APC 2004 Annual Report Download - page 66

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64
4
Consolidated Statement
of Changes in Shareholders' Equity
(in millions of euros except for number of shares)
Number Capital Additional Retained Cumulative Shareholders' Minority
of shares paid-in
earnings
translation equity (excl.
interests
(thousands) capital adjustment minority
(1) (2) interests)
At January 1, 2002 240,260.0 1,922.1 5,475.6 438.9 543.9 8,380.5 79.3
Exercise of stock options (3) 373.4 3.0 8.0 11.0
Conversion of bonds (3) 179.5 1.4 7.0 8.4
Distribution:
- Charged against
additional paid-in capital (4) (595.4) 615.7 20.3
- Dividends paid (297.6) (297.6) (18.3)
Change in treasury stock (290.6) (290.6)
Translation adjustment (456.2) (456.2) (9.7)
Change in scope of consolidation
and other (13.1) (13.1)
2002 net income 422.0 422.0 24.9
At December 31, 2002 240,812.9 1,926.5 4,895.2 875.3 87.7 7,784.7 76.2
Exercise of stock options (3) 1,958.3 15.6 50.8 66.4
Cancellation of shares (3) (12,000.0) (96.0) (394.2) 490.2 0.0
Worldwide Employee Stock
Purchase Plan(3) 1,071.0 8.6 26.8 35.4
Appropriation to legal reserve (192.7) 192.7 0.0
Dividends (including précompte
equalization tax) (95.1) (212.8) (307.9) (18.6)
Change in treasury stock (110.8) (110.8)
Translation adjustment
(note 14.5)
(299.1) (299.1) (6.7)
Tax effect on cancellation
of treasury stock 54.3 54.3
Change in scope
of consolidation and other 2.9 2.9 2.5
2003 net income 432.8 432.8 21.5
At December 31, 2003 231,842.2 1,854.7 4,290.8 1,724.6 (211.4) 7,658.7 74.9
Cancellation of shares (3) (7,000.0) (56.0) (291.1) (347.1)
Worldwide Employee Stock
Purchase Plan (3) 705.8 5.7 27.6 33.3
Exercise of stock options (3) 646.2 5.2 22.6 27.8
Dividends (including précompte
equalization tax) (334.2) (334.2) (23.3)
Refund of précompte equalization
tax overpaid in previous years 23.1 23.1
Change in treasury stock 65.2 65.2
Translation adjustment
(note 14.5)
(96.8) (96.8) (1.9)
Tax effect on cancellation
of treasury stock (7.4) (7.4)
Change in scope
of consolidation and other (5) (12.1) (12.1) (10.9)
2004 net income 564.6 564.6 30.1
At December 31, 2004 226,194.2 1,809.6 4,049.9 2,023.8 (308.2) 7,575.1 69.0
(1) Before elimination of treasury stock.
(2) Including
208.6 million in treasury stock/intra-group cross shareholdings cancelled at December 31, 2004.
(3) See Note 14 - Shareholders' equity.
(4) Including
7.8 million to refund the précompte equalization tax and
12.5 million to eliminate dividends on treasury stock.
(5) Of which a negative
20.8 million net of tax following a change in accounting method for distributor discounts (see note 1.19 ) and a positive
5.5 million on MGE UPS Systems goodwill.
The accompanying notes are an integral part of the consolidated financial statements.