20.7 Earnings/loss per share

ACCOUNTING PRINCIPLES

Net earnings/(loss) per share

For each period, net earnings/(loss) per share are calculated by dividing the net profit or loss attributable to equity holders of the parent company for the reporting period by the weighted average number of shares outstanding in that period.

Diluted earnings/(loss) per share are calculated by dividing the net profit or loss for a given period attributable to holders of ordinary shares (net of interest on redeemable preference shares convertible into ordinary shares) by the weighted average number of outstanding ordinary shares in that period (adjusted for the effect of dilutive options and dilutive redeemable preference shares convertible into ordinary shares).

During the current and comparative reporting periods there was no dilutive effect on net earnings /(loss) per share.

Year ended
December 31, 2020
Year ended
December 31, 2019
NET PROFIT/(LOSS) ATTRIBUTABLE TO 148 (3,928)
shareholders of the parent company 110 (3,961)
non-controlling interests 38 33
NET PROFIT/(LOSS) ATTRIBUTABLE TO HOLDERS OF ORDINARY SHARES, APPLIED TO CALCULATE EARNINGS PER SHARE 110 (3,961)
Number of ordinary shares at the beginning of the reporting period 1,869,760,829 1,869,760,829
Number of ordinary shares at the end of the reporting period 1,869,760,829 1,869,760,829
WEIGHTED AVERAGE NUMBER OF OUTSTANDING ORDINARY SHARES USED TO CALCULATE EARNINGS/(LOSS) PER SHARE 1,869,760,829 1,869,760,829
NET PROFIT/(LOSS) AND DILUTED NET PROFIT/(LOSS) PER SHARE ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT COMPANY (IN PLN) 0.06 (2.12)

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