30. Earnings per share


  2011 2010 2009
Profit for the period attributable to shareholders of the
Company
46,240 31,418 26,125
Weighted average number of shares outstanding used in
calculation of basic earning per shares
2,925,111,521 3,098,858,910 3,184,735,978
Weighted average number of shares outstanding used in
calculation of diluted earning per shares
2,971,118,825 3,124,596,635 3,184,735,978
Basic earnings per share attributable to ordinary
shareholders of the Combined group, in RUB
15.81 10.14 8.20
Diluted earnings per share attributable to ordinary
shareholders of the Combined group, in RUB
15.56 10.06 8.20

Weighted average number of shares outstanding as at December 31, 2011 and December 31, 2010 is adjusted for the treasury shares of the Group, which amounted to 190,826,904 (2010: an equivalent of 191,530,851) ordinary and 70,151,313 (2010: 70,151,313) preferred shares of the Company.

Reconciliation of weighted average number of shares used in calculation of basic and diluted earnings per shares


  2011 2010 2009
Weighted average number of shares outstanding used in
calculation of basic earning per shares
2,925,111,521 3,098,858,910 3,184,735,978
Dilutive effect of call options 46,007,304 25,737,725 -
Weighted average number of shares outstanding used in
calculation of diluted earning per shares
2,971,118,825 3,124,596,635 3,184,735,978

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