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Earning Per Share

12 Months Ended

Dec. 31, 2017

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Earning Per Share

26. EARNINGS PER SHARE

The following table shows the net income and the number of shares that have been used for the calculation of the basic and diluted earnings per share:

		2017				2016				2015
Net income			12,340				(28,237	)			4,579
Average number of shares outstanding			392,625,259				391,497,615				392,101,191
Basic and diluted earnings per share			31.43				(72.13	)			11.68

Basic and diluted earnings per share are calculated as shown in Note 2.b.13).

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