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 | 671,208 | 878,013 |
Weighted average number of ordinary shares | 1,372,444 | 1,319,869 |
Basic earnings (€ per share) | 489.06 | 665.23 |
The Fund has no potentially dilutive ordinary shares. Therefore, the diluted earnings per share are the same as the basic earnings per share.