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13 Earnings per share

    2010-2011 2009-2010
       
(in EUR 000)      
Net profit attributable to ordinary shareholders of the parent A 114 166 97 341
Interest on convertible non-cumulative redeemable preference shares      
Net profit attributable to ordinary shareholders of the parent adjusted for the effect of effect van de convertible preference shares B 114 166 97 341
       
(in 000)      
Weighted average number of ordinary shares (excluding treasury shares) for basic earnings per share A 23 176 23 176
Effect of dilution      
Share options   - -
Redeemable preference shares   - -
Weighted average number of ordinary shares (excluding treasury shares) adjusted for the effect of dilution B 23 176 23 176
       
(in EUR)      
Earnings per share A 4.93 4.20
Earnings per share with effect of dilution B 4.93 4.20

Earnings per share is obtained by dividing the net profit attributable to the holders of ordinary shares of the parent company by the weighted average number of shares outstanding during the year.

The diluted earnings per share is calculated by dividing the net profit attributable to the holders of ordinary shares of the parent company (after deducting interest on convertible, redeemable, non-cumulative preference shares) by the sum of the weighted average number of outstanding shares during the year and the weighted average number of ordinary shares that would be issued upon the conversion into ordinary shares of all rights to ordinary shares having a potentially dilutive effect.

The table above gives information on the profit and shares figures used in calculating normal and diluted earnings per share.