The diluted earnings per share is calculated by dividing the Group’s share of net income, corrected for dilutive instruments and the payments made during the year to bearers of perpetual subordinated bonds, by the weighted average number of potential shares outstanding over the period after elimination of treasury shares.
The following table shows the reconciliation of the basic and diluted earnings used to calculate earnings per share (basic and diluted), and the variation in the weighted average number of shares used in calculating basic and diluted earnings per share:
(in millions of euros) | 2020 | 2019* |
|---|---|---|
| Net income attributable to ordinary shares | Net income attributable to ordinary shares 2020 650 | Net income attributable to ordinary shares 2019* 5,155 |
|
2020 804 |
2019* 5,639 |
|
2020 (154) |
2019* (484) |
| Payments on perpetual subordinated bonds | Payments on perpetual subordinated bonds 2020 (501) | Payments on perpetual subordinated bonds 2019* (589) |
Net income used to calculate earnings per share | Net income used to calculate earnings per share 2020 149 | Net income used to calculate earnings per share 2019* 4,566 |
|
2020 303 |
2019* 5,050 |
|
2020 (154) |
2019* (484) |
| Cancellation of the effect of dilutive instruments | Cancellation of the effect of dilutive instruments 2020 1 | Cancellation of the effect of dilutive instruments 2019* - |
Net income used to calculate diluted earnings per share | Net income used to calculate diluted earnings per share 2020 150 | Net income used to calculate diluted earnings per share 2019* 4,566 |
|
2020 304 |
2019* 5,050 |
|
2020 (154) |
2019* (484) |
Average weighted number of ordinary shares outstanding during the year | Average weighted number of ordinary shares outstanding during the year 2020 3,106,323,609 | Average weighted number of ordinary shares outstanding during the year 2019* 3,029,504,511 |
| Effect of dilutive instruments | Effect of dilutive instruments 2020 9,149,131 | Effect of dilutive instruments 2019* - |
Average weighted number of diluted shares outstanding during the year | Average weighted number of diluted shares outstanding during the year 2020 3,115,472,740 | Average weighted number of diluted shares outstanding during the year 2019* 3,029,504,511 |
Earnings per share(in euros) : | Earnings per share(in euros) : 2020
| Earnings per share(in euros) : 2019*
|
BASIC EARNING PER SHARE | BASIC EARNING PER SHARE 2020 0.05 | BASIC EARNING PER SHARE 2019* 1.50 |
DILUTED EARNINGS PER SHARE | DILUTED EARNINGS PER SHARE 2020 0.05 | DILUTED EARNINGS PER SHARE 2019* 1.50 |
BASIC EARNINGS PER SHARE OF CONTINUING OPERATIONS | BASIC EARNINGS PER SHARE OF CONTINUING OPERATIONS 2020 0.10 | BASIC EARNINGS PER SHARE OF CONTINUING OPERATIONS 2019* 1.67 |
DILUTED EARNINGS PER SHARE OF CONTINUING OPERATIONS | DILUTED EARNINGS PER SHARE OF CONTINUING OPERATIONS 2020 0.10 | DILUTED EARNINGS PER SHARE OF CONTINUING OPERATIONS 2019* 1.67 |
BASIC EARNINGS PER SHARE OF DISCONTINUED OPERATIONS | BASIC EARNINGS PER SHARE OF DISCONTINUED OPERATIONS 2020 (0.05) | BASIC EARNINGS PER SHARE OF DISCONTINUED OPERATIONS 2019* (0.17) |
DILUTED EARNINGS PER SHARE OF DISCONTINUED OPERATIONS | DILUTED EARNINGS PER SHARE OF DISCONTINUED OPERATIONS 2020 (0.05) | DILUTED EARNINGS PER SHARE OF DISCONTINUED OPERATIONS 2019* (0.17) |
*Restated for the impacts of IFRS 5 due to the change in scope of E&P operations (see note 1.4.2).
On 8 September 2020, EDF issued unsecured senior Green Bonds convertible into new shares and/or exchangeable for existing shares of the Company (OCEANEsVertes, see note 18.3.2.2). The diluted earnings per share incorporates the impact of conversion of these bonds, which is possible from 15 December 2020. The impact on the net income used to calculate diluted earnings per share for 2020 is not significant.
