TomTom 2011 Annual Report Download - page 60

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TomTom Annual Report and Accounts 2011
58
Notes to the Consolidated Financial Statements | continued
12. EARNINGS PER SHARE (CONTINUED)
2011 2010
NUMBER OF SHARES
Weighted average number of ordinary shares for basic earnings per share 221,874,248 221,723,538
EFFECT OF DILUTIVE POTENTIAL ORDINARY SHARES
Share options and restricted stocks 29,686 316,812
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES FOR DILUTED EARNINGS PER SHARE 221,903,934 222,040,350
EARNINGS PER SHARE (IN €)
Basic – 1.97 0.49
Diluted – 1.97 0.49
ADJUSTED EARNINGS PER SHARE1 (IN €)
Basic 0.55 0.70
Diluted 0.55 0.70
1 Adjusted earnings per share is not an IFRS performance measure and hence is not comparable across companies.
Basic earnings per share
Basic earnings per share is calculated by dividing the profi t attributable to equity holders of the company by the weighted average number
of ordinary shares outstanding during the year.
Diluted earnings per share
Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion
of all potential dilutive ordinary shares arising from share options and other equity-settled share-based plans. For the share options,
a calculation is performed to determine the number of shares that could have been acquired at fair value (determined as the average
annual market share price of the company’s shares), based on the monetary value of the subscription rights attached to outstanding share
options. The number of shares calculated as above is compared with the number of shares that would have been issued, assuming the
exercise of the share options.
Adjusted earnings per share
Adjusted earnings per share is calculated by dividing the adjusted earnings by the weighted average number of ordinary and diluted shares
outstanding during the year.