Annual Report - Miba

110
35. Earnings per share
According to IAS 33 (Earnings per share), the basic earnings per share are calculated by
dividing the income for the period (consolidated net income) to be distributed to the
common shareholders by the weighted number of common stock outstanding during the
period. Since the preferred stock is subject to an unrestricted residual claim on the
company’s assets, it had to be included in the number of shares:
in
2004/05 2003/04
Consolidated net income
Amount to be distributed to common
TEUR 17,503 14,907
and preferred shareholders TEUR 17,503 14,907
Average number of outstanding
common and preferred stock Shares 1,300,000 1,300,000
Basic earnings per share 1)
Diluted earnings per share 1)
1) for common and preferred stock
EUR/Share 13.46 11.47
EUR/Share 13.46 11.47