Key Figures	2008	2007	2006	2005	2004
Market price 31. December, NOK	32,50	66,25	68,41	83,25	52,12
Taxable price as of 1 January following year, NOK	32,70	56,10	54,44	54,00	33,88
Dividend per certificate, NOK	1,00	4,75	4,34	5,07	3,33
Direct return 1)	3,1 %	7,2 %	6,3 %	6,1 %	6,4 %
Effective return 2)	-43,8 %	3,2 %	-11,7 %	66,1 %	40,0 %
Book value per certificate, NOK 3)	38,5	40,8	34,9	34,3	31,8
Earnings per certificate, NOK 4)	3,60	7,85	7,78	7,75	5,72
Payout ratio, net 5)	33 %	84 %	68 %	67 %	61 %
Primary capital certificate percentage 6)	56,1	54,9 %	51,0 %	53,0 %	56,3 %
RISK amount as of 1. January following year, NOK	n.a.	n.a.	n.a.	0,65	2,19
Number of issued primary capital certificates 31. December	74 903 345	70 969 909	60 305 560	60 305 560	60 305 560
Own primary capital certificates 31. December	294 264	294 264	244 264	157 269	3 827
Number of primary capital certificates outstanding 31. December	74 609 081	70 675 645	60 061 296	60 148 291	60 301 733
Primary capital certificates traded per year (in percent of issued certificates)	30 %	23 %	35 %	36 %	27 %

 

 

1) Dividend as a percentage of year-end market price.

2) Price increase throughout the year plus paid dividend as a percentage of market price at the beginning of the year.

3) Primary capital, equalisation reserve and premium reserve divided by the number of outstanding certificates.

4) Primary capital certificates' share of the group's profit after tax.

5) Dividend as a percentage of allocated profit to primary capital certificate holders.

6) Primary capital, equalisation reserve and premium reserve as a percentage of parent bank's equity at year-end (excluding allocated dividend, valuation difference fund and unrealised gains fund). As a result of the issue in 2008, the primary capital certificate ratio rose from 54.9 per cent to 56.5 per cent. Applied primary capital certificate ratio for 2008 is 56.0 per cent.