12. Earnings per share

Basic earnings per share is calculated by dividing the profit for the year pertaining to ACEA by the weighted average number of ACEA shares in circulation in the year, excluding Treasury Shares. The weighted average number of shares in circulation was 212,547,907 in the 2013 and 2014 financial years. Diluted earnings per share is calculated by dividing the profit for the year pertaining to ACEA by the weighted average number of ACEA shares in circulation in the year, excluding Treasury Shares, increased by the number of shares that might potentially be placed in circulation. As at 31 December 2013 and 2014, there are no shares that could potentially be placed in circulation, and therefore the weighted average number of share for calculating the basic earnings coincides with the weighted average number of shares for the calculation of the diluted earnings.

Earnings per share, determined in accordance with IAS 33, are shown below:

€ thousandat 31.12.2014at 31.12.2013 RestatedIncrease / (Decrease)
Net profit attributable to the Group (€/000) 162,459 141,940 20,519
Net profit attributable to ordinary equity holders of the Group (€/000) (A) 162,459 141,940 20,519
Weighted average number of ordinary shares outstanding for the purpose of determining earnings per share   
- basic (B) 212,964,900 212,964,900 0
- diluted (C) 212,964,900 212,964,900 0
Earnings per share (in €)      
- basic (A/B) 0.7628 0.6665 0.0963
- diluted (A/C) 0.7628 0.6665 0.0963

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€ thousandat 31.12.2014at 31.12.2013 RestatedIncrease / (Decrease)
Net profit attributable to the Group (€/000) 162,459 141,940 20,519
Net profit attributable to ordinary equity holders of the Group (€/000) (A) 162,459 141,940 20,519
Weighted average number of ordinary shares for the purpose of determining earnings per share   
- basic (B) 212,964,900 212,964,900 0
- diluted (C) 212,964,900 212,964,900 0
Earnings per share (in €)      
- basic (A/B) 0.7643 0.6680 0.0964
- diluted (A/C) 0.7643 0.6680 0.0964