anti-dilutive since the strike price of the options was greater than the year average stock market price.
The diluted earnings per share calculation takes into account all potential dilutions to the earnings per share arising from the convertible bonds and options on Kudelski SA shares.
In CHF'000
2009
2008
Net income / (loss) attributed to equity holders of the company
48 980
-14 645
Elimination of interest expense on convertible debt *
–
–
Tax impact on above adjustments
–
–
Net income / (loss) used to determine earnings per share
48 980
-14 645
Of which:
– attributable to bearer shareholders
44 715
-13 350
– attributable to registered shareholders
4 265
-1 295
48 980
-14 645
Weighted average number of bearer shares outstanding
48 535 674
47 730 808
Effect of dilutive potential bearer share:
– employee stock option plan (ESOP) *
763
–
– convertible bond*
–
–
Weighted average number of bearer shares for the purpose of diluted earnings per share
48 536 437
47 730 808
Weighted average number of registered shares for the purpose of diluted earnings per share
