APC 2004 Annual Report Download - page 121

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119
Liabilities and shareholders' equity
(
thousands, at December 31)
2004 2003 2002
Shareholders' equity
Capital stock
(note 8)
1,809,553.4 1,854,737.4 1,926,503.2
Additional paid-in capital
(note 8)
4,049,932.1 4,290,833.0 4,895,209.6
Reserves and retained earnings
(note 8)
Legal reserve 192,650.3 192,650.3 -
Retained earnings 169,239.3 - -
Net income for the year 558,767.4 474,732.4 221,139.4
Untaxed provisions 425.0 425.0 425.0
Total I 6,780,567.5 6,813,378.1 7,043,277.2
Reserves for contingencies and pension accruals
(note 9)
Reserves for contingencies 8,911.8 10,914.7 14,462.4
Accruals for pensions 18,800.0 10,986.2 10,986.2
Total II 27,711.8 21,900.9 25,448.6
Liabilities
Bonds
(note 10)
1,200,000.0 2,151,000.0 1,450,000.0
Other borrowings
(note 11)
70,437.0 95,797.0 427,179.2
Amounts payable to subsidiaries and affiliates 13.4 13.4 13.4
Short-term bank loans and overdrafts and other debt
(note 11)
2,191.0 4,372.7 6,128.5
Accounts payable - trade 936.8 598.5 10,607.1
Accrued taxes and payroll costs
(note 12)
1,295.7 309.5 786.6
Other liabilities
(note 13)
2,168.6 61,928.0 58,641.9
Total III 1,277,042.5 2,314,019.1 1,953,356.7
Deferred income 1,100.2 1,345.2 446.2
Conversion gains - - -
Total liabilities and shareholders' equity 8,086,422.0 9,150,643.3 9,022,528.7
The notes form an integral part of these financial statements.
Company financial statements