Basic earnings per share are computed in accordance with IAS 33 (Earnings per Share) by dividing consolidated net profit by the average number of shares. Basic earnings per share for fiscal year 2005 were €1.99 (previous year: €1.44).
To compute diluted earnings per share, the average number of shares outstanding is adjusted for the number of all potentially dilutive shares. There were 33,785,854 stock options for executives at the reporting date (previous year: 29,854,042), of which 4,289,416 were dilutive (previous year: 918,661). In the year under review, the calculation of the diluted earnings per share based on the number of Deutsche Post AG shares did not result in any material difference from the amount of the basic earnings per share. The diluted earnings per share were €1.99.