Hexagon Annual Report 2019

NOTE 8 EARNINGS PER SHARE Earnings per share is calculated by dividing profit for the year by the weighted average number of shares outstanding. To calculate diluted earnings per share, the profit and weighted average number of shares outstanding is adjusted to accommodate all dilution effects associated with share options. All share options are taken into consideration in the "denominator", and adjustments are made for recognized option expenses in the numerator. In the calculations, share options are considered to have been converted at the grant date. Redeemed options are included from the date of issue. (NOK 1 000) NOTE 2019 2018 PROFIT/LOSS FOR THE YEAR FLOWING TO HOLDERS OF ORDINARY SHARES Profit/loss for the year 107 491 141 462 WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 31.12 17 Ordinary shares issued 01.01 166 627 868 166 627 868 Own shares -1 974 882 -2 366 075 Issued new shares 16 662 780 0 Outstanding number of shares 31.12 181 315 766 164 261 793 Weighted average number of shares outstanding 31.12 172 788 780 164 861 793 Profit/loss per share 0.63 0.86 DILUTED NUMBER OF SHARES OUTSTANDING 31.12 17 Ordinary shares issued 01.01 166 627 868 166 627 868 Own shares -1 974 882 -2 366 075 Issued new shares 16 662 780 0 Effect of employee options issued 5 090 900 3 675 000 Outstanding shares 31.12 adjusted for dilution effects 186 406 666 167 936 793 Weighted average number of shares outstanding 31.12 adjusted for dilution effects 177 171 730 168 431 793 Diluted profit/loss per share 0.71 0.92 31 117 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS