15. Earnings per share

Earnings per share for 12 months

 
  Year ended 31 December
  2014 2013
Basic:
Net profit attributable to Owners of mBank S.A. 1 286 668 1 206 375
Weighted average number of ordinary shares 42 189 705 42 155 456
Net basic profit per share (in PLN per share) 30.50 28.62
Diluted:

Net profit attributable to Owners of mBank S.A., applied for calculation of diluted earnings per share

1 286 668 1 206 375
Weighted average number of ordinary shares 42 189 705 42 155 456
Adjustments for:    
- share options 31 590 12 035

Weighted average number of ordinary shares for calculation of diluted earnings per share

42 221 295 42 167 491
Diluted earnings per share (in PLN per share) 30.47 28.61
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According to IAS 33, the Bank prepares a calculation of the ‘diluted earnings per share’ taking into account contingently issuable shares as part of the incentive programmes described in the Note 44. The calculations did not include those elements of the incentive programmes, which were antidilutive for the presented periods that could potentially dilute basic earnings per share in the future.

The basic earnings per share are computed as the quotient of the Bank stockholders' share of the profit and the weighted average number of ordinary shares during the year.

The diluted earnings per share are calculated by adjusting the weighted average number of ordinary shares as if all possible ordinary shares causing the dilution were replaced with shares. The Bank has one category of potential ordinary shares causing the dilution: share options. The number of diluting shares is computed as the number of shares that would be issued if all share options were executed at the market price, determined as the average annual closing price of the Bank’s shares.