Annual Report 2005/06 - voestalpine
Annual Report 2005/06 - voestalpine
Annual Report 2005/06 - voestalpine
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
At the end of the <strong>2005</strong>/<strong>06</strong> business year, employee bonuses were<br />
granted in the form of own shares (48,100 units) at a total value of<br />
EUR 5.5 million. In accordance with IFRS 2, these are valued at the<br />
price prevailing at the time the shares were granted. The resulting<br />
amount is recognized as personnel costs. The offsetting entry is<br />
reported directly in equity.<br />
own shares<br />
minority interest<br />
Minority interest as of March 31, 20<strong>06</strong>, results from minority shares in<br />
the equity of the VAE Group and Railpro B.V.<br />
1 . pensions anD oTher employee BeneFiTs<br />
<strong>2005</strong>/<strong>06</strong> 2004/05<br />
Provisions for severance payments 337.6 289.2<br />
Provisions for pensions 123.3 98.4<br />
Provisions for long-service bonuses 90.7 79.1<br />
551.6 466.7<br />
In millions of euros<br />
Consolidated Financial Statements<br />
Carrying Share Share<br />
Own shares amount capital capital<br />
thsd. pcs. thsd. euros % thsd. euros<br />
Balance as of April 1, <strong>2005</strong> 58 573 0.15 422<br />
Acquisitions 80 4,925 0.20 579<br />
Disposals –79 –4,667 –0.20 –573<br />
Balance as of March 31, 20<strong>06</strong> 59 831 0.15 428<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2005</strong>/<strong>06</strong><br />
11
Change language