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 (2013: 81,980,688 no-par-value shares). The net income accruing to the shareholders of KION GROUP AG was €138.8 million (2012: €159.3 million). Information about determining the net income (loss) accruing to the KION GROUP AG shareholders can be found in the consolidated income statement. The number of shares taken into account was adjusted in accordance with the calculation method in IAS 33 and reflected a stock split from €2.00 to €1.00 per share as well as the capital increases from company funds in the first half of 2013. As a result, the applicable number of shares was adjusted by 63,700,000 no-par-value shares as at 1 January 2013. Due to the additional capital increases carried out in June 2013 (see note ), the number of shares to be taken into account in accordance with IAS 33 rose from 63,950,000 no-par-value shares as at 1 January 2013 to 98,700,000 no-par-value shares as at 31 December 2013. This did not include the 200,000 no-par-value treasury shares which were repurchased by KION GROUP AG between 28 August and 26 September 2013 as part of a buy-back programme. Similarly, the calculation for the prior-year period shown is based on an adjusted weighted average number of shares outstanding of 63,181,642 no-par-value shares.
As at 31 December 2013, there were no equity instruments that diluted the earnings per share for the number of shares issued.
As described in note , the first-time adoption of the revised IAS 19 caused the net income for 2013 accruing to the KION GROUP AG shareholders to rise by €0.4 million (and by €0.3 million for 2012). However, this did not lead to a material increase in earnings per share.