Pallet-Management-Services - AFM

| ANNUAL REPORT 2006 | IFCO SYSTEMS N.V. |
IFCO SYSTEMS N.V. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
US $ in thousands, except share amounts Ordinary
Shares
70
Treasury
Shares
Ordinary
Shares
Treasury
Shares
Paid in
Capital
Retained
earnings
Other
reserves
Shares Shares Amount Amount
Balance at January 1, 2005 45,321,033 – 476 – 521,444 (365,775) (1,228) 154,917
Stock-based compensation expense – – – – 1,545 – – 1,545
Exercise of stock options by issuance of
ordinary shares 434,997 – 6 – 1,097 – – 1,103
Currency translation differences – – – – – – 2,999 2,999
Net profit – – – – – 40,905 – 40,905
Balance at December 31, 2005 45,756,030 – 482 – 524,086 (324,870) 1,771 201,469
Stock-based compensation expense – – – – 667 – – 667
Exercise of stock options by issuance of
ordinary shares 344,667 – 4 921 – – 925
Buyback of treasury shares – 135,924 (1) Exercise of stock options funded by
– (1,798) – – – (1,798)
treasury shares – – – (2,040) – – (2,040)
Currency translation differences – – – – – (4,131) (4,131)
Exercise of warrants 8,121,517 – 97 (995) (2) Current and future tax deduction from stock
– – (898)
option exercise – – – – 2,377 – – 2,377
Net profit – – – – 37,287 – 37,287
Balance at December 31, 2006 54,222,214 135,924 583 (1,798) 525,016 (287,583) (2,360) 233,858
(1) In 2006 the Company repurchased 334,258 treasury shares in the amount of US $4.4 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 fi nancial year December 31, 2005, were reclassifi ed to equity in 2006.
Total
Equity