true value for employees
true value for employees
As Randstad believes that the true value of a company is derived from its people, we naturally take great care in the engagement and development of our own workforce.

16. Earnings per ordinary share

(amounts in millions of €, unless otherwise indicated)

   2008  2007
     
Net income      
Net income attributable to ordinary shareholders 11.0   384.9
       
Amortization and impairment acquisition-related intangible assets and impairment
goodwill (after taxes)
 641.5    10.1
       
Net income attributable to ordinary shareholders before amortization and impairment acquisition-related
intangible assets and impairment goodwill
 652.5    395.0
       
Numbers of ordinary shares      
Weighted average number of ordinary shares outstanding (in millions) 148.6   116.4
Dilutive effect of share-based payments (in millions) 0.3   0.4
       
Weighted average number of diluted ordinary shares outstanding (in millions)  148.9    116.8
       
Earnings per ordinary share      
Basic earnings per ordinary share (€) 0.07   3.31
Diluted earnings per ordinary share (€) 0.07   3.30
Diluted earnings per ordinary share before amortization and impairment acquisition-related intangible assets and impairment goodwill (€)  4.38      3.38

Basic earnings per ordinary share are calculated by dividing the net income attributable to the ordinary shareholders of Randstad Holding nv by the weighted average number of ordinary shares outstanding during the year, being issued ordinary share capital, adjusted for ordinary shares purchased by Randstad Holding nv and held as treasury shares.

Diluted earnings per ordinary share are calculated by adjusting the weighted average number of ordinary shares outstanding, assuming conversion of all dilutive potential ordinary shares. The dilutive potential ordinary shares arise from various share-based payment arrangements.