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Annual Report

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Statement of changes in equity<br />

(All amounts in USD 1 000 if not otherwise stated)<br />

Share capital<br />

Share<br />

premium<br />

IFRS<br />

Paid in<br />

capital<br />

Retained<br />

earnings<br />

Inception on 16 October 2006 16 0 0 0 16<br />

Total<br />

Net profit/ (loss) for the period 0 0 0 -87 -87<br />

Balance at 31 December 2006 16 0 0 -87 -71<br />

Issue of share capital, net of share issuance cost January 2007 86 48 822 0 0 48 908<br />

Issue of share capital, net of share issuance cost July 2007 2 2 060 2 062<br />

Employee share option scheme, value of employee services 841 841<br />

Net profit/ (loss) for the period 0 0 0 2 530 2 530<br />

Balance at 31 December 2007 104 50 882 841 2 443 54 270<br />

Issue of share capital, net of share issuance cost August 2008 4 9 325 9 329<br />

Net profit/ (loss) for the period 20 880 20 880<br />

Balance at 31 December 2008 108 60 207 841 23 323 84 480<br />

Net profit/ (loss) for the period -24 832 -24 832<br />

Balance at 31 December 2009 108 60 207 841 -1 509 59 648<br />

58 Marine Subsea <strong>Annual</strong> <strong>Report</strong> 2009

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