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EARNINGS PER SHARE & DIVIDEND PER SHARE
 12 Months Ended
Dec. 31, 2017
Disclosure Of Earnings Per Share And Dividend Per Share [Abstract]  
EARNINGS PER SHARE & DIVIDEND PER SHARE
NOTE 26 – EARNINGS PER SHARE & DIVIDEND PER SHARE
 
 
2017
2016
2015
EARNINGS PER SHARE
   
    
Net profit/(loss) for the year (USDm)
2.4
  -142.5
 126.0
    
Million shares
   
Average number of shares
62.3
 63.1
 51.7
Average number of treasury shares
 -0.3
 -0.2
-
    
Average number of shares outstanding
62.0
62.9
 51.7
Dilutive effect of outstanding share options
-
-
-
Average number of shares outstanding incl. dilutive effect of share options
62.0
62.9
 51.7
    
Basic earnings/(loss) per share (USD)
0.04
 -2.3
2.4
    
Diluted earnings/(loss) per share (USD)
0.04
 -2.3
2.4
    
 
When calculating diluted earnings per share for 2017, RSUs have been omitted as they are out-of-the-money and thus anti-dilutive, but the RSUs may potentially dilute earnings per share in the future. Please refer to note 4 for information on the RSU share options.
 
 
2017
2016
2015
DIVIDEND PER SHARE
   
    
Dividend for the year (USDm)
 1.2
25.0
-
    
Number of shares, end of period (million)
62.3
62.3
63.8
Dividend per share
0.02
0.40
-
    
 
There is no proposed dividend as of 31 December 2017.