14. Earnings per share

 

2015

20141

1

Restated due to the distribution of a scrip dividend.

Earnings per share in CHF

(3.11)

3.63

From continuing operations

(3.32)

3.63

From discontinued operations

0.21

0.00

Net (loss) income – shareholders of LafargeHolcim Ltd – as per statement of income (in million CHF)

(1,469)

1,287

From continuing operations

(1,569)

1,287

From discontinued operations

100

0

Weighted average number of shares outstanding

472,584,899

354,536,879

 

 

 

Fully diluted earnings per share in CHF

(3.11)

3.63

From continuing operations

(3.32)

3.63

From discontinued operations

0.21

0.00

Net (loss) income used to determine diluted earnings per share (in million CHF)

(1,469)

1,287

From continuing operations

(1,569)

1,287

From discontinued operations

100

0

Weighted average number of shares outstanding

472,584,899

354,536,879

Adjustment for assumed exercise of share options

0

128,743

Weighted average number of shares for diluted earnings per share

472,584,899

354,665,622

For the year 2015, 205,614 stock options, which would have an anti-dilutive impact on the calculation of the diluted earnings per share, are excluded from the calculation.

As indicated in note 4, the merger between Holcim and Lafarge became effective on July 10, 2015. As a result, an exceptional scrip dividend was distributed to all LafargeHolcim shareholders after the settlement of the re-opened exchange offer in September 2015. The total number of LafargeHolcim shares issued for the scrip dividend was 28,870,252.

In accordance with IAS 33 Earnings per Share, the weighted average number of shares outstanding and per share amounts for the prior periods presented have been retrospectively restated to reflect the new shares that arose from the scrip dividend distribution.

In conformity with the decision taken at the annual general meeting on April 13, 2015, a cash payment out of the capital contribution reserves related to 2014 of CHF 1.30 per registered share has been paid. This resulted in a total payment of CHF 424 million.

A cash payment out of the capital contribution reserves in respect of the financial year 2015 of CHF 1.50 per registered share, amounting to a maximum payment of CHF 910 million, is to be proposed at the annual general meeting of shareholders on May 12, 2016. These consolidated financial statements do not reflect this cash payment, since it will only be effective in 2016.