11. Income/loss (-) per share

Financial statements

Basic income/loss (–) per share is calculated by dividing the net income/loss (–) attributable to owners of the parent by the weighted average number of ordinary shares issued during the year. Diluted income/loss (–) per share is calculated based on the weighted average number of shares (diluted) also considering outstanding warrants, for which our average share price of the year was higher than the exercise price.

Income / loss per share

 

 

 

 

Year ended 31 December

 

2017

2016

Net income / loss (–) attributable to owners of the parent (thousands of €)

(115,704)

54,012

 

 

 

Number of shares (thousands)

 

 

Weighted average number of shares for the purpose of basic income / loss (–) per share

49,479

45,696

 

 

 

Basic income / loss (–) per share (€)

(2.34)

1.18

 

 

 

Net income / loss (–) attributable to owners of the parent (thousands of €)

(115,704)

54,012

 

 

 

Number of shares (thousands)

 

 

Weighted average number of shares for the purpose of diluted income / loss (–) per share

49,479

45,696

Number of dilutive potential ordinary shares

1,612

 

 

 

Diluted income / loss (–) per share (€)

(2.34)

1.14

As we reported a net loss in 2017, the outstanding warrants (specified in note 29) have an anti-dilutive effect rather than a dilutive effect. Consequently, basic and diluted loss per share is the same for 2017.

Basic income per share of €1.18 and diluted income per share of €1.14 in 2016 are based on a net income for 2016 which was strongly influenced by the non-cash gain from the fair value re-measurement of the share subscription agreement with Gilead amounting to €57.5 million.