Financial Information - Uralita

FINANCIAL INFORMATION ANNUAL REPORT 2006
20.2. Diluted earnings per share
Diluted earnings per share amounts are
calculated by dividing the net profit attributable
to ordinary equity holders of the parent (adjusted
by the effect attributable to dilutive potential
ordinary shares) and the weighted average
number of ordinary shares outstanding during
the year plus the weighted average number of
ordinary shares that would be issued on the
conversion of all the dilutive potential ordinary
shares into ordinary shares of the company.
Conversion is considered to take place at the
beginning of the period or at the time of the
issue of the potential ordinary shares if these
were issued during the year.
In 2006 and 2005, diluted earnings per share
coincided with basic earnings per share.
21.RELATED PARTY TRANSACTIONS
Caja de Ahorros de Salamanca y Soria, a related
party by virtue of its equity investment in Uralita,
S.A., has granted guarantees to Group
companies amounting to €2,964 thousand at 31
December 2006.
22.COMPENSATION AND OTHER
DISCLOSURES
In 2006, the members of the Board of Directors
of Uralita, S.A. were paid total compensation of
€1,441 thousand (€1,034 thousand in 2005),
€1,243 thousand of fixed and €198 thousand of
variable compensation. They also received €684
thousand (€648 thousand in 2005) in bylawstipulated
emoluments. The detail was as
follows:
THOUSANDS OF EUROS
NOMINATION AND
BOARD OF REMUNERATION AUDIT
2006 DIRECTORS COMMITTEE COMMITTEE TOTAL
Nefinsa
Caja Duero
Atalaya
Javier Serratosa Luján
Javier Echenique Landíribar
José M. Serra Peris
Jesús Quintanal S. Emeterio
José I. Olleros Piñero
José A. Carrascosa Ruiz
Javier González Ochoa
Álvaro Rodríguez-Solano Romero
Jorge Alarcón Alejandre
48 9 9 66
48 9 - 57
48 - 9 57
96 - - 96
48 18 - 66
48 - 18 66
48 - - 48
48 - - 48
48 - - 48
48 - - 48
48 - - 48
36 - - 36
TOTAL
612 36 36 684
175