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4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 13. DANONE shares, dividend, earnings per share
DANONE
REGISTRATION DOCUMENT 2015
134
2015 changes involving DANONE call options, in terms of transactions
Changes during the period
(number of shares,
except percentage)
As of
December 31, 2014
Acquisitions
Expired options
Exercises
As of
December 31, 2015
DANONE call options held
by the Company
Number of call options
998,621
−
−
(622,885)
375,736
Percentage of the Company's
share capital as of December 31
0.2%
0.1%
Note 13.3 Outstanding DANONE shares
2014
2015
(number of shares)
Notes
Share capital
Treasury
shares Outstanding Share capital
Treasury
shares Outstanding
As of January 1
631,028,000 (44,608, 414) 586,419,586 643,792,000 (43,713,300) 600,078,700
Dividend in shares
13.5 11,932,014
− 11,932,014 10,321,148
− 10,321,148
Other capital increases
7.5
831,986
−
831,986
838,052
−
838,052
Change in DANONE treasury
shares and call options
13.2
−
895,114
895,114
− 3,987,125 3,987,125
As of December 31
643,792,000 (43,713,300) 600,078,700 654,951,200 (39,726,175)
615,225,025
Note 13.4. Earnings per share – Group share
Accounting principles
Earnings per share correspond to the ratio of Net income – Group
share divided by the Number of shares. The Number of shares
corresponds to the average number of outstanding shares during
the year, after deducting the treasury shares held by the Company
and its fully-consolidated subsidiaries.
Earnings per share after dilution (or diluted earnings per share)
correspond to the ratio of Net income – Group share divided by the
Diluted number of shares. The Diluted number of shares corres-
ponds to the Number of shares increased by the net impact, when
it is positive, of the following two elements:
•
the increase in the weighted average number of shares that
would result from:
• the exercise of stock-options, taking into account only those
options in the money on the basis of the average price during
the reference period,
• the acquisition of Group performance shares, taking into
account only those shares whose performance conditions
are met as of the closing date,
•
the reduction in the number of shares that could theoretically
be acquired.
In accordance with the treasury stock method specified by IAS 33,
Earnings per Share
.
Diluted earnings per share do not take into account DANONE call
options held by the Company.