Share capital

Hedging reserve

Revaluation reserve

Reserve for exchange rate differences

Reserve for participating interests

Retained earnings

Profit for the year

Total

Balance at 1 January 2007

100,000

3,548

170,306

146

-

292,570

46,700

613,270

Exchange rate differences

-

-

-

-/- 942

-

-

-

-/- 942

Profit for the year

-

-

-

-

-

-

53,072

53,072

Addition to reserve for participating interests

-

-

-

-

4,021

-

-/- 4,021

-

Increase in fair value

-

-/- 1,601

-

-

-

-

-

-/- 1,601

Tax payable on increase in fair value

-

408

-

-

-

-

-

408

Realisation of revaluation

-

-

-/- 10,577

-

-

10,577

-

-

Profit appropriation 2006

-

-

-

-

-

46,700

-/- 46,700

-

Dividend 2006

-/- 25,000

-

-/- 25,000

Balance at 1 January 2008

100,000

 2,355

 159,729

 -/- 796

 4,021

 324,847

 49,051

 639,207

Exchange rate differences

-

-

-

-/- 2,621

-

-

-

-/- 2,621

Profit for the year

-

-

-

-

-

-

52,679

52,679

Addition to reserve for participating interests

-

-

-

-

878

-

-/- 878

-

Increase in fair value

-

-/- 5,141

-

-

-

-

-

-/- 5,141

Tax payable on increase in fair value

-

1,310

-

-

-

-

-

1,310

Realisation of revaluation

-

-

-/- 10,577

-

-

10,577

-

-

Profit appropriation 2007

-

-

-

-

-

49,051

-/- 49,051

-

Dividend 2007

-

-

-

-

-

-/- 27,000

-

-/- 27,000

Balance at 31 December 2008

100,000

 -/- 1,476

 149,152

 -/- 3,417

 4,899

 357,475

 51,801

 658,434