Note 19 - Shareholders' equity

DKKm
	Shareholders' equity
	Share capital

				2007		2006

	Issued shares			No. of shares	Nominal value (DKK'000)	No. of shares	Nominal value (DKK'000)
	Balance at 1 January			67,790,001	1,694,750	68,000,000	1,700,000
	Bought during the year			-221,200	-5,530	-247,440	-6,186
	Sold during the year			69,677	1,742	37,441	936
	Balance at 31 December			67,638,478	1,690,962	67,790,001	1,694,750


		2007			2006

	Treasury shares	No. of shares	Nominal value (DKK'000)	% of share capital	No. of shares	Nominal value (DKK'000)	% of share capital
	Balance at 1 January	209,999	5,250	0.30	0	0	0
	Bought during the year	221,200	5,530	0.33	247,440	6,186	0.36
	Used in connection with issue of employee shares	-69,677	-1,742	-0.10	-37,441	-936	-0,06
	Balance at 31 December	361,522	9,038	0.53	209,999	5,250	0,30

	Pursuant to the authorisation granted by the shareholders in general meeting, TrygVesta may acquire up to a maximum of nom. DKK 170m worth of treasury shares, corresponding to 10.0% of the share capital in the period until the next annual general meeting in 2008.
	In 2007, Tryg Vesta acquired treasury shares worth nom. DKK 5,530k, corresponding to 221,200 shares at a total cost of DKK 96,533k.
	Treasury shares are acquired for use in the Group's incentive programme.

	Capital adequacy, etc.
	Shareholders' equity according to annual report					10,010	9,951
	Subordinate loan capital					637	365
	Proposed dividend					-1,156	-2,244
	Solvency requirements to subsidiary undertakings					-3,681	-4,557
	Own shares					-143	0
	Capital base					5,667	3,515

	Weighted assets					7,030	6,064

	Solvency pct.					81	58

	The capital base and the solvency ratio are calculated in accordance with the Danish Financial Business Act.
	TrygVesta manages its capital requirement as described in “Capitalisation” in the management’s report'