annual financial statement 2011 - conwert Immobilien Invest SE

Annual Financial Statement 2011
A total of 3,861,964 shares had been repurchased by 31 December 2011 at a cost of
TEUR 41,618 (incl. fees). This represents 4.524% of share capital. The average price paid for
the buyback was EUR 10.78/share. Treasury shares are carried at cost or the lower stock
exchange price on the respective balance sheet date. In 2011 this procedure resulted in a
write-up of TEUR 1,878 to shares that were written down in 2008 as well as a write-down of
TEUR 7,809 to shares purchased during or after 2009. Treasury shares are valued at their
respective cost (incl. fees).
2.2. Receivables
All receivables have a remaining term of less than one year. None of the receivables are
secured by a bill of exchange. Receivables due from subsidiaries are comprised exclusively of
other receivables.
Other receivables include income of TEUR 20,237 (2010: TEUR 1,134) that is only due and
payable after the balance sheet date.
Deposits with financial institutions
Deposits with financial institutions include TEUR 6,629 that are held in a blocked account
and not available for the company’s discretionary use.
2.3. Equity
2.3.1. Issued capital
The issued capital of the company totals EUR 853,592,730.00 and is divided into 85,359,273
bearer shares.
The company had authorised capital of EUR 400,121,590.00 as of 31 December 2011.
The Annual General Meeting on 26 May 2009 approved the issue of participation capital as
well as the issue of participation certificates with a maximum value of EUR 400 million up to
26 May 2014.
In order to service a convertible bond, the Annual General Meeting on 4 June 2007 approved
a conditional capital increase of von EUR 128,038,900.00 through the issue of 12,803,890
bearer shares.
In order to service a convertible bond, the Annual General Meeting on 27 May 2008 approved
a conditional capital increase of EUR 128,038,900.00 through the issue of 12,803,890 bearer
shares.
In order to service a convertible bond, the Annual General Meeting on 15 April 2010
approved a conditional capital increase of EUR 128,038,900.00 through the issue of
12,803,890 bearer shares.
2.3.2. Appropriated share premium
The appropriated share premium comprises the premium on earlier capital increases and the
equity component of the convertible bonds.
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