APC 2004 Annual Report Download - page 134

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132
2000 2001 2002 2003 2004
Capital and Potential Capital
at December 31
Capital stock
(in thousands of euros)
1,246,301.1 1,922,080.2 1,926,503.2 1,854,737.4 1,809,553.4
Shares in issue 155,787,643 240,260,029 240,812,905 231,842,170 226,194,177
Convertible bonds in issue
(in thousands)
-----
Maximum number of shares
to be created
(in thousands)
:
- Through conversion of bonds 191 - - - -
- Through exercise of rights 3,261 4,587 4,226 2,271 3,169
Results of Operations
(in thousands of euros)
Sales net of VAT 2,728.5 1,368.1 1,979.5 1,896.2 1,208.3
Investment revenue,
interest income and other revenue 443,613.6 740,644.2 676,937.9 640,884.3 627,388.8
Income before tax, depreciation,
amortization and provisions 301,958.6 521,908.4 156,103.2 395,142.7 547,381.4
Income tax (IFA) - - - 5,835.4 4,156.0
Net income 356,657.1 (811,224.0) 221,139.4 474,732.4 558,767.4
Dividends paid (1) excluding
précompte
equalization tax and tax credit 249,260.2 312,338.0 228,812.9 (2) 255,026.4 407,149.5 (3 and 4)
Per Share Data
(in euros)
Net income before depreciation,
amortization and provisions 1.94 2.29 1.30 1.79 2.51
Earnings per share 2.29 (3.38) 0.92 2.05 2.47
Dividend per share, net of tax credit 1.60 1.30 1.00 1.10 1.80 (4)
Employees
Average number of employees
during the year 6 5 3 3 3
Total payroll for the year
(in thousands of euros)
3,975.9 4,468.9 3,822.5 2,213.1 2,442.6
Total employee benefits paid over
the year (payroll taxes, other benefits)
(in thousands of euros)
901.7 914.1 668.3 415.5 533.6
(1) Dividends on shares held in treasury on the dividend payment date and the associated précompte tax are credited to retained earnings.
(2) After cancellation of 12 million shares.
(3) In conjunction with the elimination of the avoir fiscal tax credit and précompte equalization tax, an exceptional 25% exit tax will be due on
dividends paid out in 2005. The exit tax will give rise to a tax credit in the same amount, that will be utilized or refunded in three equal installments
over the next three years.
(4) Pending approval by shareholders at the Annual Meeting.
7
Five-year Financial Summary