CROIssANCE dURAbLE - Euronav.com

consolidated financial
statements for the year
ended 31 december 2008
income statement (in thousands of USD) note 31.12.2008 31.12.2007
Turnover - 856,309 530,937
Capital gains on disposal of vessels - 95,137 48,623
Other operating income 3 2,674 32,199
Expenses for shipping activities 4 -243,313 -234,794
Capital losses on disposal of vessels - - -
Depreciation and amortisation expenses - -144,873 -153,698
Impairment losses (-) / reversals (+) - - -
Staff costs 4 -17,900 -15,544
Other operating expenses 4 -25,023 -20,465
Restructuring costs - - -
Net result on freight and other similar derivatives 22 -9,115 3,071
result from operating activities 513,896 190,329
Finance income 5 1,935 3,519
Finance expenses 5 -90,329 -82,036
Net finance expense 5 -88,394 -78,517
Share of result of equity accounted investees - - -
Net result from other financial assets 6 -24,532 -
Net foreign exchange gains (+) / losses (-) 5 4,012 -9,267
result before income tax 404,982 102,545
Tax expense 7 -2,513 -1,490
result for the period 402,469 101,055
Attributable to:
Equity holders of the Company - 402,469 101,055
Minority interest - - -
Weighted number of shares 17 51,183,562 52,419,503
Basic earnings per share (in USD) 17 7,86 1,93
Diluted earnings per share (in USD) 17 7,86 1,93
euronav
annual
report 2008
45