Annual Report 2013 | Suomeksi |

15 Earnings and dividend per share

Download as Excel
Accounting policies + -
Earnings per share
Basic earnings per share is calculated by dividing the net profit attributable to the owners of the parent company by the weighted average number of ordinary shares in issue during the year, excluding ordinary shares purchased by the Group and held as treasury shares.
Diluted earnings per share is calculated adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. For the warrants and stock options a calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average annual market share price of the Fortum share) based on the monetary value of the subscription rights attached to outstanding stock options.
The number of shares calculated as above is deducted from the number of shares that would have been issued assuming the exercise of the stock options. The incremental shares obtained through the assumed exercise of the options and warrants are added to the weighted average number of shares outstanding.
Options and warrants have a dilutive effect only when the average market price of ordinary shares during the period exceeds the exercise price of the options or warrants. Previously reported earnings per share are not retroactively adjusted to reflect changes in price of ordinary shares.
Dividends
Dividends proposed by the Board of Directors are not recognised in the financial statements until they have been approved by the Company's shareholders at the Annual General Meeting.
15.1 Earnings per share
Earnings per share, basic
2013 2012
Profit attributable to owners of the parent (EUR million) 1,204 1,416
Weighted average number of shares (thousands) 888,367 888,367
Basic earnings per share (EUR ) 1.36 1.59
At the end of 2013 Fortum had no diluting stock option schemes.
15.2 Dividend per share
Dividends proposed by the Board of Directors are not recognised in the financial statements until they have been approved by the Company’s shareholders at the Annual General Meeting.
A dividend in respect of 2013 of EUR 1.10 per share, amounting to a total dividend of EUR 977 million based on the amount of shares registered as of 3 February 2014, is to be proposed at the Annual General Meeting on 8 April 2014. These Financial statements do not reflect this dividend.
A dividend in respect of 2012 of EUR 1.00 per share, amounting to a total dividend of EUR 888 million, was decided at the Annual General Meeting on 9 April 2013. The dividend was paid on 19 April 2013.
A dividend in respect of 2011 of EUR 1.00 per share, amounting to a total dividend of EUR 888 million, was decided at the Annual General Meeting on 11 April 2012. The dividend was paid on 23 April 2012.
X

Search Fortum Annual Report 2013

Start typing...

Search results