Basic earnings per share are calculated by dividing profit attributable to shareholders of Volkswagen AG by the weighted average number of ordinary and preferred shares outstanding during the reporting period. Earnings per share are diluted by potential shares. These include stock options, although these are only dilutive if they result in the issuance of shares at a value below the average market price of the shares.
A dilutive effect arose in fiscal year 2011 from the eighth tranche of the stock option plan. However, it was so insignificant that it did not affect the reported earnings per share.
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Ordinary |
Preferred | ||||||
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Quantity |
2011 |
2010 |
2011 |
2010 | ||||
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Weighted average number of shares outstanding – basic |
295,068,426 |
295,024,566 |
170,142,778 |
154,905,434 | ||||
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Dilutive potential ordinary shares from the stock option plan |
7,508 |
9,792 |
0 |
0 | ||||
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Weighted average number of shares outstanding – diluted |
295,075,934 |
295,034,358 |
170,142,778 |
154,905,434 | ||||
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€ million |
2011 |
2010 | ||
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Profit after tax |
15,799 |
7,226 | ||
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Noncontrolling interests |
391 |
392 | ||
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Profit attributable to shareholders of Volkswagen AG |
15,409 |
6,835 | ||
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Basic earnings attributable to ordinary shares |
9,767 |
4,475 | ||
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Diluted earnings attributable to ordinary shares |
9,767 |
4,476 | ||
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Basic earnings attributable to preferred shares |
5,642 |
2,359 | ||
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Diluted earnings attributable to preferred shares |
5,642 |
2,359 |
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€ |
2011 |
2010 | ||
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Basic earnings per ordinary share |
33.10 |
15.17 | ||
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Diluted earnings per ordinary share |
33.10 |
15.17 | ||
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Basic earnings per preferred share |
33.16 |
15.23 | ||
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Diluted earnings per preferred share |
33.16 |
15.23 |
