4.4 Legal risk - Scor

These expenses are further allocated into categories by function as follows:
In EUR million 2012 2011 2010
Acquisition and administrative expenses 349 292 263
Investment management expenses 30 26 24
Claims settlement expenses 32 30 29
Other current operating expenses 177 120 105
OTHER OPERATING AND ADMINISTRATIVE EXPENSES 588 468 421
Group audit fees for services rendered during the year are detailed below:
In EUR
thousand
Ernst&Young Mazars Total
Amount
(excluding
%
Amount
(excluding
%
Amount
(excluding
%
taxes)
taxes)
taxes)
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Audit (1) 4,870 3,813 91% 75% 3,921 3,415 97% 84% 8,791 7,229 94% 79%
SCOR SE 868 538 16% 11% 815 528 20% 13% 1,683 1,067 18% 12%
Fully
consolidated
subsidiaries 4,002 3,275 75% 64% 3,106 2,887 77% 71% 7,108 6,162 76% 67%
Other audit
related (2) 75 1,216 2% 24% 95 650 3% 16% 170 1,866 2% 20%
SCOR SE 55 1,150 1% 22% 74 569 2% 14% 129 1,719 1% 19%
Fully
consolidated
subsidiaries 20 66 1% 1% 21 81 1% 2% 41 147 1% 2%
Other (3) 385 86 7% 2% 11 - - - 396 86 4% 1%
Legal. tax.
social
security 162 86 3% 2% 8 - - - 170 86 2% 1%
Other 223 - 4% - 3 - - - 226 - 2% -
TOTAL 5,330 5,115 100% 100% 4,027 4,065 100% 100% 9,357 9,181 100% 100%
(1) Statutory audit and certification of local and consolidated financial statements
(2) Other specific audit assignment related to statutory audit
(3) Other services, rendered by the Auditors to the fully-consolidated companies and due diligence
20.1.6.23 NOTE 23 - EARNINGS PER SHARE
Basic and diluted earnings per share are calculated as follows for the years ended 31 December 2012, 2011 and 2010
respectively:
At 31 December 2012 At 31 December 2011 At 31 December 2010
Shares (1),(2)
Shares (1),(2)
Shares (1),(2)
(denominator)
Net income
(denomi-
Net income
(denomi-
per share Net income nator) per share Net income nator)
(thousands) (EUR) (numer-ator) (thousands) (EUR) (numer-ator) (thousands)
Net income
(numer-ator)
Net income
per share
(EUR)
In EUR million
Net income 418 - - 330 - - 418 - -
Earnings per share
Net income attributable to
ordinary shareholders 418 183,841 2.28 330 183,379 1.80 418 180,125 2.32
Diluted earnings per
share
Dilutive effects - - - - - - - - -
Stock options and sharebased
compensation (3) - 3,070 - - 3,475 - - 4,034 -
Net income attributable
to ordinary
shareholders and
estimated conversions 418 186,911 2.24 330 186,854 1.77 418 184,159 2.27
(1) Average number of shares during the period. See Note 1 of the consolidated financial statements
(2) After stock consolidation on 3 January 2007: 1 new share equals 10 old shares
(3) Calculated assuming all options are exercised where the average SCOR share price for the year exceeds the option exercise price
264