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32. Earnings per share

in € thousands   2009 2008
Average outstanding shares (diluted)   36,799,402 35,088,250
Average outstanding shares (basic)   36,799,402 35,088,250
       
Consolidated net profit attributable to Group shareholders in € thousands 34,367 68,872
       
Earnings per share (basic) in € 0.93 1.96
Earnings per share (diluted) in € 0.93 1.96

Basic earnings per share:

Basic earnings per share are determined by dividing the net income for the period to which the shareholders of Deutsche EuroShop AG are entitled by the weighted average number of shares outstanding within the reporting period.

On 8 July 2009, the share capital was increased by 3,437,498 no-par-value registered shares by way of a capital increase. As a result, the number of outstanding shares rose to 37,812,496. In addition, a capital increase with a one-for six subscription ratio was carried out in January 2010. This resulted in the number of shares rising by 6,302,082. To take into account the capital increase that took place during the year and also the capital increase carried out after the balance sheet date and prior to publication, in accordance with IAS 33 a time-weighting factor and a retrospective adjustment of the number of shares must be applied when determining the basic and diluted earnings per share. For this reason the average number of outstanding shares came to 36,799,402 for financial year 2009. The previous year’s figures were adjusted accordingly.

Diluted earnings per share:

For the calculation of diluted earnings per share, potential ordinary shares must be taken into account when determining the number of outstanding shares, and the net income for the period attributable to the shareholders of Deutsche EuroShop AG must be adjusted. As Deutsche EuroShop AG has no potential ordinary shares, the calculation of diluted earnings per share is the same as the method used to calculate basic earnings per share.

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