Changes in Equity - I.M. Skaugen SE Group

USD ‘000
Share capital Other paid-in capital

Treasury
shares

Retained earnings Net unrealized gain reserve Minority interest Total
Shareholders' equity at 01.01.2005 55 725     8 080   2 977 66 782
Convertible bonds - conversion 3 651 8 417         12 068
Fair value adjustments         5 677   5 677
Aquisition treasury shares     (202) (471)     (673)
Net result 2005       19 440   1 067 20 507
Dividends       (17 443)     (17 443)
Shareholders' equity at 31.12.2005 59 376 8 417 (202) 9 606 5 677 4 044 86 918
Convertible bonds - conversion 3 716 10 259         13 975
Minority interest            787 787
Fair value adjustments             -
Net result 2006       9 683   953 10 636
Dividends       (1 301)     (1 301)
Shareholders' equity at 31.12.2006 63 092 18 676 (202) 17 988 5 677 5 784 111 015
Fair value adjustments         11 164   11 164
Distribution to minority interest 
(note 26) 
          (6 874) (6 874)
Net result 2007       14 785   1 877 16 662
Dividends       (7 761)     (7 761)
Shareholders' equity at 31.12.2007 63 092 18 676 (202) 25 012 16 841 787 124 206