Audited information

Earnings per share are calculated by dividing the Group net income by the average number of outstanding shares (issued shares less treasury shares).

 

 

2015

 

2014

Net income attributable to shareholders of Clariant Ltd undiluted and diluted (CHF m)

 

 

 

 

Continuing operations

 

217

 

175

Discontinued operations

 

12

 

–23

Total

 

229

 

152

 

 

 

 

 

Weighted average number of shares outstanding

 

 

 

 

As per 1 January

 

319 689 210

 

312 611 085

Effect of transactions with treasury shares on weighted average number of shares outstanding

 

2 513 635

 

7 078 125

Weighted average number of shares outstanding at 31 December

 

322 202 845

 

319 689 210

 

 

 

 

 

Adjustment for granted Clariant shares

 

2 089 675

 

2 120 278

Adjustment for dilutive share options

 

90 692

 

145 410

Weighted average diluted number of shares outstanding at 31 December

 

324 383 212

 

321 954 898

 

 

 

 

 

Basic earnings per share attributable to shareholders of Clariant Ltd (CHF/share)

 

 

 

 

Continuing operations

 

0.67

 

0.55

Discontinued operations

 

0.04

 

–0.07

Total

 

0.71

 

0.48

 

 

 

 

 

Diluted earnings per share attributable to shareholders of Clariant Ltd (CHF/share)

 

 

 

 

Continuing operations

 

0.67

 

0.54

Discontinued operations

 

0.04

 

–0.07

Total

 

0.71

 

0.47

The dilution effect is triggered by two different items. One is the effect of Clariant shares granted as part of the share-based payment plan, which have not yet vested. To calculate this dilutive potential it is assumed that they had vested on 1 January of the respective period.

The second item is the effect of options granted as part of the share-based payment plan, which have not yet vested. To calculate this dilutive potential, it is assumed that all options which were in the money at the end of the respective period had been exercised on 1 January of the same period. The effect of the services still to be rendered during the vesting period were taken into consideration. Diluted earnings per share are calculated adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares.

In 2015, a payout of CHF 0.40 per share was made out of the capital contribution reserves (see ).

FURTHER READING