Nokia 2014 Annual Report Download - page 157

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155
Financial statements
NOKIA IN 2014
15. Earnings per share
EURm 2014 2013 2012
Basic
Prot/(loss) attributable to equity holders of the parent
Continuing operations 1 163 186 (771)
Discontinued operations 2 299 (801) (2 334)
Total 3 462 (615) (3 105)
Diluted
Elimination of interest expense, net of tax, on convertible bonds,
wheredilutive 60 – –
Prot/(loss) attributable to equity holders of the parent adjusted
for the eect of dilution
Continuing operations 1 223 186 (771)
Discontinued operations 2 299 (801) (2 334)
Total 3 522 (615) (3 105)
000s shares
Basic
Weighted average number of shares in issue 3 698 723 3 712 079 3 710 845
Eect of dilutive securities
Restricted shares and other 14 419 19 307 –
Stock options 3 351 1 978 –
Performance shares 1 327 – –
19 097 21 285 –
Assumed conversion of convertible bonds 413 782 – –
432 879 21 285 –
Diluted
Adjusted weighted average number of shares and assumed conversions
Continuing operations 4 131 602 3 733 364 3 710 845
Discontinued operations 4 131 602 3 712 079 3 710 845
Total 4 131 602 3 712 079 3 710 845
Earnings per share from Continuing and Discontinued operations (from profit/(loss)
attributable to equity holders of the parent) EUR EUR EUR
Basic earnings per share
Continuing operations 0.31 0.05 (0.21)
Discontinued operations 0.62 (0.22) (0.63)
Prot/(loss) for the year 0.94 (0.17) (0.84)
Diluted earnings per share
Continuing operations 0.30 0.05 (0.21)
Discontinued operations 0.56 (0.22) (0.63)
Prot/(loss) for the year 0.85 (0.17) (0.84)
Basic earnings per share is calculated by dividing the prot/(loss) attributable to equity holders of the parent by the weighted average number
of shares outstanding during the year, excluding shares purchased by the Group and held as treasury shares. Diluted earnings per share is
calculated by adjusting the prot/(loss) attributable to equity holders of the parent to eliminate the interest expense of dilutive convertible
bonds and by adjusting the weighted average number of shares outstanding with the dilutive eect of stock options, restricted shares and
performance shares outstanding during the period as well as the assumed conversion of convertible bonds.
There are no restricted shares outstanding (19 million in 2013 and 4 million in 2012) that could potentially have a dilutive impact in the future
but are excluded from the calculation as they are determined to be anti-dilutive.
Stock options equivalent to 2 million shares (16 million in 2013 and 22 million in 2012) have been excluded from the calculation of diluted shares
as they are determined to be anti-dilutive.
Fewer than 1 million performance shares (4 million in 2013 and 2 million in 2012) have been excluded from the calculation of diluted shares as
contingency conditions have not been met.