Annual Report - EDP

notes to the consolidated EDP and - Energias company de Portugal, financial S.A. statementsfor the years ended 31 december 2012 and 2011Notes to the Consolidated and Company Financial Statementsfor the years ended 31 December 2012 and 2011On individual basis, the caption Operations pending cash settlement relate with commercial paper issued by EDP, S.A., in the terms of Group accounting policy isbooked as financial debt at trade date of each emission. This caption includes: (i) 480,000 thousands of Euros, issued at 31 December 2012, acquired by EDP FinanceB.V., and which settlement date occurred at 3 January 2013; and (ii) 196,976 thousands of Euros issued on 28 December 2012 and which settlement date occurred on2 January 2013.30. SHARE CAPITAL AND SHARE PREMIUMEDP, S.A. is a company incorporated by shares in which the Portuguese State and other public entities have non-controlling interests. The Company was incorporatedas a State-owned company and started its privatisation process in 1997. The second and third phases of the privatisation process were carried out in 1998, the fourthphase in 2000, the fifth phase consisting of a capital increase in 2004 and a sixth phase in 2005. In December 2007 the State issued bonds convertible into shares ofEDP, S.A. under the seventh phase of the privatisation process. On 11 May 2012 regarding EDP's eight reprivatisation phase, the Portuguese State sold to China ThreeGorges International (Europe), S.A., through a transaction executed outside a regulated market, the ownership of 780,633,782 shares representing 21.35% of theshare capital of EDP, S.A.In result of this transaction the 780,633,782 shares representing 21.35% of the share capital and voting rights of EDP are directly attributed to China Three GorgesInternational (Europe), S.A. Accordingly, Parpública has reduced its qualified shareholding in EDP from 25.49% of the respective share capital and voting rights to4.14%, holding a total amount of 151,517,000 shares in EDP, all of which correspond to class B shares.The share capital amounts of 3,656,537,715 Euros and is represented by 3,656,537,715 fully paid up ordinary shares of 1 Euro each. Of this amount, 3,505,020,715 areclass A shares and 151,517,000 are class B shares.Share capital and Share premium are analysed as follows:Thousands of EurosSharecapitalSharepremiumBalance as at 31 December 2011 3,656,538 503,923Movements during the year - -Balance as at 31 December 2012 3,656,538 503,923The earnings per share (EPS) attributable to the equity holders of EDP are as follows:Group and CompanyGroupCompanyDec 2012 Dec 2011 Dec 2012 Dec 2011Net profit attributable to the equity holders of EDP (in Euros) 1,012,483,169 1,124,662,975 832,681,740 785,804,149Net profit from continuing operations attributable to the equity holders of EDP (in Euros) 1,012,483,169 1,124,662,975Weighted average number of ordinary shares outstanding 3,624,042,958 3,624,423,735 3,625,555,958 3,625,936,735Weighted average number of diluted ordinary shares outstanding 3,624,622,918 3,625,029,212 3,626,135,918 3,626,542,212Basic earnings per share attributable to equity holders of EDP (in Euros) 0.28 0.31Diluted earnings per share attributable to equity holders of EDP (in Euros) 0.28 0.31Basic earnings per share from continuing operations (in Euros) 0.28 0.31Diluted earnings per share from continuing operations (in Euros) 0.28 0.31EDP Group calculates basic and diluted earnings per share attributable to equity holders of EDP using the weighted average number of ordinary shares outstandingduring the period, net of changes in treasury stock during the year.The average number of shares was determined as follows:GroupCompanyDec 2012 Dec 2011 Dec 2012 Dec 2011Ordinary shares issued at the beginning of the year 3,656,537,715 3,656,537,715 3,656,537,715 3,656,537,715Effect of shares issued during the year - - - -Average number of realised shares 3,656,537,715 3,656,537,715 3,656,537,715 3,656,537,715Effect of treasury stock -32,494, 757 -32,113, 980 -30,981, 757 -30,600, 980Average number of shares during the year 3,624,042,958 3,624,423,735 3,625,555,958 3,625,936,735Effect of stock options 579,960 605,477 579,960 605,477Diluted average number of shares during the year 3,624,622,918 3,625,029,212 3,626,135,918 3,626,542,21231. TREASURY STOCKThis caption is analysed as follows:GroupCompanyDec 2012 Dec 2011 Dec 2012 Dec 2011Book value of EDP, S.A. treasury stock (thousands of Euros) 103,706 111,430 97,611 105,335Number of shares 31,904,523 32,359,146 30,391,523 30,846,146Market value per share (in Euros) 2.290 2.391 2.290 2.391Market value of EDP, S.A.'s treasury stock (thousands of Euros) 73,061 77,371 69,597 73,753218A World Full Of Energy