Basic earnings per share are calculated by dividing the net profit attributable to shareholders by the weighted average number of ordinary shares outstanding during the year.
| | 2017 | 2016 |
Net result attributable to shareholders | 637,610 | 666,343 |
Weighted average number of ordinary shares | 1,254,449 | 1,169,722 |
Basic earnings (€ per share) | 508.28 | 569.66 |
The Fund has no potentially dilutive ordinary shares. Therefore, the diluted earnings per share are the same as the basic earnings per share.