2011 Registration Document - Imerys

5 Consolidated
FINANCIAL STATEMENTS
financial statements
Note 15 Earnings per share
(€ millions) 2011 2010
Numerator
Net income, Group share (1) 282.0 243.7
Net income from current operations, Group share (1) 303.1 242.0
Denominator
Weighted average number of shares used for the calculation of the basic income per share 75,272,854 75,400,253
Impact of share option conversion 722,239 267,037
Weighted average number of shares used for the calculation of the diluted income per share
Basic income per share, Group share (in €)
75,995,093 75,667,290
Basic net income per share 3.75 3.23
Basic net income from current operations per share
Diluted income per share, Group share (in €)
4.03 3.21
Diluted net income per share 3.71 3.22
Diluted net income from current operations per share 3.99 3.20
(1) After voluntary change in accounting method on the recognition of actuarial differences of post-employment employee benefits (Note 2.2).
The number of potential ordinary shares taken into account in the
calculation of the diluted earnings per share excludes the share
options out of the money, i.e. those whose exercise price increased
by the fair value of services to be rendered is superior to the period
average market price of the Imerys share (€45.51 in 2011). Potentially
dilutive options of the plans of May 2005 to April 2008 as well as
168 2011 REGISTRATION DOCUMENT IMERYS
those of April 2010 to April 2011 (Note 8) are thus excluded from the
calculation of the diluted earnings per share as of December 31, 2011.
No significant transaction has changed the number of ordinary
shares and potential ordinary shares between December 31, 2011
and February 15, 2012, date of authorization of issue of the financial
statements by the Board of Directors.