Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Note 12 – Other payables<br />
Amounts in USD 1 000 2009 2008<br />
Accrued interest 3 771 2 625<br />
Accrued expenses 5 748 592<br />
Other current liabilities 193 0<br />
Total other current liabilities 9 711 3 217<br />
The carrying amount of trade and other payable is considered to approximate their fair value.<br />
Note 13 – Earnings per share<br />
Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary<br />
shares in issue during the year.<br />
2009 2008<br />
Profit (loss) attributable to equity holders of the -24 832 20 880<br />
Company<br />
Weighted average number of ordinary shares in 68 173 66 724<br />
issue (thousands), adjusted with split of shares in January<br />
Basic earnings (loss) per share (USD per share) -0,37 0,3<br />
Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive<br />
potential ordinary shares. The company had in 2008 two categories of dilutive potential ordinary shares: convertible debt and share options. For the<br />
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<br />
market share price of the Company’s shares) based on the monetary value of the subscription rights attached to outstanding share options. The<br />
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.<br />
2009 2008<br />
Profit attributable to equity holders of the company -24 832 20 880<br />
Adjusted profit / (loss) attributable to ordinary equity holders of the parent company -24 832 20 880<br />
Weighted average number of ordinary shares in issue (thousands) 68 173 66 724<br />
Weithted average number of shares under option 0 1 000<br />
Weighted average number of shares that would have been issud at average market price 0 -545<br />
Weighted average number of ordinary shares for 68 173 67 179<br />
diluted earnings per share (thousands)<br />
Diluted earnings per share (USD per share) -0,36 0,31<br />
66 Marine Subsea <strong>Annual</strong> <strong>Report</strong> 2009
Change language