2.10 NET PROFIT AND EARNINGS PER SHARE
The calculation of basic earnings per share attributable to the Parent is as follows:
(Millions of euros) |
2017 |
2016 |
Net profit attributable to the Parent (millions of euros) |
454 |
376 |
Weighted average number of shares outstanding (thousands of shares) |
738,216 |
738,112 |
Less average number of treasury shares (thousands of shares) |
-7,324 |
-7,188 |
Average number of shares to calculate basic earnings per share |
730,892 |
730,923 |
Basic/diluted earnings per share (euros) |
0.62 |
0.51 |
Diluted earnings per share. At 31 December 2017 and 2016, the Group did not have any dilutive potential ordinary shares, since no convertible debt instruments were issued and the share-based remuneration schemes described in Note 6.7 will not give rise to any capital increases at the Group, as explained in that Note. Consequently, no dilutive impact is envisaged when employee rights under the plans are exercised.
The detail of net profit by geographical area is as follows:
(Millions of euros) |
2017 |
2016 |
CHANGE 17/16 |
||
|
|||||
Spain |
73 |
101 |
-28 |
||
UK |
66 |
-113 |
179 |
||
US |
34 |
87 |
-53 |
||
Australia (*) |
-23 |
5 |
-28 |
||
Canada |
105 |
93 |
12 |
||
Poland |
60 |
53 |
7 |
||
Other |
138 |
151 |
-13 |
||
Total |
454 |
376 |
78 |
||
The earnings by business segment are shown in Appendix III.