9 The 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.

 

2013

2014

Number of shares issued

 11,444,576 

 11,444,576 

 

 

 

Number of treasury shares 

 (362,840) 

 (286,020) 

 

 

 

Average number of shares outstanding

 10,977,758 

 11,093,767 

 

 

 

Basic earnings per share (CHF/share)

4.16

3.63

 

 

 

Employee share option plans

 

 

 Average number of shares under option total

 206,722 

 125,122 

 Average number of shares under option dilutive

 190,130 

 125,122 

 Average exercise price 

62.30

72.92

 

 

 

 Number of shares that would have been issued at average market price for the
 year of CHF 104.93 (2013: CHF 90.40).

 131,031 

 86,948 

 

 

 

 Adjustment for dilutive share options

 59,099 

 38,174 

 

 

 

Employee share plans

 

 

 Adjustment for not vested shares (PSMP/initial grant and other share plans)

 28,890 

 31,337 

 Adjustment for contingently issuable shares (PSMP/matching shares)

 58,648 

 95,801 

 

 

 

Average number of shares outstanding after dilution

 11,124,395 

 11,259,079 

 

 

 

Diluted earnings per share (CHF/share)

4.11

3.57