Pallet-Management-Services - AFM

IFCO SYSTEMS N.V. statements of changes in equity
EUR in thousands, except share amounts Ordinary
Shares
Shares
Treasury
Shares
Ordinary
Shares
Shares Amount
Treasury
Shares
Amount
Capital
Reserve
Accumulated
Deficit
Foreign
currency
translation
adjustment
Balance at January 1, 2005 45,321,033 – 453 – 359,239 (104,749) (213) 254,730
Stock-based compensation expense
Exercise of stock options by issuance
– – – – 1,280 – 28 1,308
of ordinary shares 434,997 – 5 –
890
Total
Equity
– – 895
Currency translation differences – – – – – – 321 321
Net loss – – – – – (15,356) – (15,356)
Balance at December 31, 2005 45,756,030 – 458 – 361,409 (120,105) 136 241,898
Stock-based compensation expense
Exercise of stock options by issuance
– – – – 528 – – 528
of ordinary shares 344,667 – 3 – 1,146
– – 1,149
Buyback of treasury shares – 135,924 (1)
Exercise of stock options funded by
– (1,354) – – – (1,354)
treasury shares – – – – (1,990)
– – (1,990)
Currency translation differences – – – – – – (136) (136)
Exercise of warrants 8,121,517 – 81 – (828) (2)
–
– (747)
Net loss – – – – (9,525) – (9,525)
Balance at December 31, 2006 54,222,214 135,924 542 (1,354) 360,265 (129,630) – 229,823
(1) In 2006 the Company repurchased 334,258 treasury shares in the amount of EUR 3.344 million. Thereof 198,334 treasury
shares were transferred to employees to serve the 2000 stock option plan of the Company.
(2)
The expenses associated with the warrant exchange, which were capitalized at the end of the financial year December 31,
2005, were reclassified to equity in 2006.
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