7 Earnings per share

7 Earnings per share
	2008	2009
Total shares issued at 31 December	21,837,918	27,189,873
Less treasury shares at 31 December	– 314,286	0
Shares outstanding at 31 December	21,523,632	27,189,873
Weighted average number of shares outstanding	21,260,615	26,749,165
Net profit attributable to equity holders of Alpiq Holding (CHF million)	723	666
Earnings per share (CHF)	34.01	24.90

There are no circumstances that could have a dilutive effect on earnings per share.

Due to the transaction conducted in January 2009 in connection with the acquisition of the operations and assets of EOS and Emosson, the number of registered shares issued increased by 5,351,955 in the reporting period. Details of this transaction are disclosed in note 28.