Note 18 - Common stock


Audited by PwC
2009 2008
    DKK million DKK million  
Common stock
Nominal value
A common stock 107  107 
B common stock   543  543   
Common stock at December 31 650  650 
2009 2008
    No. No.  
Shares of common stock
A shares of DKK 10 10,748,720  10,748,720 
B shares of DKK 10   54,251,280  54,251,280   
Shares of common stock at December 31 65,000,000  65,000,000 
Each A share gives an entitlement to 100 votes, while each B share gives an entitlement to 10 votes. The common stock was written down in 2005 and 2006.
2009 2008
    No. No.  
Shares of common stock in circulation
Shares of stock at January 1 61,956,473  61,802,280 
Sale of treasury stock   218,772  154,193   
Shares of common stock in circulation at December 31 62,175,245  61,956,473 
2009 2008
    DKK million DKK million  
Treasury stock - B stock
Carrying amount
Carrying amount at January 1 1,791  1,837 
Disposals during the year (36) (24)
Other   (131) (22)  
Carrying amount at December 31 1,624  1,791 
Nominal value
Nominal value at January 1 30  32 
Disposals during the year   (2) (2)  
Nominal value at December 31 28  30 
2009 2008
    No. No.  
Shares of treasury stock
Shares of stock at January 1 3,043,527  3,197,720 
Disposals during the year   (218,772) (154,193)  
Shares of stock at December 31 2,824,755  3,043,527 

2009 2008
    % %  
Percentage of common stock
Percentage of common stock at January 1 4.7% 4.9%
Disposals during the year   (0.4)% -0.2%  
Percentage of common stock at December 31 4.3% 4.7%
2009 2008
    DKK million DKK million  
Profit basis for earnings per share 1,194  1,062 
2009 2008
     No.  No.  
Average number of shares:
Average shares of stock 62,053,218  61,869,489 
Adjustment for stock options   1,017,809  1,132,822   
Average number of diluted shares 63,071,027  63,002,311 
 
 

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