5 11.4.3. Earnings per share excluding non-recurring items The tables below set out in detail earnings per share excluding non-recurring items: 2021 Net profit attributable to owners of the company excluding non-recurring items (€ millions) Number of shares Earnings per share attributable to owners of the company excluding non-recurring items (€) Earnings per share excluding non-recurring items 4,938.5 557,600,698 8.86 Stock options - 55,463 - Free shares - 2,135,384 - DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS 4,938.5 559,791,545 8.82 2020 Net profit attributable to owners of the company excluding non-recurring items (€ millions) Number of shares Earnings per share attributable to owners of the company excluding non-recurring items (€) Earnings per share excluding non-recurring items 4,099.0 559,101,322 7.33 Stock options - 274,942 - Free shares - 2,259,699 - DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS 4,099.0 561,635,963 7.30 2019 Net profit attributable to owners of the company excluding non-recurring items (€ millions) Number of shares Earnings per share attributable to owners of the company excluding non-recurring items (€) Earnings per share excluding non-recurring items 4,356.9 559,739,718 7.78 Stock options - 666,108 - Free shares - 2,407,303 - DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS 4,356.9 562,813,129 7.74 11.4.4. Calculation of the number of shares All potential ordinary shares are included in the calculation of earnings per share since all stock option plans have a dilutive impact on the periods presented. At 31  December 2021, 338,664,185  shares had been held in registered form for two years making them eligible for the 10% preferential dividend. L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 333 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements