Earnings per share


  2012 2011 2010
Profit for the period attributable to shareholders of the Company 35,064 42,701 30,509
Weighted average number of shares outstanding used in calculation of basic earning per shares 2,887,915,223 2,981,398,946 3,112,930,766
Weighted average number of shares outstanding used in calculation of diluted earning per shares 2,908,247,397 3,027,406,250 3,138,668,491
Basic earnings per share attributable to ordinary shareholders of the Combined group, in RUB 12.14 14.32 9.80
Diluted earnings per share attributable to ordinary shareholders of the Combined group, in RUB 12.06 14.10 9.72

Weighted average number of shares outstanding for the years ended 31 December 2012 is adjusted for the weighted average number of treasury shares of the Group, which amounted to 227,987,533 (2011: 134,539,497, 2010: an equivalent of 177,458,995) ordinary and 70,186,982 (2011: 70,151,313, 2010: 70,151,313) preferred shares of the Company.

Reconciliation of weighted average number of shares used in calculation of basic and diluted earnings per shares:


  2012 2011 2010
Weighted average number of shares outstanding used in calculation of basic earning per shares 2,887,915,223 2,981,398,946 3,112,930,766
Dilutive effect of call options 20,332,174 46,007,304 25,737,725
Weighted average number of shares outstanding used in calculation of diluted earning per shares 2,908,247,397 3,027,406,250 3,138,668,491

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