Annual Report 2010 - SBM Offshore
Annual Report 2010 - SBM Offshore
Annual Report 2010 - SBM Offshore
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Financial Review / Financial Statements <strong>2010</strong><br />
8. Earnings per share<br />
The basic earnings per share for the period amounts<br />
to US$ 1.44 (2009: US$ 1.47); the fully diluted earnings<br />
per share amounts to US$ 1.42 (2009: US$ 1.46).<br />
Basic earnings per share amounts are calculated by<br />
dividing net profit for the year attributable to shareholders<br />
of the Company by the weighted average number<br />
of shares outstanding during the year. Diluted earnings<br />
per share amounts are calculated by dividing the net<br />
profit attributable to shareholders of the Company by<br />
the weighted average number of shares outstanding<br />
during the year plus the weighted average number of<br />
shares that would be issued on the conversion of all the<br />
dilutive potential shares into ordinary shares.<br />
The following reflects the share data used in the basic<br />
and diluted earnings per share computations:<br />
<strong>2010</strong> 2009<br />
Number of shares outstanding at 1 January 164,459,980 145,613,988<br />
Stock dividend 1,659,191 2,364,638<br />
New shares issued 976,606 2,122,300<br />
Weighted average number of shares 31 December 167,095,777 150,100,926<br />
Potential dilutive shares from stock option scheme and other share-based payments 1,339,806 960,924<br />
Weighted average number of shares (diluted) at 31 December 168,435,583 151,061,850<br />
There have been no other transactions involving ordinary<br />
shares or potential ordinary shares between the<br />
reporting date and the date of completion of these<br />
financial statements, except for stock options exercised<br />
in accordance with the stock option scheme and<br />
issue of matching shares to the Board of Management<br />
and other senior management.<br />
9. Dividends paid and proposed<br />
in thousands of US$<br />
CASH DIVIDEND DECLARED AND PAID DURING THE YEAR<br />
<strong>2010</strong> 2009<br />
Final dividends for 2009 58,398 -<br />
Final dividends for 2008 - 69,919<br />
58,398 69,919<br />
PROPOSED FOR APPROVAL OF THE AGM<br />
Final dividend <strong>2010</strong> 119,754 -<br />
Final dividend 2009 - 110,188<br />
119,754 110,188<br />
DIVIDEND PER SHARE<br />
Final dividend <strong>2010</strong> US$ 0.71 -<br />
Final dividend 2009 - US$ 0.67<br />
144 <strong>SBM</strong> <strong>Offshore</strong> – <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>
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