Page 96 - EVRY Annual Report 2012

Annual Accounts Group 96
Proposed dividend for 2012 is NOK 0.35 per share.
For corporate shareholders that are EEA resident taxation subjects (cf. Tax Act Section 2–38 (1)), dividends received after
7 October 2008 are taxable at 0.84% in accordance with the exemptionmethod. Companies outside the EEA that receive
dividends will be subject towithholding tax in accordance with the double taxation agreement between Norway and their
country of residence. If there is no double taxation agreement, withholding tax of 25% is deducted from the dividend.
For personal shareholders, dividend receipts are in principle liable to tax. Personal shareholders resident in Norway
are taxed on dividends in accordance with the standard deduction method.
Foreign personal shareholders will be subject to withholding tax in the same way as companies resident outside the
EEA. EEA citizens are entitled to offset withholding tax against tax on dividends.
The company is responsible for deducting the withholding tax due on payments to foreign shareholders.
Earnings per share
Earnings per share is calculated as profit for the year attributable to shareholders (owners of the parent company)
divided by the average weighted number of shares outstanding over the year. For the calculation of diluted earnings
per share, the average weighted number of shares outstanding over the year is adjusted for all dilutive effects in
respect of employee share options.
Employee share options will have a diluting effect in circumstances where options are in existence that can be exercised
and that are “in-the-money”. No employee share options were outstanding at the close of 2011 or at the close of 2012.
NOK 2012 2011 2010
Profit for the year attributable to shareholders (owners of the
parent) 150 900 000 212 600 000 -166 300 000
Share of comprehensive income attributable to shareholders
(owners of the parent) 43 030 000 15 900 000 -72 700 000
Total Profit for the year attributable to shareholders (owners of
the parent) 193 930 000 228 500 000 -239 000 000
Average number of shares in the period 266 421 202 265 912 188 177 914 125
Effect of employee options - - -
Diluted average number of shares 266 421 202 265 912 188 177 914 125
Number of share options outstanding (employees) - - 250 000
Earnings per share (NOK) 0.74 0.86 -1.34
Diluted earnings per share (NOK) 0.74 0.86 -1.34
Dividend proposed for approval by the Annual General Meeting
(not recognised as a liability at 31.12)
Proposed total dividend payment (NOK) 93 325 424 93 169 417 -
Proposed dividend per share (NOK) 0.35 0.35 -
Note 10