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14.1 Earnings per share

 
 1st half 20121st half 2011
Earnings (loss) for the year attributable to the owners of ordinary shares of the parent company (A)76,94371,398
Interest expense for the liability component of convertible bonds1,2181,232
Adjusted earnings (loss) attributable to the owners of ordinary shares of the parent company (B) 78,16172,630
     
Weighted average number of outstanding shares for 
the purposes of calculating earnings (losses) per share:
   
- basic (C) 1,102,232,4511,109,771,408
- diluted (D)1,178,568,3291,186,107,286
Earnings (loss) per share (in euro)   
- basic (A/C)  0.070 0.064
- diluted (B/D)  0.066 0.061

The base earnings per share is calculated on the economic result attributable to holders of ordinary shares of the parent company. Diluted earnings per share takes account of the issuing of the convertible bond referred to under note 31.

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