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, 2013

387,591,380

3,876

522,361

9,005

-28,775

250,161

756,628

37,260

793,888

                   

Change previous periods

-

-

-

-

-

-1,510

-1,510

-

-1,510

Net profit to shareholders

-

-

-

-

-

58,147

58,147

12,563

70,710

Value of employee services

-

-

-

-

-

2,462

2,462

-

2,462

Currency translation differences

-

-

-

-11,100

-

-

-11,100

-293

-11,393

Pension remeasurement

-

-

-

-

-

1,510

1,510

-

1,510

Share issues in partially owned subsidiaries

-

-

-

-

-

-

-

1,336

1,336

Cash flow hedge

-

-

-

-

-14,621

-

-14,621

-

-14,621

Capital reduction in partially owned subsidiaries

-

-

-

-

-

-

-

-12,201

-12,201

Dividends paid

-

-

-

-

-

-6,533

-6,533

-

-6,533

Share issue costs

-

-

-

-

-

-

-

-

-

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 profit to shareholders

-

-

-

-

-

-186,687

-186,687

-9,729

-196,416

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

                   

Share issues in partially owned subsidiaries

             

2015

2014

Minority share of new equity Siem WIS AS

-

-

-

-

-

-

-

1,336

590

Minority share of new equity Siem Offshore Ghana International AS

-

-

-

-

-

-

-

5,686

-

Total

-

-

-

-

-

-

-

1,336

6,276

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, 2013

387,591,380

3,876

522,360

-100

-22,203

324,612

828,546

Other items, CIRR

-

-

-

-

-

368

368

Net profit

-

-

-

-

-

-64,816

-64,816

Dividend paid

-

-

-

-

-

-6,533

-6,533

Share option program

-

-

-

-

-

5,044

5,044

Share issue costs

-

-

-

-

-

-

-

Effect of exchange rate differences

-

-

-

-

-

-

-

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 profit

-

-

-

-

-

-16,196

-16,196

Share option program

-

-

-

-

-

-1,218

-1,218

Share issue

454,430,000

4,544

94,438

-

-

-

98,983

Effect of exchange rate differences

-

-

-

-

-

-

-

Equity as of December 31, 2015

842,021,380

8,420

616,799

-100

-22,203

249,671

852,588