APC 2003 Annual Report Download - page 138

Assemblée générale mixte du 6 mai 2004
136
3. Resolutions
Resolutions voted on in
Annual Shareholders’ Meeting
First Resolution
(2003 financial statements)
The General Meeting, acting with the quorum and
majority required for ordinary General Meetings and
having heard the reports of the Board of Directors
and the Auditors, approves the transactions and
financial statements for the year ended December
31, 2003, as presented by the Board of Directors.
Second resolution
(2003 consolidated financial statements)
The General Meeting, acting with the quorum and
majority required for ordinary General Meetings and
having heard the reports of the Board of Directors
and the Auditors, approves the consolidated financial
statements for the year ended December 31, 2003,
as presented by the Board of Directors.
Third resolution
(Agreements governed by article L.225-38 of
the Commercial Code)
The General Meeting, acting with the quorum and
majority required for ordinary General Meetings and
having heard the Auditors’ Special Report on agree-
ments governed by article L.225-38 of the Commer-
cial Code, presented in accordance with article
L.225-40 of the Code, notes the information con-
tained in the Auditors’ Report.
Fourth resolution
(Allocation to retained earnings, appropriation of
income, and dividend payment)
The General Meeting, acting with the quorum and
majority required for ordinary General Meetings,
resolves to:
1) Allocate to retained earnings précompte equaliza-
tion tax overpaid on dividends for 1999, 2000 and
2001 that has been refunded by the French Treasury,
in an amount of €23,105,796.39, along with unpaid
dividends on treasury shares, in an amount of
€6,459,705, representing total retained earnings of
€29,565,501.39.
2) Appropriate income available for distribution in the
amount of €504,297,914.47, corresponding to net
income for the year of €474,732,413.08 plus the
above amounts credited to retained earnings, as fol-
lows:
Dividends € 255,026,387.00
Précompte equalization tax € 93,331,322.00
Retained earnings € 155,940,205.47
Total € 504,297,914.47
The dividend will amount to € 1.10 for the
231,842,170 € 8 par value shares cum dividend
January 1, 2003 that were outstanding on December
31, 2003. The total revenue will include a € 0.55 tax
credit for individual shareholders and companies at
the head of a tax group and a tax credit equal to 10%
of the dividend paid for other shareholders.
Unpaid dividends on shares held in treasury as of
the ex-dividend date and the corresponding amount
of
précompte equalization tax not due to the French
treasury will be allocated to retained earnings.
Dividend payments for the last three years were as
follows:
Net Avoir Total
dividend fiscal tax revenue
credit
2000  1.60  0.80 (1)  2.40
 0.40 (2)  2.00
2001 (3)  1.30 -  1.30
2002  1.00, 0.50 (1)  1.50
 0.10 (4)  1.10
(1) 50% tax credit
(2) 25% tax credit
(3) Return of capital in lieu of a dividend that did not qualify for
any tax credit and was not subject to personal income tax or
the CSG or CRDS taxes in France.
(4) 10% tax credit
Fifth resolution
(Election of a Director)
The General Meeting, acting with the quorum and
majority required for ordinary General Meetings
elects Caisse des Dépôts et de Consignations, rep-
resented by Jérôme Gallot, as Director for a period of
four years expiring at the Annual Shareholders’
Meeting to be called in 2008 to approve the 2007
accounts.