16. Basic and diluted earnings per share

Both of these indicators are calculated on the basis of the average number of ordinary shares for the year, equal to 10,166,679,946, adjusted by the average number of treasury shares acquired to support the Long-Term Incentive Plan (“LTI Plan”), equal to 2,067,594, with a par value of €1 (348,092 at December 31, 2019). The exact number of the treasury shares at December 31, 2020 and December 31, 2019 was equal to 3,269,152 and 1,549,152, respectively, with a par value of €1. For further information on treasury shares, please see note 49 “Share-based payments”.

  2020 2019 Change
Profit from continuing operations attributable to owners of the Parent (millions of euro) 2,610 2,174 436 20.1%
Profit from discontinued operations attributable to owners of the Parent (millions of euro) - - - -
Profit attributable to owners of the Parent (millions of euro) 2,610 2,174 436 20.1%
Number of ordinary shares 10,166,679,946 10,166,679,946 - -
Average number of ordinary shares, excluding treasury shares 10,164,612,352 10,166,331,854 (1,719,502) 0.0%
Basic and diluted earnings per share (euro) 0.26  0.21  0.05  23.8%
Basic and diluted earnings from continuing operations per share (euro) 0.26  0.21  0.05  23.8%
Basic and diluted earnings from discontinued operations per share (euro) - - - -