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.
| | 2018 | 2017 |
Net result attributable to shareholders | 878,013 | 637,610 |
Weighted average number of ordinary shares | 1,319,869 | 1,254,449 |
Basic earnings (€ per share) | 665.23 | 508.28 |
The Fund has no potentially dilutive ordinary shares. Therefore, the diluted earnings per share are the same as the basic earnings per share.