| Quota value | |
| On December 31, 2009, and December 31, 2008, the share capital comprised of: | |
| 9,502,275 A-shares, with a quota value of SEK 5 | 48 |
| 299,418,033 B-shares, with a quota value of SEK 5 | 1,497 |
| Total | 1,545 |
| Number of shares | |||
| Owned by Electrolux | Owned by other shareholders | Total | |
| Shares, December 31, 2008 | |||
| A-shares | — | 9,502,275 | 9,502,275 |
| B-shares | 25,338,804 | 274,079,229 | 299,418,033 |
| Sold shares | |||
| A-shares | — | — | — |
| B-shares | –839,963 | 839,963 | — |
| Shares, December 31, 2009 | |||
| A-shares | — | 9,502,275 | 9,502,275 |
| B-shares | 24,498,841 | 274,919,192 | 299,418,033 |
The share capital of AB Electrolux consists of A-shares and B-shares. An A-share entitles the holder to one vote and a B-share to one-tenth of a vote. All shares entitle the holder to the same proportion of assets and earnings, and carry equal rights in terms of dividends.
| Earnings per share | ||
| 2009 | 2008 | |
| Income for the period | 2,607 | 366 |
| Earnings per share | ||
| Basic, SEK | 9.18 | 1.29 |
| Diluted, SEK | 9.16 | 1.29 |
| Average number of shares | ||
| Basic | 284.0 | 283.1 |
| Diluted | 284.6 | 283.2 |
Basic earnings per share is calculated by dividing the income for the period with the average number of shares. The average number of shares is the weighted average number of shares outstanding during the year, after repurchase of own shares.
Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. For the share options, a calculation is done to determine the number of shares that could have been acquired at fair value based on the monetary value of the subscription rights attached to outstanding share options. Performance share programs are included in the dilutive potential ordinary shares as from when a program has reached its entry level. The dilution from Electrolux incentive programs is a consequence of the remaining employee stock options and the 2009 performance share program.
As of December 31, 2009, Electrolux had sold a total of 839,963 (1,943,087) B-shares, with a total quota value of SEK 4m (10), to the participants in Electrolux long-term incentive programs. The average number of shares during the year has been 284,023,234 (283,113,768) and the average number of diluted shares has been 284,611,284 (283,175,018).