Note 18 - Common stock
2008 2007
    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 
2008 2007
    No. No.  
Shares of 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 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 2004, 2005, and 2006.
2008 2007
    No. No.  
Shares of stock in circulation
Number of shares at January 1 61,802,280  61,805,506 
Purchase of treasury stock   - (908,825)
Sale of treasury stock   154,193  905,599   
Shares of stock in circulation at December 31 61,956,473  61,802,280 
2008 2007
    DKK million DKK million  
Treasury stock - B stock
Carrying amount
Carrying amount at January 1 1,837  1,449 
Additions during the year   - 500 
Disposals during the year (24) (112)
Other   (22)   -  
Carrying amount at December 31 1,791  1,837 
Nominal value
Nominal value at January 1 32  32 
Additions during the year   -
Disposals during the year   (2) (1)  
Nominal value at December 31 30  32 
2008 2007
    No. No.  
Number of shares
Number of shares at January 1 3,197,720  3,194,494 
Additions during the year   - 908,825 
Disposals during the year   (154,193) (905,599)  
Number of shares at December 31 3,043,527  3,197,720 

2008 2007
    % %  
Percentage of common stock
Percentage of common stock at January 1 4.9% 4.9%
Additions during the year   - 1.4%
Disposals during the year   (0.2)% (1.4)%  
Percentage of common stock at December 31 4.7% 4.9%
Purchase of treasury stock was carried out  to adjust equity ratio and hedge stock options.
2008 2007
    DKK million DKK million  
Profit basis for earnings per share 1,062  1,042 
2008 2007
     No.  No.  
Average number of shares:
Average shares of stock 61,869,489  61,914,753 
Adjustment for stock options   1,132,822  1,709,281   
Average number of diluted shares 63,002,311  63,624,034