25. Earnings per share

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Basic earnings per share are calculated based on the weighted average number of ordinary shares outstanding during the year after adjustment for the share split, see note 24(a), and effect of treasury shares. Basic and diluted earnings per share are the same, as there is no effect of dilution.

2012 2011
Weighted average number of ordinary shares in issue 124,477,080 124,032,396
Profit for the year attributable to ordinary shareholders of the Parent, RUB million 20,654 19,935
Basic and diluted earnings per share, RUB 166 161