8 Shareholders' equity

Before appropriation of result 

 Issued capitalShare premiumRetained earningsNet result for the yearTotal equity
Balance at 1 January 201422541,367(22,482)4,90324,013
Net result for the year- - - 3,1733,173
Appropriation of result- - 4,903(4,903)-
Balance at 31 December 201422541,367(17,579)3,17327,186
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Before appropriation of result 

 Issued capitalShare premiumRetained earningsNet result for the yearTotal equity
Balance at 1 January 201322541,367(25,516)3,03419,110
Net result for the year- - - 4,9034,903
Appropriation of result- - 3,034(3,034)-
Balance at 31 December 201322541,367(22,482)4,90324,013
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