Annual Report

Notes – Marine Subsea Consolidated
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. The company has two categories of dilutive potential ordinary shares: convertible debt and share options. For the share
options, a calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average annual
market share price of the Company’s shares) based on the monetary value of the subscription rights attached to outstanding share options. The
number of shares calculated as above is compared with the number of share that would have been issued assuming the exercise of the share options.
Amounts in USD 1 000
For the 12 months ending
31 December
2009 2008
Profit attributable to equity holders of the company -41 629 19 979
Adjusted profit / (loss) attributable to ordinary equity holders of the parent company -41 629 19 979
Weighted average number of ordinary shares in issue (thousands) 68 173 66 724
Weithted average number of shares under option 0 1 000
Weighted average number of shares that would have been issud at average market price 0 -545
Weighted average number of ordinary shares for 68 173 67 179
diluted earnings per share (thousands)
Diluted earnings (loss) per share (USD per share) -0.61 0.30
Note 25 – External audit remuneration
The following table shows total audit and non-audit fees expensed excluding VAT:
Amounts in USD 1 000 Audit fee Assurance
services
2008
Tax services
Other nonaudit
services
Marine Subsea AS 129 59 0 68 256
Other Group companies 123 106 0 3 232
Total
2009
Marine Subsea AS 153 69 15 20 257
Other Group companies 98 0 0 5 103
Annual Report 2009 Marine Subsea 51