PDF - Somero Enterprises

Section 4
Financial statements Somero Enterprises, Inc. and Subsidiaries
Consolidated Statements of Changes in Stockholders’ Equity
For the years ended 31 December 2006 and 2007
Common Stock – Common Stock – Common Stock Other
Series A Series B compre- Total
Additional hensive stock- Comprepaid
in Retained income holders’ hensive
Shares Amount Shares Amount Shares Amount capital earnings (loss) equity income
Number US$ 000 Number US$ 000 Number US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000
Balance –
31 December 2005 1,000 – 94,000 – – – 17,783 962 (3) 18,742 959
Amended and
restated certificate
of incorporation
(10/05/06) (1,000) – (94,000) – 30,000,000 – – – – – –
Issuance of
common stock
(11/01/06) net
of issuance costs 4,281,968 4 5,874 – – 5,878 –
Cumulative translation
adjustment – – – – – – – – 5 5 5
Net income – – – – – – – 5,381 – 5,381 5,381
Share based
compensation 59 59
Dividends paid – – – – – – (1,790) – – (1,790) –
Balance –
31 December 2006 – – – – 34,281,968 4 21,926 6,343 2 28,275 5,386
Cumulative translation
adjustment (5) (5) (5)
Change in fair value
of derivative
instruments (245) (245) (245)
Net income 6,927 6,927 6,927
Share based
compensation 418 418
Dividends paid (1,142) (1,142)
Balance –
31 December 2007 – – – – 34,281,968 4 22,344 12,128 (248) 34,228 6,677
See notes to consolidated financial statements.
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Somero Enterprises, Inc.
Annual Report and Accounts 2007