Michelin couv courteGB
Michelin couv courteGB
Michelin couv courteGB
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10. Changes in Shareholders’ equity and minority interests<br />
Strategy • Fundamentals • Businesses • Résultats Earnings<br />
Notes to the Consolidated Financial Statements<br />
(in € thousand)<br />
Common stock Paid-in Retained Translation Net Share- Minority Total<br />
capital in earnings adjustment income holders’ interests<br />
excess of par equity<br />
At Dec. 31, 2002 283,585 1,806,789 2,538,160 (880,501) 580,803 4,328,836 173,431 4,502,267<br />
Capital<br />
increase 380 4,598 – – – 4,978 – 4,978<br />
Shareholder Plan 2,809 28,253 – 10,323 – – 20,739 – 20,739<br />
Dividends paid<br />
Appropriation of<br />
undistributed<br />
– – – – (169,834) (169,834) (10,527) (180,361)<br />
income<br />
Net income for<br />
– – 398,816 12,153 (410,969) – – –<br />
the year 2003<br />
Translation adjustment<br />
– – – – 317,532 317,532 11,330 328,862<br />
and other – – (11,590) (163,301) – (174,891) (92,531) (267,422)<br />
At Dec. 31, 2003 286,774 1,839,640 2,915,063 (1,031,649) 317,532 4,327,360 81,703 4,409,063<br />
Dividends paid<br />
Appropriation of<br />
undistributed<br />
– – – – (176,501) (176,501) (8,805) (185,306)<br />
income<br />
Net income for<br />
– – 107,439 33,592 (141,031) – – –<br />
the year 2004<br />
Translation<br />
adjustment and<br />
– – – – 515,138 515,138 12,025 527,163<br />
other – – (68) (64,024) – (64,092) (10,233) (74,325)<br />
At Dec. 31, 2004 286,774 1,839,640 3,022,434 (1,062,081) 515,138 4,601,905 74,690 4,676,595<br />
80•81