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 |
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|
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 |
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|
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Number of shares that would have been issued at average market price for the | 131,031 | 86,948 |
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Adjustment for dilutive share options | 59,099 | 38,174 |
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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 |
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|
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Average number of shares outstanding after dilution | 11,124,395 | 11,259,079 |
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Diluted earnings per share (CHF/share) | 4.11 | 3.57 |