29. Earnings per Share

Basic earnings per share is calculated by dividing the profit attributable to shareholders of the Bank by the weighted average number of ordinary shares in issue during the period, excluding treasury shares. The Bank has no dilutive potential ordinary shares; therefore the diluted earnings per share equals the basic earnings per share.

In mln of Russian Roubles 2011 2010
Profit for the reporting period attributable to the shareholders of the Bank 316,195 182,131
Less preference dividends declared (1,150) (450)
Profit attributable to the ordinary shareholders of the Bank 315,045 181,681
Weighted average number of ordinary shares in issue (mln) 21,571 21,587
Earnings per ordinary share, basic and diluted (expressed in RR per share) 14.61 8.42

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