össur annual report2009 - Euroland
össur annual report2009 - Euroland
össur annual report2009 - Euroland
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Össur hf. consolidated financial stateMents 2009<br />
12. earnings per share<br />
The calculation of Earnings per Share is based on the following data:<br />
<strong>annual</strong> report 09<br />
80<br />
2009 2008<br />
Net profit 22,762 28,488<br />
Total average number of shares outstanding<br />
during the year (in thousands) 427,776 422,982<br />
Total average number of shares including potential<br />
shares (in thousands) 429,750 423,026<br />
Basic Earnings per Share (US cent) 5.32 6.74<br />
Diluted Earnings per Share (US cent) 5.30 6.73<br />
Cash Earnings per Share 9.70 12.29<br />
Diluted Cash Earnings per Share 9.66 12.29<br />
13. additional inforMation regarding cash floW<br />
2009 2008<br />
Net profit 22,762 28,488<br />
Items not affecting cash 21,711 29,582<br />
Working capital provided by operating activities 44,473 58,070<br />
Decrease / (increase) in inventories 13,787 ( 4,567 )<br />
Decrease in receivable 4,279 535<br />
Increase / (decrease) in payables 6,616 ( 1,203 )<br />
Net cash provided by operating activities 69,155 52,835<br />
NON-CASH TRANSACTIONS<br />
During the year the Company entered into the following non-cash investing and financing<br />
activities which are not reflected in the statement of cash flows:<br />
In February 2009 the Company refinanced its loan facilities where a bridge loan facility<br />
agreement with the outstanding amount of USD 48.7 million was converted to a longterm<br />
facility. This transaction is not reflected in the statement of cash flow.<br />
The purchase of 62.25% of shares in Team Makena was partly paid with the issue of a<br />
bond which is not reflected in the statement of cash flows.
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