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.
| | 2019 | 2018 |
Net result attributable to shareholders | 43,659 | 48,675 |
Weighted average number of ordinary shares | 354,515 | 329,438 |
Basic earnings per share (€ per share) | 123.15 | 147.75 |
The Fund has no potentially dilutive ordinary shares. Therefore, the diluted earnings per share are the same as the basic earnings per share.