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 | 48,675 | 61,059 |
Weighted average number of ordinary shares | 329,438 | 320,367 |
Basic earnings per share (€ per share) | 147.75 | 190.59 |
The Fund has no potentially dilutive ordinary shares. Therefore, the diluted earnings per share are the same as the basic earnings per share.