33. Earnings per share

in € thousand   2010 2009
Average outstanding shares (diluted) no. 45,544,976 39,065,542
Average outstanding shares (basic) no. 45,544,976 39,065,542
       
Consolidated net profit attributable to Group shareholders in € thousand 81,817 34,367
       
Earnings per share (basic) in € 1.80 0.88
Earnings per share (diluted) in € 1.80 0.88

Basic earnings per share

Basic earnings per share are determined by dividing the net income for the period to which shareholders of Deutsche EuroShop AG are entitled by the weighted average number of shares outstanding within the reporting period.

Diluted earnings per share

For the calculation of diluted earnings per share, potential ordinary shares must be taken into account when determining the number of outstanding shares, and the net income for the period attributable to the shareholders of Deutsche EuroShop AG must be adjusted. As Deutsche EuroShop AG has no potential ordinary shares, the calculation of diluted earnings per share is the same as the method used to calculate basic earnings per share.

In order to take into account the capital increase conducted in the year under review, a pro-rata weighting and a retrospective adjustment of the number of shares must be applied in accordance with IAS 33 when determining the basic and diluted earnings per share. Please also refer to our detailed notes on equity. For this reason, the average number of outstanding shares in financial year 2010 was 45,544,976. The previous year’s figure was adjusted from 36,799,402 shares to 39,065,542 shares accordingly.

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