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.
| 2015 | 2016 | ||
Average number of shares outstanding |
| 11,324,970 |
| 11,502,948 |
|
|
|
|
|
Basic earnings per share (CHF/share) |
| 5.05 |
| 4.74 |
|
|
|
|
|
Employee share option plans |
|
|
|
|
Average number of shares under option total | 112,917 |
| 106,745 |
|
Average number of shares under option dilutive | 108,989 |
| 100,768 |
|
Average adjusted exercise price | 83.13 |
| 99.93 |
|
|
|
|
|
|
Number of shares that would have been issued at average market price | (71,829) |
| (63,373) |
|
|
|
|
|
|
Adjustment for dilutive share options |
| 37,160 |
| 37,395 |
|
|
|
|
|
Employee share plans |
|
|
|
|
Adjustment for not vested shares (PSMP/initial grant and other share plans) |
| 29,108 |
| 16,397 |
Adjustment for contingently issuable shares (PSMP/matching shares) |
| 140,904 |
| 144,909 |
|
|
|
|
|
Average number of shares outstanding after dilution |
| 11,532,142 |
| 11,701,649 |
|
|
|
|
|
Diluted earnings per share (CHF/share) |
| 4.96 |
| 4.66 |
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