100
Notes to the Consolidated Financial Statements (continued)
23. Earnings per share
Basic earnings per share
Diluted earnings per share
Weighted average number of shares - basic and diluted
24. Income tax on other comprehensive income
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Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
The calculation of basic earnings per share for the period ended 31 December 2016 is based on the profit attributable to ordinary shareholders of
the Company (net profit) of EUR 1,540 million (2015: EUR 1,892 million) and a weighted average number of ordinary shares - basic outstanding
during the year ended 31 December 2016 of 569,737,210 (2015: 572,292,454). Basic earnings per share for the year amounted to EUR 2.70
(2015: EUR 3.31).
The calculation of diluted earnings per share for the period ended 31 December 2016 is based on the profit attributable to ordinary shareholders
of the Company (net profit) of EUR 1,540 million (2015: EUR 1,892 million) and a weighted average number of ordinary shares - basic outstanding
after adjustment for the dilutive effect of share based payment plan obligations of 570,370,392 (2015: 572,944,188). Diluted earnings per share
for the year amounted to EUR 2.70 (2015: EUR 3.30).
2016 2015
Total number of shares issued
576,002,613
576,002,613
Effect of own shares held
(6,265,403)
(3,710,159)
Weighted average number of basic shares for the year
569,737,210
572,292,454
Dilutive effect of share based payment plan obligations
633,182
651,734
Weighted average number of diluted shares for the year 570,370,392 572,944,188
2016
2015
In millions of EUR
Amount
before tax
Tax
Amount
net of tax
Amount
before tax
Tax
Amount
net of tax
Other comprehensive income
Actuarial gains and losses
(301)
49
(252)
128
(33)
95
Currency translation differences
(935)
27
(908)
(120)
77
(43)
Recycling of currency translation differences
to profit or loss
129
129
Effective portion of net investment hedges
44
44
15
15
Effective portion of changes in fair value
of cash flow hedges
18
(12)
6
(3)
26
23
Effective portion of cash flow hedges
transferred to profit or loss
53
(12)
41
36
(12)
24
Net change in fair value available-for-sale
investments
140
140
46
(3)
43
Recycling of fair value of available-for-sale
investments to profit or loss
(16)
(16)
Share of other comprehensive income
of associates/joint ventures
7
7
(981)
52
(929)
222
55
277