12. Earnings/(loss) per share

As explained in Note 23 below, in accordance with the resolution adopted at the extraordinary session of the Shareholders’ General Meeting of 4 April 2012, from 21 May 2012 the share capital of Fiat S.p.A. is represented by ordinary shares.

The earnings/(loss) per share is determined by dividing the Profit/(loss) attributable to the equity holders of the parent company, by the weighted average number of ordinary shares outstanding during the period.

The following table provides amounts used in the calculation of basic earnings/(loss) per share for the two periods:

  2013 2012
Profit/(loss) to owners of the parent € million 904 44
Weighted average number of shares outstandings thousands 1,215,921 1,215,828
Basic earnings/(loss) per share euros 0.744 0.036

In order to calculate the diluted earnings/(loss) per share, the average number of outstanding ordinary shares has been increased to also take into consideration the theoretical effect that would arise if all the share based payment plans were exercised.

The following table provides the amounts used in the calculation of diluted earnings per share for the periods presented:

  2013 2012
Profit/(loss) attributable to shares € million 904 44
Weighted average number of shares thousands 1,228,926 1,225,868
Diluted earnings/(loss) per shares euro 0.736 0.036