(in € millions) | H1 '11 | H1 '10 | ||
Group EBIT | 36.1 | 66.6 | ||
Impairment charge | -511.9 | 0 | ||
Interim financial statements EBIT | -475.8 | 66.6 |
4. Remuneration policy for members of the Management Board
This note should be read in conjunction with note 7 Employee Benefits in the Annual Report for 2010. In accordance with the Remuneration Policy, remuneration for the Management Board consists of four components: base-salary, short-term incentive, long-term incentive and pension. The long-term incentive component is set out in the 2009 Stock Option Plan as amended following the 2011 AGM. In May 2011, each of the Management Board members was granted 150,000 new share options under this plan.
5. Earnings per share
The calculation of basic and diluted earnings per share is based on the following data:
H1 ‘11 | H1 ‘10 | |||
Earnings (in € thousands) | ||||
Earnings (net result attributable to equity holders) | -478,667 | 36,801 | ||
Number of shares (in thousands) | ||||
Weighted average number of ordinary shares for basic EPS | 221,861 | 221,718 | ||
Effect of dilutive potential ordinary shares (in thousands) | ||||
Share options and restricted stocks | 1,467 | 222 | ||
Weighted average number of ordinary shares for diluted EPS | 223,328 | 221,940 |