16. Earnings per share

Method of calculating earnings per share

Earnings per share for 2013 were calculated as the ratio of consolidated net profit attributable to equity holders for the 12 months ended 31 December 2013 to the weighted average number of shares during that period.

Weighted average number of shares during the period from 1 January to 31 December 2013 amounts to 193,159,397 shares; the change in relation to 2012 results from the repurchase of own shares in 2013.

Profit and weighted average number of common shares used to calculate basic earnings per share:

Net profit attributable to equity holders for the yearperiod ended 31/12/2013period ended 31/12/2012
From continuing operations 59,852 70,207
From discontinued operations 12,885 13,739
Total net profit to the parent company for the year 72,737 56,468
Weighted average number of common shares used to calculate earnings per (pcs) 193,159,397 193,801,912

Net profit attributable to equity holders per share (PLN/share)period ended 31/12/2013period ended 31/12/2012
From continuing operations 0.31 0.36
From discontinued operations 0.07 (0.07)
Net profit attributable to equity holders per share total (PLN/share) 0.38 0.29

There was no dilution of shares in the period covered by this report.