FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 35
EARNINGS PER SHARE
Basic earnings per share
Basic earnings per share is calculated by dividing profit for the period
attributable to owners of the parent by the weighted average number
of ordinary shares outstanding during the period, excluding treasury
shares.
As specified in the Odirnane indenture, Assystem SA is required to pay
coupons on the Odirnane bonds when it pays a dividend. Consequently,
for the purpose of calculating basic earnings per share, profit for the
period attributable to owners of the parent is adjusted to exclude the
Odirnane coupons.
2015
2014
Profit attributable to owners of the parent
27.2
21.8
Coupons on Odirnane bonds (convertible into shares)
(7.2)
(3.3)
Basic earnings attributable to owners of the parent
20.0
18.5
Weighted average number of ordinary shares outstanding during the year
21,595,143
20,751,174
BASIC EARNINGS PER SHARE
(in euros)
0.93
0.89
Diluted earnings per share
Diluted earnings per share is determined by adjusting the weighted
average number of ordinary shares outstanding during the period for
the impact of all dilutive potential ordinary shares. Dilutive potential
ordinary shares correspond to:
●
free share awards with or without performance conditions;
●
redemption of the Ornane bonds in shares;
●
redemption of the Odirnane bonds in shares.
In 2015 and 2014 diluted earnings per share would have been higher
than basic earnings per share. Consequently, in accordance with
IAS 33, diluted earnings per share for these two years is considered
to be the same as basic earnings per share,
i.e.
€0.93 and €0.89
respectively.
The Group’s potentially dilutive instruments are as follows:
●
all free shares with or without performance conditions that have not
yet been delivered, representing 39,150 shares (see Note 26 –
Share-based payment);
●
shares issued to redeem the Ornane bonds, representing
1,259,555 shares based on a conversion ratio of 1.02 shares for
one bond;
●
shares issued to redeem the Odirnane bonds, representing
5,602,240 shares based on a conversion ratio of one share for
one bond.
NOTE 36
DIVIDEND PER SHARE
2016 *
2015
2014
Date of dividend payout from prior-year profit
By 30/06/2016 23/06/2015 26/06/2014
Date on which dividend payout on prior-year profit was proposed
to shareholders at the AGM
24/05/2016 22/05/2015 22/05/2014
Total dividend
(in millions of euros)
paid out from prior-year profit *
NC
16.2
9.9
Dividend per share
(in euros)
paid out from prior-year profit
0.80
0.75
0.45
* Subject to shareholder approval at the AGM.
ASSYSTEM
FINANCIAL REPORT
2015
123