Statement of changes in shareholders’ equity
Telenor ASA for the year ended 31 December 2005, 2006 and 2007
| NOK in millions (except for number of shares) | Number of shares | Share capital | Own shares | Other paid in capital | Other equity | Retained earnings | Total equity |
| Equity as of 01.01.2005 | 1 749 697 047 | 10 498 | (87) | 17 539 | 4 017 | 11 450 | 43 417 |
| Profit for the year 2005 | - | - | - | - | - | 2 188 | 2 188 |
| Dividends | - | - | - | - | - | (2 595) | (2 595) |
| Share based payment | - | - | - | - | 1 | - | 1 |
| Transfer from share premium account | - | - | - | (1 937) | 1 937 | - | - |
| Share buy back | - | - | (259) | - | (2 008) | - | (2 267) |
| Sale of shares, share issue and | |||||||
| share options to employees | 737 671 | 4 | 6 | 19 | 45 | - | 74 |
| Cancellation of shares | (43 864 425) | (263) | 263 | - | - | - | - |
| Equity as of 31.12.2005 | 1 706 570 293 | 10 239 | (77) | 15 621 | 3 992 | 11 043 | 40 818 |
| Profit for the year 2006 | - | - | - | - | - | 2 796 | 2 796 |
| Dividends | - | - | - | - | - | (3 389) | (3 389) |
| Valuation gains (losses) on cash flow hedge | - | - | - | - | 23 | - | 23 |
| Share based payment | - | - | - | - | 7 | - | 7 |
| Transfer from share premium account | - | - | - | (5 000) | 5 000 | - | - |
| Share buy back | - | - | (94) | - | (807) | - | (901) |
| Sale of shares, share issue and | |||||||
| share options to employees | - | - | 13 | - | 91 | - | 104 |
| Cancellation of shares | (26 295 723) | (158) | 158 | (1 278) | 1 278 | - | - |
| Equity as of 31.12.2006 | 1 680 274 570 | 10 081 | - | 9 343 | 9 584 | 10 450 | 39 458 |
| Profit for the year 2007 | - | - | - | - | - | 5 060 | 5 060 |
| Dividends | - | - | - | - | (4 201) | - | (4 201) |
| Transfer from share premium account | - | - | - | (5 000) | 5 000 | - | - |
| Valuation gains (losses) on cash flow hedge | - | - | - | - | 4 | - | 4 |
| Share based payment | - | - | - | - | 6 | - | 6 |
| Share buy back | - | - | (20) | - | (422) | - | (442) |
| Sale of shares, share issue and share | |||||||
| options to employees | - | - | 2 | - | 30 | - | 32 |
| Equity as of 31.12.2007 | 1 680 274 570 | 10 081 | (18) | 4 343 | 10 001 | 15 510 | 39 917 |
| Fund related to unrealised gains amounted to NOK 65 million included in Other equity as of 31 December 2007. Nominal value per share is NOK 6. As of 31 December 2007, Telenor ASA had 2,931,222 own shares. See note 31 to the consolidated financial statements. |
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| Dividends | 2007 | 2006 | 2005 | ||||
| Dividends per share in NOK - paid | 2.50 | 2.00 | 1.50 | ||||
| Dividends per share in NOK - proposed by the Board of Directors | 3.40 | 2.50 | 2.00 | ||||
Total dividends of NOK 4,201 million were paid in June 2007. In June 2006, NOK 3,389 million was paid in dividends.
Equity available for distribution as dividends from Telenor ASA was NOK 24,369 million as of 31 December 2007.
In respect of 2007, the Board of directors proposes that a dividend of NOK 3.40 per share will be paid to shareholders. The total estimated dividend to be paid is NOK 5.7 billion.