11. Result per share
Basic result per share is calculated by dividing the net result attributable to shareholders by the weighted average number of ordinary shares issued during the year. Diluted result 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 |
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Year ended 31 December |
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2016 |
2015 |
Result for the purpose of basic income / loss (–) per share (thousands of €) |
54,012 |
(118,410) |
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Number of shares (thousands) |
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Weighted average number of shares for the purpose of basic income / loss per share |
45,696 |
35,700 |
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Basic income / loss (–) per share (€) |
1.18 |
(3.32) |
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Result for the purpose of diluted income / loss (–) per share (thousands of €) |
54,012 |
(118,410) |
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Number of shares (thousands) |
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Weighted average number of shares for the purpose of diluted income / loss per share |
45,696 |
35,700 |
Number of dilutive potential ordinary shares |
1,612 |
- |
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Diluted income / loss (–) per share (€) |
1.14 |
(3.32) |
As we reported a net loss in 2015, the outstanding warrants (specified in note 30) have an anti-dilutive effect rather than a dilutive effect. Consequently, basic and diluted loss per share are the same for 2015.
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.