G12 Earnings per share

Basic and diluted earnings per share, SEK

 

Basic

Diluted

 

 

 

 

 

 

2019

2020

2019

2020

Earnings per share, group total

6.81

6.96

6.79

6.95

Earnings per share, continuing operations

6.97

6.99

6.96

6.98

The calculation of the numerators and denominators used in the above calculations of earnings per share is presented below.

 

2019

2020

Profit for the year attributable to the owners of the Parent Company, group total

8,539

8,735

Profit for the year attributable to owners of the Parent Company, continuing operations

8,744

8,767

Basic earnings per share

The calculation of earnings per share is based on the profit for the year attributable to the equity holders of the Parent Company divided by the weighted average numbers of shares outstanding during the year. The earnings per share is calculated both for the group total as well as for the continuing operations.

Weighted average number of shares basic

In thousands of shares

2019

2020

Total number of ordinary shares at January 1

1,254,386

1,254,386

Weighted average number of shares outstanding during the year, basic

1,254,386

1,254,386

Diluted earnings per share

The calculation of diluted earnings per share is based on the profit for the year attributable to the equity holders of the Parent Company divided by the weighted average numbers of shares outstanding during the year, diluted. The earnings per share is calculated both for the group total as well as for the continuing operations.

Weighted average number of shares diluted

In thousands of shares

2019

2020

Total number of ordinary shares at January 1

1,254,386

1,254,386

Effect of share options

2,580

1,669

Weighted average number of shares outstanding during the year, diluted

1,256,965

1,256,055

Diluted earnings per share is related to outstanding share-based LTI programs for 2018 and 2019. For LTI program for 2020 no performance shares will be allotted since the performance targets set by the Board of Directors were not met. Further information about the LTI programs are found in note G4.

ACCOUNTING PRINCIPLES

Earnings per share

The calculation of basic earnings per share is based on the profit or loss attributable to ordinary equity holders of the Parent Company and the weighted average number of ordinary shares outstanding during the year. When calculating diluted earnings per share, the weighted average number of shares outstanding is adjusted for the effects of all dilutive potential ordinary shares, which during reported periods relates to share-based payment arrangements issued to employees. The shared-based awards are dilutive if the exercise price is less than the quoted stock price and increases with the size of the difference.