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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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Current and deferred taxes are recognised in the income statement with the exception of those relating to
items recognised directly in equity; such taxes are also accounted for directly in equity. Income taxes are
offset if they are levied by the same taxation authority, if there is a legal entitlement to offset them and if the
net balance is expected to be settled.
Other taxes not related to income, such as property tax, are reported in "Other expenses".
B.24 EARNINGS PER SHARE
(a) Basic earnings per share
Basic earnings per share are calculated by dividing the profit attributable to owners of the parent by the
weighted average number of ordinary shares outstanding during the year, excluding treasury shares.
(b) Diluted earnings per share
Diluted earnings per share are calculated by dividing the profit attributable to owners of the parent by the
weighted average number of ordinary shares outstanding during the year, excluding treasury shares. For the
purposes of calculating diluted earnings per share, the weighted average number of outstanding shares is
adjusted so as to include the exercise, by all those entitled, of rights with a potentially dilutive effect, while
the profit attributable to owners of the parent is adjusted to account for any effects, net of taxes, of exercising
such rights.
B.25 TREASURY SHARES
Treasury shares are reported as a deduction from equity. The original cost of treasury shares and revenue
arising from any subsequent sales are treated as movements in equity.