Annual Report 2008 Sustainable design & engineering - Grontmij

Notes to the consolidated financial statements
The authorised share capital of 60 million shares is divided into 30 million ordinary shares each with a nominal value of € 0.25, and 30 million
preference shares each with a nominal value of € 0.25. The number of ordinary shares issued and fully paid-up as at 31 December 2008 and as at
31 December 2007 was 17,764,920.
No preference shares are issued. Grontmij did not purchase any own shares.
The Executive Board proposes to make a dividend payable chargeable to the unappropriated profit for 2008 of € 1.15 (2007: € 1.10) per
(depositary receipt of a) share issued.
Share premium
The share premium is comprised of capital contributions from shareholders above nominal value, and is regarded as paid up capital. Share
premium is tax-free distributable.
Translation reserve
This reserve comprises the currency translation differences relating to the translation of the financial statements of Group entities having a
functional currency other than the euro. This reserve qualifies as a legal reserve under Dutch law.
Hedging reserve
The hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to
hedged transactions that have not yet occurred.
Other reserves
The reserve contains retained earnings of previous years and also includes changes in the legal reserve.
The latter relates to a legal reserve under Dutch law, relating to retained profits from equity accounted investees as far as the Group is not able to
manage the distribution thereof independently.
18. Earnings per share
The profit attributable to shareholders of Grontmij amounts to € 38,320,000 (2007: € 32,688,000). The weighted average number of shares issued
for 2008 and 2007 is 17,764,920.
Earnings per share in 2008 amount to € 2.16 (2007: € 1.84). The diluted earnings per share are equal to the basic earnings per share for both 2008
and 2007.
19. Employee benefits
The Group has entered into several plans that provide pension for employees upon retirement. These concern both defined contribution plans
and defined benefit plans.
The Dutch defined benefit plan is administered by Stichting Grontmij Pensioenfonds. Reference is made to note 33 of the consolidated financial
statements.
In Germany as well as in the United Kingdom there is a limited defined benefit plan for one of the operating companies only. The German plan is
unfunded.
The pension scheme for Sweden constitutes a hybrid plan. The part of the plan that can be considered as a defined benefit plan is a multi
employer plan. There is no consistent and reliable basis of information to recognize the plan as a defined benefit plan; for this reason, the plan is
accounted for as a defined contribution plan.
The Group participates in defined contribution plans only in Belgium, Denmark, the United Kingdom and Ireland. In Poland there is no
post-employment benefit plan, as is the case with the entities in the focus countries that are part of the Group.
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