APC 2006 Annual Report Download - page 177

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8
1. Management Board’s report to the Annual and
Extraordinary Shareholders’ Meeting . .
p. 175
2. Auditors' special reports . . . . . . . . . . . .
p. 180
3. Resolutions . . . . . . . . . . . . . . . . . . . . . . .
p. 185
8
Annual and
Extraordinary
Shareholders’ Meeting
of April 26, 2007
1. Management Board's
report to the Annual and
Extraordinary Shareholders’
Meeting
Resolutions to be voted on
in Annual Meeting
Approval of the annual financial
statements - first resolution -
We ask you to approve the transactions and financial
statements for the year, as presented, which show net
profit of 887.8 million.
Approval of the consolidated
financial statements
- second resolution -
We ask you to approve the consolidated financial
statements for the year, as presented, which show net
profit attributable to equity holders of the parent of
1,309 million, an increase of 32% from 2005.
Profit appropriation and payment
of a dividend of 3 per share
- third resolution -
We recommend that profit available for distribution,
consisting of net profit for the year of 887.8 million
and retained earnings of 275.1, should be appropri-
ated as follows:
Dividends 683,095,044.00
Retained earnings 479,875,074.94
Total 1,162,970,118.94
If these appropriations are approved, the net dividend
paid on each of the shares carrying rights to the 2006
dividend will amount to 3.00
The dividend will be paid as from May 2, 2007.
Shareholders should note that France’s 2004 Finance
Act eliminated the avoir fiscal tax credit and précompte
equalization tax. However, for individual shareholders
who pay income tax in France, only 60% of the divi-
dend will be included in their taxable income. In addi-
tion, they will be entitled to a tax credit on their total
dividend income from all sources, capped at 115 for
a single, divorced or widowed person and 230 for
couples who file a joint tax return.
175