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Annual Report & Accounts 2005 - Notes to the Financial Statements
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11 Earnings per share The calculation of basic earnings per share at 31 December 2005 was based on the profit attributable to ordinary shareholders of e12,793,954 (2004: e373,040) and a weighted average number of ordinary shares outstanding during the year ended 31 December 2005 of 31,135,762 (2004: 15,555,381), calculated as follows: Profit attributable to ordinary shareholders Year ended 31 December 1 month period ended 31 December In thousands of euro 2005 2004 Profit attributable to ordinary shareholders 12,794 374 Weighted average number of ordinary shares Year ended 31 December 1 month period ended 31 December In shares 2005 2004 Issued ordinary shares at beginning of the year/period 31,135,762 25,000 Effect of shares issued in December 2004 ^ 15,555,381 Weighted average number of ordinary shares at end of the year/period 31,135,762 15,580,381 Earnings per share Year ended 31 December 1 month period ended 31 December In euro 2005 2004 Basic earnings per share 0.411 0.024 Diluted earnings per share The calculation of diluted earnings per share at 31 December 2005 was based on the profit attributable to ordinary shareholders of e12,793,954 (2004: e373,040) and a weighted average number of ordinary shares outstanding during the year ended 31 December 2005 of 31,135,762 (2004: 15,555,381), calculated as follows: Profit attributable to ordinary shareholders (diluted) Year ended 31 December 1 month period ended 31 December In thousands of euro 2005 2004 Profit attributable to ordinary shareholders (diluted) 12,794 374