Basic earnings per share are calculated by dividing the net result attributable to shareholders by the weighted average number of ordinary shares outstanding during the year.
| | 2016 | 2015 |
Net result attributable to shareholders | 666,343 | 347,475 |
Weighted average number of ordinary shares | 1,169,722 | 1,086,707 |
Basic earnings (€ per share) | 569.66 | 319.75 |
The Residential Fund has no potentially dilutive ordinary shares. Therefore, the diluted earnings per share are the same as the basic earnings per share.