APC 2005 Annual Report Download - page 142

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140
2001 2002 2003 2004 2005
Capital and Potential Capital
at December 31
Capital stock
(in thousands of euros)
1,922,080 1,926,503 1,854,737 1,809,553 1,812,954
Shares in issue 240,260,029 240,812,905 231,842,170 226,194,177 226,619,227
Convertible bonds in issue
(in thousands)
-----
Maximum number of shares
to be created
(in thousands):
- Through conversion of bonds -----
- Through exercise of rights 9,357 5,744 5,707 7,140 10,126
Results of Operations
(in thousands of euros)
Sales net of VAT 1,368 1,980 1,896 1,208 2,868
Investment revenue,
interest income and other revenue 740,644 676,938 640,884 627,389 507,001
Income before tax, depreciation,
amortization and provisions 521,908 156,103 395,143 547,381 411,950
Income tax - - 5,835 4,156 278
Net income (811,224) 221,139 474,732 558,768 450,793
Dividends paid (1) excluding
précompte
equalization tax and tax credit 312,338 228,813 (2) 255,026 407,150 (3) 509,893 (4)
Per Share Data
(in euros)
Net income before depreciation,
amortization and provisions 2.29 1.30 1.79 2.51 2.12
Earnings per share (3.38) 0.92 2.05 2.47 1.99
Dividend per share, net of tax credit 1.30 1.00 1.10 1.80 2.25 (4)
Employees
Average number of employees
during the year 53333
Total payroll for the year
(in thousands of euros)
4,469 3,823 2,213 2,443 4,446
Total employee benefits paid
over the year (payroll taxes, other benefits)
(in thousands of euros)
914 668 416 534 690
(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 was due on
dividends paid out in 2005. The exit tax will give rise to a tax credit in the same amount, which will be utilized or refunded in three equal
installments over the next three years.
(4) Pending approval by shareholders at the Annual Meeting of May 3, 2006.
7
Five-year Financial Summary