28. Earnings per Share (EPS)
Audited information- Index
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Earnings per share are calculated by dividing the Group net income by the average number of outstanding shares (issued shares less treasury shares).
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2017 |
2016 |
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Total net income attributable to shareholders of Clariant Ltd undiluted and diluted (in CHF m) |
277 |
253 |
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Weighted average number of shares outstanding |
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|
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As per 1 January |
323 712 538 |
322 202 845 |
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Effect of transactions with treasury shares on weighted average number of shares outstanding |
4 598 357 |
1 509 693 |
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Weighted average number of shares outstanding at 31 December |
328 310 895 |
323 712 538 |
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Adjustment for granted Clariant shares |
1 704 035 |
1 645 919 |
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Adjustment for dilutive share options |
— |
16 322 |
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Weighted average diluted number of shares outstanding at 31 December |
330 014 930 |
325 374 779 |
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|
|
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Basic earnings per share attributable to shareholders of Clariant Ltd (CHF/share) |
0.84 |
0.78 |
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Diluted earnings per share attributable to shareholders of Clariant Ltd (CHF/share) |
0.84 |
0.78 |
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 2017, a payout of CHF 0.45 per share was made out of the capital contribution reserves (see note 16).