Annual Report 2010 - CDON Group

CDON Group AB
Annual report 2010
Note 15 Earnings per share
Group
Before dilution After dilution
(SEK thousands) 2010 2009 2010 2009
Earnings per share 5.00 159.09 4.90 159.09
The numerator and denominator used in the above calculation are shown below.
Basic earnings per share 2010 2009
Profit/loss for the year attributable to parent company shareholders (SEK thousands) 90,835 79,554
Average number of shares 18,153,748 500,000
Basic earnings per share, SEK 5.00 159.09
The parent company has one class of potential equity share, a convertible bond. For detailed information, see Note 27.
Diluted earnings per share 2010 2009
Profit/loss for the year attributable to parent company equity holders (SEK thousands) 90,835 79,554
Interest effect on convertible bonds after tax (SEK thousands) 828 -
Diluted earnings attributable to parent company equity holders 91,663 79,554
Average number of shares 18,694,484 500,000
Diluted earnings per share, SEK 4.90 159.09
Earnings per share for 2009 have been recalculated with due regard to a 250:1 split in September 2010. The number of shares for 2009 is
500,000. Earnings per share for 2010 have, in addition to taking into account the 250:1 share split, been recalculated to reflect two new
share issues, in which the number of shares increased from 500,000 to 66,045,122 and 66,342,124 in September 2010 and October 2010
respectively. Weighted average number of shares after dilution for 2010 is 18,694,484.
Weighted average number of equity shares, after dilution 2010 2009
Weighted average number of equity shares during the year, before dilution 18,153,748 500,000
Effect of convertible bonds 540,735 -
Weighted average number of equity shares during the year, after dilution 18,694,484 500,000
Note 16 Equity
At 31 December 2010, share capital comprised 66,342,124 shares (2,000). Each share has a quotient value of SEK 2.
Issued shares (SEK thousands) No. of shares Quotient value
Shares issued 66,342,124 132,684
Total number of shares issued/total quotient value as of 31 December 2010 66,342,124 132,684
Change in number of shares/share capital
Date Event
Change in share
capital (SEK)
Change in no. of
shares
Share capital after
change (SEK)
No. of shares after
change
1936-12-11 Establishment 1,000,000 2,000 1,000,000 2,000
2010-09-24 Split - 498,000 1,000,000 500,000
2010-09-24 Offset issue 131,090,244 65,545,122 132,090,244 66 045 122
2010-10-26 Cash issue 595,004 297,002 132,684,248 66 342 124
No. of issued shares/share capital at 31 December 2010 66,342,124 132,684,248
The offset issue was implemented by offsetting previously issued loans from the Modern Times Group MTG AB for a value corresponding
to SEK 239,000,000. The CDON Group AB’s share capital thus increased to SEK 132,090,244.
Other capital contributions/share premium reserve
A share premium reserve arises when shares are issued at a premium; that is, shares were paid at a higher price than the quotient value.
Foreign currency translation reserve
The translation reserve includes all exchange-rate differences that arise from the translation of the financial statements of foreign
operations into Swedish kronor in the consolidated accounts.
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