30. 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).
|
|
2020 |
|
2019 |
|---|---|---|---|---|
Net income/ loss attributable to shareholders of Clariant Ltd undiluted and diluted in CHF m |
|
|
|
|
Continuing operations |
|
92 |
|
–57 |
Discontinued operations |
|
666 |
|
67 |
Total |
|
758 |
|
10 |
|
|
|
|
|
Weighted average number of shares outstanding |
|
|
|
|
As per 1 January |
|
329 594 997 |
|
329 613 975 |
Effect of transactions with treasury shares on weighted average number of shares outstanding |
|
–77 353 |
|
–18 978 |
Weighted average number of shares outstanding at 31 December |
|
329 517 644 |
|
329 594 997 |
|
|
|
|
|
Adjustment for granted Clariant shares |
|
1 507 123 |
|
882 428 |
Weighted average diluted number of shares outstanding at 31 December |
|
331 024 767 |
|
330 477 425 |
|
|
|
|
|
Basic earnings/ loss per share attributable to shareholders of Clariant Ltd (CHF/share) |
|
|
|
|
Continuing operations |
|
0.28 |
|
–0.17 |
Discontinued operations |
|
2.02 |
|
0.20 |
Total |
|
2.30 |
|
0.03 |
|
|
|
|
|
Diluted earnings/ loss per share attributable to shareholders of Clariant Ltd (CHF/share) |
|
|
|
|
Continuing operations |
|
0.28 |
|
–0.17 |
Discontinued operations |
|
2.01 |
|
0.20 |
Total |
|
2.29 |
|
0.03 |
The dilution effect is triggered by 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 vested on January 1 of the respective period.
The effect of the services still to be rendered during the vesting period were taken into consideration.
Diluted earnings/losses per share are calculated adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares.
In 2020, a distribution of CHF 3.00 per share was made out of the capital contribution reserves and retained earnings (see note 17).