9 Earnings per share
The earnings per share are based on the consolidated profit for the period and the average number of shares outstanding, excluding treasury shares.
| 2014 | 2015 |
Number of shares issued | 11,444,576 | 11,467,577 |
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Number of treasury shares | (286,020) | – |
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Average number of shares outstanding | 11,093,767 | 11,324,970 |
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Basic earnings per share (CHF/share) | 3.63 | 5.05 |
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Employee share option plans |
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Average number of shares under option total | 125,122 | 112,917 |
Average number of shares under option dilutive | 125,122 | 108,989 |
Average exercise price | 72.92 | 83.13 |
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Number of shares that would have been issued at average market price for the year of CHF 126.13 (2014: CHF 104.93). | 86,948 | 71,829 |
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Adjustment for dilutive share options | 38,174 | 37,160 |
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Employee share plans |
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Adjustment for not vested shares (PSMP/initial grant and other share plans) | 31,337 | 29,108 |
Adjustment for contingently issuable shares (PSMP/matching shares) | 95,801 | 140,904 |
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Average number of shares outstanding after dilution | 11,259,079 | 11,532,142 |
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Diluted earnings per share (CHF/share) | 3.57 | 4.96 |
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