7. Earnings per share

7. EARNINGS PER SHARE
 
  1 Jan–31 Dec 2016 1 Jan–31 Dec 2015
Net profit for the period attributable to the shareholders of the Parent company (EUR million) 107.2 90.5
     
Earnings per share (EUR)    
Basic 1.46 1.23
Diluted 1.46 1.23
     
Number of shares during the year    
Basic    
Weighted average shares 73 660 433 73 426 563
Effect of dilutive stock options and shares 18 201 126 915
Diluted    
Adjusted weighted average shares and assumed conversions 73 678 634 73 553 478
 
Basic earnings per share is calculated using the weighted average number of shares outstanding during the period. Diluted earnings per share is calculated using the weighted average number of shares outstanding during the period plus the dilutive effect of stock options and shares.