2.10 NET PROFIT AND EARNINGS PER SHARE
The calculation of basic earnings per share attributable to the Parent is as follows:
|
2016 |
2015 |
Net profit attributable to the Parent (millions of euros) |
376 |
720 |
Weighted average number of shares outstanding (thousands of shares) |
738,112 |
735,635 |
Less average number of treasury shares (thousands of shares) |
-7,188 |
-3,775 |
Average number of shares to calculate basic earnings per share |
730,923 |
731,860 |
Basic earnings per share (euros) |
0.51 |
0.98 |
Diluted earnings per share: at 31 December 2016 and 2015, the Group did not have any dilutive potential ordinary shares, since no convertible debt instruments were issued and the share-based or stock option remuneration plans discussed 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 by geographical area is as follows:
(Millions of euros) |
2016 |
2015 |
Change 16/15 |
Spain |
101 |
139 |
-38 |
UK |
-76 |
241 |
-317 |
US |
102 |
232 |
-130 |
Australia |
-30 |
-4 |
-27 |
Canada |
102 |
70 |
32 |
Poland |
53 |
15 |
37 |
Other |
125 |
26 |
99 |
TOTAL |
376 |
720 |
-344 |
The earnings by business segment are shown in Appendix III.