16) Earnings per share


Basic earnings per share are calculated by dividing consolidated net profit by the weighted average number of shares in circulation during the financial year. To calculate the average number of shares, the shares bought back and reissued for the employee share programmes are included pro rata temporis.

To calculate diluted earnings per share, the maximum number of common shares which can be issued when conversion rights from the convertible bond issued by Deutsche Lufthansa AG on 4 January 2002 are exercised are also added to the average. At the same time, the net profit or loss for the period is increased by the costs incurred for the convertible bond. The maximum number of shares that can arise from a conversion is 336,404 as in the previous year.

 

 

 

 

 

 

2011

2010

*

Rounded below EUR 1m.

Basic earnings per share

–0.03

2.47

Consolidated net profit/loss

€m

–13

1,131

Weighted average number of shares

 

457,907,886

457,934,014

 

 

 

 

Diluted earnings per share

–0.03

2.47

Consolidated net profit/loss

€m

–13

1,131

+ Interest expenses on the convertible bond

€m

+0*

+0*

– Current and deferred taxes

€m

–0*

–0*

Adjusted net profit/loss for the period

€m

–13

1,131

Weighted average number of shares

 

458,244,290

458,270,418

Earnings per share from continuing operations (basic and diluted) came to EUR 0.59 per share (previous year: EUR 2.80), whereas earnings per share from discontinued operations (basic and diluted) came to EUR –0.62 per share (previous year: EUR –0.33)

As the parent company of the Group, Deutsche Lufthansa AG reported distributable earnings of EUR 114m for the 2011 financial year. The Executive Board and Supervisory Board will table a proposal at the Annual General Meeting to be held on 8 May 2012 to pay a dividend of EUR 0.25 per share from this distributable profit.

In 2011 EUR 0.60 per share was distributed as a dividend from the net profit for 2010.