Annual Report 2010 - Scana Industrier ASA

61Tax included in the total result: 2010 2009Hedge accounting net investment -4 761 11 161Electricity derivatives 5 600 801Total tax included in the total result 839 11 962Note 7. Earnings per shareAnnual Report 2010 Scana Industrier ASAOrdinary earnings per share are calculated as the ratio between the financial result for the year that falls to the shareholders and the weightedaverage of outstanding shares.The earnings per diluted share is the result that falls to the shareholders and the number of weighted average outstanding shares is adjusted forall dilution effects related to share options. The “denominator” includes all share options that are “in-the-money” and can be exercised over theoptions’ validity period in the current year.2010 2009Net profit/loss for the year -118 314 250 389Weighted average no. of shares *) 167 570 048 166 117 032Effect of dilution:Options/subscription rights 1 184 548 1 247 671Weighted average no. of shares adjusted for effect of dilution 168 754 596 167 364 703Earnings per share -0.71 1.51Earnings per diluted share -0.70 1.50*) In the weighted average number of shares, the effect of the company’s weighted holding of own shares has been taken into account.Note 8. Intangible assetsPatents and Development Customers/IIntangible assets 31.12.10 licences Goodwill costs order reserve TotalAcquisition costAccumulated 01.01 16 452 112 223 45 478 35 196 209 349Additions 705 0 5 904 0 6 609Translation differences 579 -13 3 405 -3 184 787Transfers 0 0 0 0 0Disposals 0 0 0 0 0Accumulated 31.12 17 736 112 210 54 787 32 012 216 745Depreciation and write-downsAccumulated 01.01 4 862 15 617 19 071 20 131 59 681Depreciation and write-downs for the year 1 111 10 000 1 681 6 631 19 423Translation differences 149 0 701 -756 94Disposals 0 0 0 0 0Accumulated 31.12 6 122 25 617 21 453 26 006 79 198Book value 31.12 11 614 86 593 33 334 6 006 137 547Depreciation period in no. of years 10 - 50 no depreciation 5* 5*) The straight-line depreciation method has been used. See below for further information.