Selected notes to the consolidated income statement
Net financial income / expenses
Interest expenses arising from capital market liabilities fell by €8.8 million year on year. This decrease was due to early repayment in April 2014 of the fixed-rate tranche of the corporate bond issued in 2011, which was due to mature in 2018 and had a volume of €325.0 million, and the floating-rate tranche of the corporate bond issued in 2013, which was due to mature in 2020 and had a volume of €200.0 million.
In the consolidated interim financial statements, current income taxes for the reporting period are calculated on the basis of the expected income tax rate for the full year.
Earnings per share
Basic earnings per share are calculated by dividing the net income (loss) accruing to the KION GROUP AG shareholders by the weighted average number of shares outstanding during the reporting period (Q1 2015: 98,736,438 no-par-value shares; Q1 2014: 98,700,000 no-par-value shares). The net income accruing to the shareholders of KION GROUP AG was €40.9 million (Q1 2014: €27.4 million). Information about determining the net income (loss) accruing to the KION GROUP AG shareholders can be found in the consolidated income statement. Basic earnings per share for the reporting period came to €0.41 (Q1 2014: €0.28). The 163,562 no-par-value treasury shares repurchased by KION GROUP AG were not included in this figure as at 31 March 2015 (31 December 2014: 163,562).
Diluted earnings per share are calculated by adding the potential dilutive no-par-value shares that employees can obtain for free under the employee share option programme to the weighted average number of shares outstanding during the reporting period. The calculation of diluted earnings per share was based on a weighted average of 98,747,367 no-par-value shares issued. Diluted earnings per share for the reporting period came to €0.41 (Q1 2014: €0.28). In the first quarter of 2015, there had been no equity instruments that diluted the earnings per share for the number of shares issued.