PDF - Somero Enterprises

Section 4Financial Statements: Somero Enterprises, Inc. and SubsidiariesConsolidated Statements of Changesin Stockholder’s EquityFor the period 11 August 2005 through 31 December 2005 and for the year ended 31 December 2006Common Stock – Series A Common Stock – Series B Common Stock Othercompre-Additional hensive Comprepaidin Retained income Total hensiveShares Amount Shares Amount Shares Amount capital earnings (loss) stockholders incomeUS$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 equity US$ 000Balance –11 August 2005 1,000 – – – – – – – – – –Issuance of shares – – 94,000 – – – – – – – –Contributed capital – – – – – – 1,100 – – 1,100 –Transfer of loan fromparent to equity – – – – – – 16,683 – – 16,683 –Cumulative translationadjustment – – – – – – – – (3) (3) (3)Net income – – – – – – – 962 – 962 962Balance –31 December 2005 1,000 – 94,000 – – – 17,783 962 (3) 18,742 959Amended and restatedcertificate ofincorporation(10/05/06) (1,000) – (94,000) – 30,000,000 – – – – – –Issuance of commonstock (11/01/06) net ofissuance costs 4,281,968 4 5,874 – – 5,878 –Cumulative translationadjustment – – – – – – – – 5 5 5Net income – – – – – – – 5,381 – 5,381 5,381Share-basedcompensation 59 59Dividends paid – – – – – – (1,790) – – (1,790) –Balance –31 December 2006 – – – – 34,281,968 4 21,926 6,343 2 28,275 5,386See notes to consolidated financial statements.32Somero Enterprises, Inc.Annual Report and Accounts 2006