annual report - FIAT SpA

Ordinary
shares
Preference
shares
Savings
shares Total
2010 2000
Ordinary
shares
Preference
shares
Savings
shares Total
Profit/(loss) from Continuing
Operations attributable to owners
of the parent € million 179 (374)
Preferred dividends attributable
for the period € million - 23 17 40 - - - -
Profit/(loss) equally attributable to
ordinary and savings shares € million 137 - 2 139 - - - -
Profit/(loss) attributable to all
classes of shares € million - - - - (319) (31) (24) (374)
Profit/(loss) attributable to each
class of shares € million 137 23 19 179 (319) (31) (24) (374)
Weighted average number of
shares outstanding thousand 1,053,679 103,292 79,913 1,236,884 1,053,679 103,292 79,913 1,236,884
Basic Earnings/(loss)
per share – Continuing
Operations € 0.130 0.217 0.239 (0.302) (0.302) (0.302)
Ordinary
shares
Preference
shares
Savings
shares Total
2010 2009
Ordinary
shares
Preference
shares
Savings
shares Total
Profit/(loss) from Discontinued
Operations attributable to owners
of the parent € million 341 (464)
Preferred dividends attributable
for the period € million - 10 8 18 - - - -
Profit/(loss) equally attributable to
all classes of shares € million 287 18 18 323 (397) (38) (29) (464)
Profit/(loss) attributable to each
class of shares € million 287 28 26 341 (397) (38) (29) (464)
Weighted average number of
shares outstanding thousand 1,053,679 103,292 79,913 1,236,884 1,053,679 103,292 79,913 1,236,884
Basic Earnings/(loss)
per share – Discontinued
Operations € 0.273 0.273 0.319 (0.375) (0.375) (0.375)
For the purpose of calculating the diluted earnings per share for the two years presented, the number of ordinary
shares considered is the average number of shares outstanding plus “dilutive potential” ordinary shares arising from
shares that would be issued on the exercise of all stock option plans or other similar. In 2009, stock option and stock
grant plans based on Fiat S.p.A. ordinary shares were not taken into consideration in the calculation of diluted
earnings per share as they would have had an antidilutive effect. In 2010 no dilutive effects arose from the stock
option plans granted by Fiat S.p.A. on its ordinary shares having an exercise price of over €10.25 per share (the
average price of Fiat ordinary shares in 2010). Finally, for both years the theoretical effect that would arise if the stock
options granted by the Group’s subsidiaries on their equity instruments were to be exercised was not considered
because it was antidilutive or nil.
The figures used to determine diluted earnings per shares for the Fiat Group are as follows:
Ordinary
shares
Preference
shares
Savings
shares Total
2010 2009
Ordinary
shares
Preference
shares
Savings
shares Total
Profit/(Loss) attributable to
each class of shares € million 433 42 45 520 (714) (70) (54) (838)
Weighted average number of
shares outstanding thousand 1,053,679 103,292 79,913 1,236,884 1,053,679 103,292 79,913 1,236,884
Number of shares deployable for
stock option plans thousand 5,936 - - 5,936 - - - -
Number of shares considered
in the diluted earnings per
share thousand 1,059,615 103,292 79,913 1,242,820 1,053,679 103,292 79,913 1,236,884
Diluted Earnings/(loss)
per share € 0.409 0.409 0.564 (0.677) (0.677) (0.677)
The figures used to determine diluted earnings per shares for the Continuing and Discontinued Operations are as
follows:
Fiat Group Consolidated Financial Statements at 31 December 2010 145