Siemens 2007 Annual Report Download - page 270

270 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
The following table provides a summary of outstanding capital and the
changes in authorized and conditional capital for fi scal years 2007 and 2006:
Capital increases
In fi scal 2007 and 2006, common stock increased by approximately €31,038 thou-
sand and €6 thousand, respectively, through the issuance of approximately 10,346
thousand shares and 2 thousand shares, respectively, from the conditional capital
for the conversion of €584 and €0.1, respectively, of the Company’s convertible
notes. See Note 22 for additional information.
In fi scal 2007, common stock increased by €34,440 thousand through the issu-
ance of 11,480 thousand shares from the conditional capital to service the stock
option plans. In addition, in fi scal 2007, common stock increased by approxi-
mately €3,870 thousand through the issuance of 1,290 thousand shares from
Authorized Capital 2006. These shares were issued to an underwriter, repur-
chased and subsequently offered for purchase to employees with respect to the
Company’s employee share purchase program (see also Treasury Stock below
and Note 33 for additional information on the employee share purchase program).
No such increases occurred in fi scal 2006, since the Company repurchased its own
common stock to accommodate share-based compensation plans and the
employee share purchase program with compensation character.
Authorized, unissued capital
On September 30, 2007 and 2006, the Company’s authorized but unissued capital
totaled €671 and €675 or 223,710 thousand and 225,000 thousand common shares,
respectively.
On January 26, 2006 the Company’s shareholders authorized the Managing
Board to increase, with the approval of the Supervisory Board, capital stock by up
to €75 through the issuance of up to 25 million shares of no par value registered
in the names of the holders against contributions in cash (Authorized Capital
2006). The authorization may be implemented in installments. Pre-emptive rights
Common stock
(authorized and issued)
Authorized capital
(not issued)
Conditional capital
(not issued)
in
thousands
of €
in
thousand
shares
in
thousands
of €
in
thousand
shares
in
thousands
of €
in
thousands
shares
As of October 1, 2005 2,673,256 891,085 666,630 222,210 925,487 308,496
Conversion 1.375% 2003/2010 EUR
convertible notes 6 2 – – (6) (2)
New approved capital – – 75,000 25,000 – –
Expired capital – – (66,630) (22,210) – –
As of September 30, 2006 2,673,262 891,087 675,000 225,000 925,481 308,494
Conversion 1.375% 2003/2010 EUR
convertible notes 31,038 10,346 – – (31,038) (10,346)
Stock option plans 34,440 11,480 – – (34,440) (11,480)
Employee share purchase program 3,870 1,290 (3,870) (1,290) – –
As of September 30, 2007 2,742,610 914,203 671,130 223,710 860,003 286,668