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.
| 2016 | 2017 | ||
Average number of shares outstanding |
| 11,502,948 |
| 11,622,365 |
|
|
|
|
|
Basic earnings per share (CHF/share) |
| 4.74 |
| 5.73 |
|
|
|
|
|
Employee share option plans |
|
|
|
|
Average number of shares under option total | 106,745 |
| 93,108 |
|
Average number of shares under option dilutive | 100,768 |
| 87,590 |
|
Average adjusted exercise price | 99.93 |
| 122.48 |
|
|
|
|
|
|
Number of shares that would have been issued at market price | (63,373) |
| (52,925) |
|
|
|
|
|
|
Adjustment for dilutive share options |
| 37,395 |
| 34,665 |
|
|
|
|
|
Employee share plans |
|
|
|
|
Adjustment for not vested shares (PSMP/initial grant and other share plans) |
| 16,397 |
| 5,396 |
Adjustment for contingently issuable shares (PSMP/matching shares) |
| 144,909 |
| 141,049 |
|
|
|
|
|
Average number of shares outstanding after dilution |
| 11,701,649 |
| 11,803,475 |
|
|
|
|
|
Diluted earnings per share (CHF/share) |
| 4.66 |
| 5.64 |
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