Statements of changes in equity

Consolidated

(Amounts in USD 1,000)

Total no.
of shares

Share
capital

Share premium
reserves

Exchange rate
differences

Other
reserves

Retained
earnings

Shareholders’
equity

Non-controlling
interest

Total
equity

Equity as of December 31, 2014

387,591,380

3,876

522,361

-2,095

-43,396

304,237

784,982

38,666

823,649

Change previous periods

-

-

-

-

-869

-869

-

-869

Net loss to shareholders

-

-

-

-

-186,687

-186,687

-9,729

-196,416

Employee share schemes – value of employee services

-

-

-

-1,728

-

-1,728

-

-1,728

Currency translation differences

-

-

-9,687

-

-2,711

-12,398

209

-12,189

Pension remeasurement

-

-

-

-

1,178

1,178

-

1,178

Share issues in partially owned subsidiaries

-

-

-

-

-

-

6,276

6,276

Cash flow hedge

-

-

-

-65,866

-

-65,866

-

-65,866

Reclassification to profit or loss

-

-

-

14,621

-

14,621

-

14,621

Capital reduction in partially owned subsidiaries

-

-

-

-

-

-

-4,811

-4,811

Impairment of excess value partially owned subsidiaries

-

-

-

-

-

-

2,682

2,682

Share issue in Siem Offshore Inc.

454,430,000

4,544

94,438

-

-

-

98,983

-

98,983

Equity as of December 31, 2015

842,021,380

8,420

616,799

-11,782

-96,369

115,147

632,215

33,293

665,508

Change previous periods

-

-

-

-

-1,682

-1,682

-100

-1,782

Net loss to shareholders

-

-

-

-

-82,117

-82,117

-13,469

-95,586

Employee share schemes – value of employee services

-

-

-

516

-

516

-

516

Currency translation differences

-

-

-

-

-96

-96

1,201

1,105

Pension remeasurement

-

-

-

-

230

230

-

230

Share issues in partially owned subsidiaries

-

-

-

-

-

-

77,953

77,953

Cash flow hedge

-

-

-

41

-

41

-

41

Equity as of December 31, 2016

842,021,380

8,420

616,799

-11,782

-95,812

31,483

549,107

98,878

647,985

Share issues in partially owned subsidiaries

2016

2015

Minority share of new equity Siem WIS AS

885

1,336

Minority share of new equity Siem AHTS Pool AS

77,068

-

Total

77,953

1,336

Parent company

(Amounts in USD 1,000)

Total
no. of
shares

Share
capital

Share
premium
reserves

Exchange rate
differences

Other
reserves

Retained
earnings

Shareholders’
equity

               

Equity as of December 31, 2014

387,591,380

3,876

522,360

-100

-22,203

258,675

762,609

Change previous periods

-

-

-

-

8,410

8,410

Net loss

-

-

-

-

-16,196

-16,196

Employee share schemes – value of employee services

-

-

-

-

-1,218

-1,218

Share issue

454,430,000

4,544

94,438

-

-

-

98,983

Equity as of December 31, 2015

842,021,380

8,420

616,799

-100

-22,203

249,671

852,588

       

Change previous periods

-

-

-

-

4,725

4,725

Other items, CIRR

-

-

-

-

368

368

Net loss

-

-

-

-

-15,134

-15,134

Share option program

-

-

-

-

527

527

Equity as of December 31, 2016

842,021,380

8,420

616,799

-100

-22,203

240,158

843,075

Board Of Directors

Financial Statements

Notes