APC 2005 Annual Report Download - page 129

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127
Company Financial Statements
Liabilities and shareholders' equity
(
€
thousands)
2005 2004 2003
Shareholders' equity
Capital stock
(note 7a)
1,812,954 1,809,553 1,854,737
Additional paid-in capital
(note 7b)
4,068,968 4,049,932 4,290,833
Reserves and retained earnings
Legal reserve 192,650 192,650 192,650
Retained earnings
(note 7c)
323,112 169,239 -
Net income for the year 450,793 558,768 474,732
Untaxed provisions 425 425 425
Total equity 6,848,902 6,780,567 6,813,377
Provisions for contingencies and pension accruals
(note 8)
Provisions for contingencies 6,613 8,912 10,915
Accruals for pensions 30,395 18,800 10,986
Total provisions 37,008 27,712 21,901
Non-current liabilities
Bonds
(note 9)
2,700,000 1,200,000 2,151,000
Other borrowings
(note 10)
30,708 70,437 95,797
Amounts payable to subsidiaries and affiliates 13 13 13
S
hort-term bank loans and overdrafts and other debt
3,073 2,191 4,373
2,733,794 1,272,641 2,251,183
Current liabilities
Accounts payable – trade 4,472 937 599
Accrued taxes and payroll costs 1,880 1,296 310
Other liabilities 2,192 2,169 61,928
8,544 4,402 62,837
Total liabilities 2,742,338 1,277,043 2,314,020
Deferred income
(note 11)
756 1,100 1,345
Conversion gains - - -
Total liabilities and shareholders' equity 9,629,004 8,086,422 9,150,643
The notes form an integral part of these financial statements.