Get Adobe Flash player

Financial statements

CONSOLIDATED FINANCIAL STATEMENTS

5

Note 25.2. Diluted earnings per share

Based on the above number of potential shares and the average Accor share price for 2012 of €25.17, the diluted weighted average number of shares outstanding at December 31, 2012, was 227,265,626. Diluted earnings per share were therefore calculated as follows:

(in million of euros) Dec. 2011

(599) 227,266 --227,266 (2.64) Dec. 2012

NET PROFIT, GROUP SHARE (continuing operations and discontinued operations) 27

Weighted average number of ordinary shares (in thousands) 227,107

Number of shares resulting from the exercise of stock options (in thousands) 686

Number of shares resulting from performance shares grants (in thousands) 135

Fully diluted weighted average number of shares (in thousands) 227,928

DILUTED EARNINGS PER SHARE (in euros) 0.12

All share-based payment plans in force at December 31, 2012 were anti-dilutive. Consequently, they have not been included in the calculation of diluted earnings per share in line with IAS 33.

Note 25.3. Share-based payments

Stock option plans

Description of the main plans

The following table summarizes the characteristics of stock options outstanding at December 31, 2012, as well as of options that were cancelled or expired during the period.

Number Life of options Number Exercise Cash-settled Grant date of plan granted Option exercise date of grantees price or equity settled

Plan 9 January 7, 2004 8 years 1,990,485 From 01/08/07 until 01/07/12 1,517 €23.66 Equity

Plan 10* July 9, 2004 8 years 131,619 From 07/09/07 until 07/09/12 3,390 €22.51 Equity

Plan 11 January 12, 2005 7 years 1,750,528 From 01/13/09 until 01/12/12 903 €21.50 Equity

Plan 12 January 9, 2006 7 years 1,840,601 From 01/10/10 until 01/09/13 191 €30.60 Equity

Plan 13 March 24, 2006 7 years 963,293 From 03/25/10 until 03/24/13 818 €32.56 Equity

Plan 14 March 22, 2007 7 years 2,183,901 From 03/23/11 until 03/22/14 958 €45.52 Equity

Plan 15 May 14, 2007 7 years 129,694 From 05/15/11 until 05/14/14 11 €47.56 Equity

Plan 16* September 13, 2007 8 years 2,139 From 09/13/10 until 09/13/15 40 €40.08 Equity

Plan 17 March 28, 2008 7 years 2,080,442 From 03/29/12 until 03/28/15 1,022 €30.81 Equity

Plan 18 September 30, 2008 7 years 110,052 From 10/01/12 until 09/30/15 6 €28.32 Equity

Plan 19 March 31, 2009 8 years 1,429,456 From 04/01/13 until 03/31/17 1,138 €18.20 Equity

Plan 20 April 2, 2010 8 years 2,618,770 From 04/03/14 until 04/02/18 1,020 €26.66 Equity

Plan 21 April 2, 2010 8 years 153,478 From 04/03/14 until 04/02/18 10 €26.66 Equity

Plan 22 November 22, 2010 8 years 92,448 From 11/23/14 until 11/22/18 5 €30.49 Equity

Plan 23 April 4, 2011 8 years 621,754 From 04/05/15 until 04/04/19 783 €31.72 Equity

Plan 24 April 4, 2011 8 years 53,125 From 04/05/15 until 04/04/19 8 €31.72 Equity

* Plans 10 and 16 are stock savings warrants.

Plan 25 March 27, 2012 8 years 527,515 From 03/28 /16 until 03/27/20 390 €26.41 Equity

Plan 26 March 27, 2012 8 years 47,375 From 03/27/16 until 03/27/20 8 €26.41 Equity