9 Earnings (NAV) per share
|
| 1st half-year |
| 1st half-year |
|
|
|
|
|
Number of outstanding shares as at 01.01. (in thousands) |
| 15 941 |
| 15 909 |
Change in holdings of treasury shares (in thousands) |
| –52 |
| 24 |
Number of outstanding shares as at 30.06. (in thousands) |
| 15 889 |
| 15 933 |
Average number of outstanding shares (in thousands) |
| 15 911 |
| 15 924 |
| ||||
Net profit excl. revaluation effect (in CHF million) |
| 59.1 |
| 55.4 |
Earnings from revaluation of investment real estate (in CHF million) |
| 10.5 |
| 12.4 |
Deferred taxes on revaluation gains (in CHF million) |
| –2.4 |
| –2.6 |
Net profit incl. revaluation effect (in CHF million) |
| 67.2 |
| 65.2 |
| ||||
Earnings per share incl. revaluation effect |
| 4.22 |
| 4.09 |
Earnings per share excl. revaluation effect (CHF) |
| 3.71 |
| 3.48 |
| ||||
Diluted earnings per share |
|
|
|
|
— incl. revaluation effect (CHF) |
| 4.23 |
| 3.97 |
— excl. revaluation effect (in CHF) |
| 3.72 |
| 3.41 |
The share-based remuneration of members of Group Management has the effect of diluting the earnings per share. To calculate the dilution, the net profit was corrected for the effects resulting from the share-based remuneration. This results in a diluted net profit of CHF 67.3 million including revaluation effect and CHF 59.2 million excluding revaluation effect. The average number of outstanding shares increases from 15 911 213 to 15 912 448.
|
| 30.06.2015 |
| 31.12.2014 |
|
|
|
|
|
Outstanding shares (in thousands) on cut-off date |
| 15 889 |
| 15 941 |
Equity on cut-off date (CHF million) |
| 1 922.0 |
| 1 954.0 |
Net asset value (NAV) per share after deferred taxes (CHF) |
| 120.95 |
| 122.55 |
| ||||
Equity plus provision for deferred taxes less deferred tax assets (CHF million) |
| 2 033.9 |
| 2 057.9 |
Net asset value (NAV) per share before deferred taxes (CHF) |
| 128.00 |
| 129.10 |