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ePaper created 2012-04-27, 18:43:33 | version 1.23.1
NOTES TO ThE CONSOLIDATED BALANCE ShEET – LIABILITIES 10. Equity and rEsErvEs Changes in equity are presented in the statement of changes in equity. The share capital is € 51,631,400 and is composed of 51,631,400 no-par-value registered shares. The notional value of each share is € 1.00. According to Article 5 of the Articles of Association, the Executive Board is authorised, subject to the approval of the Supervisory Board, to increase the Company‘s share capital by up to a total of € 14,540,467 on one or multiple occasions until 16 June 2015 by issuing no-par-value registered shares against cash and/or non-cash contributions (approved capital 2010). The Executive Board is authorised, subject to the approval of the Supervisory Board and until 15 June 2016, to issue convertible bonds with a total nominal value of up to € 200,000,000 and maturities of up to ten years and to grant the holders of the respective, equally privileged, bonds conversion rights (conditional capital) to new no-par value shares in the Company up to a total of 10,000,000 shares (€ 10 million), in accordance with the detailed provisions of the terms and conditions for convertible bonds (“bond conditions”). The convertible bonds may also pay a variable rate of interest, in which case, as with a participating bond, the interest may be dependent in full or in part on the level of the Company’s dividend. The parent company of the Group, Deutsche EuroShop AG, is reporting an unappropriated surplus of € 56,795 thousand. The Executive Board and the Supervisory Board will propose to distribute this amount as a dividend of € 1.10 per share at the Annual General Meeting on 21 June 2012. The previous year’s unappropriated surplus was distributed in full to the shareholders. The dividend paid was € 1.10 per share. The capital reserves contain amounts in accordance with section 272 (2) nos. 1 and 4 of the Handelsgesetzbuch (HGB – German Commercial Code). Retained earnings consists primarily of the remeasurement reserves and currency items recognised at the time of transition to IFRS. Other total income is divided into the following components: 2010 in € thousand Before taxes taxes net Measurement of investments (AfS) IAS 39 -870 0 -870 Cash flow hedge -864 141 -723 Currency conversion foreign companies 246 -47 199 -1,488 94 -1,394 46 DES Annual Report 2011 ConSoLIDAteD FInAnCIAL StAteMentS notes to the consolidated balance sheet – liabilities