69 / 140
23. Earnings per share
Basic earnings per share
Basic earnings per share are calculated by dividing the profit for the period attributable to
holders of ordinary equity instruments of the Parent by the weighted average number of
ordinary shares outstanding in the period.
Accordingly:
2015
2014
Net profit for the year attributable to the Parent
(thousands of euros)
99,234
46,730
Weighted average number of shares outstanding
(thousands of shares)
225,733
225,733
Basic earnings per share (euros)
0.440
0.207
Average number of shares outstanding including treasury shares since they are considered to
be shares outstanding.
The diluted earnings per share coincide with basic earnings per share since there are no
equity instruments with a dilutive effect.
24. Proposed distribution of profit
The proposed distribution of the profit for the year that the Parent's directors will submit for
approval by the shareholders at the Annual General Meeting is as follows (in thousands of
euros):
2015
Interim dividends paid in 2015 (EUR 0.18/share)
40,490
Maximum final dividend (EUR 0.18/share)
40,632
To voluntary reserves
8,381
Total
89,503
At the Company's Board of Directors meeting held on 18 November 2015 it was resolved to
distribute out of the Company's profit for 2015 a gross amount of eighteen euro cents (EUR
0.18) for each of the shares entitled to receive this interim dividend, implying a total
dividend of EUR 40,490 thousand, which were recognised under “Equity - Interim Dividend”
in the accompanying consolidated balance sheet.