18. Earnings per share
Basic earnings per share
Basic earnings per share are calculated by dividing the net profit attributable to equity holders of the Bank by the weighted average number of the ordinary shares outstanding during the period.
| 2021 | 2020 | |
|---|---|---|
| Net profit | 2,174,897 | 1,101,712 |
| Weighted average number of ordinary shares in the period | 262,470,034 | 262,470,034 |
| Earnings per share (in PLN per share) | 8.29 | 4.20 |
Diluted earnings per share
Diluted earnings per share are calculated by dividing the net profit attributable to equity holders of the Bank by the weighted average number of the ordinary shares outstanding during the given period adjusted for all potential dilution of ordinary shares.
As at 31 December 2021 and 31 December 2020 here were no diluting instruments in the form of convertible bonds in the Group.
| 2021 | 2020 | |
|---|---|---|
| Net profit | 2,174,897 | 1,101,712 |
| Weighted average number of ordinary shares in the period | 262,470,034 | 262,470,034 |
| Weighted average number of ordianry shares for the purpose of calculation of diluted earnings per share | 262,470,034 | 262,470,034 |
| Diluted earnings per share (in PLN per share) | 8.29 | 4.20 |