Annual report 2004 (English) - PDF 3546K - Imperial Tobacco

13. Shareholders’ equity
The variations in equity accounts in 2004 were as
follows:
a) Capital stock and additional paid-in
capital
Pursuant to the resolution adopted by the
Shareholders’ Meeting on June 15, 2004, the
Parent Company reduced capital through the
retirement of 7,250,000 shares of treasury stock
with a par value of €4,350 thousand and a
reduction of €171,330 thousand of additional paidin
capital.
As of December 31, 2004, the Parent Company’s
capital stock amounted to €169,933 thousand and
consisted of 283,221,426 fully subscribed and paid
shares of €0.60 par value each, all of the same
class.
Altadis Group 2004 Financial Information 107
Thousands of Euros
Reserves of the Parent Company
Differences
Due to Rede-
Reser- nomination Reserves at Total
Additional Revalua- ves for of Capital Conso- Translation Income Share-
Capital Paid-in Legal Voluntary tion Treasury Stock in lidated Differences for the holders’
Stock Capital Reserve Reserves Reserve Stock Euros Companies (Note 2-b) the Year Equity
Balance at December 31, 2003
Distribution of 2003 income
174,283 132,219 36,657 38,902 53,461 11,907 309 669,621 (279,747) 293,151 1,130,763
– To reserves – – – 63,777 – – – 1,798 – (65,575) –
– To Dividends
Variation in the reserves and
– – – – – – – – – (227,576) (227,576)
allowance for treasury stock – 39,111 – (104,171) – 4,281 – – – – (60,779)
Capital reduction (4,350) (171,330) (2,670) 2,670 – – – – – – (175,680)
Translation differences – – – – – – – – (28,214) – (28,214)
Other variations – – – – – – – (8,010) – – (8,010)
2004 income – – – – – – – – – 413,311 413,311
Balance at December 31, 2004 169,933 – 33,987 1,178 53,461 16,188 309 663,409 (307,961) 413,311 1,043,815
As of December 31, 2004, none of the shareholders
owned more than 10% of the capital stock of
Altadis, S.A.
The Parent Company’s shares, which are listed on
the computerized trading system of the Spanish
Stock Exchanges and on the Paris Stock Exchange,
all have equal voting and dividend rights.
The additional paid-in capital can be used for the
same purposes as the Parent Company’s voluntary
reserves, including conversion into capital stock.