QIAGEN N.V. Annual Report 2001

7. SHAREHOLDERS’ EQUITY
The authorized share capital consists of 260 million ordinary shares, 40 million financing preference shares and
300 million preference shares. All shares have a par value of Euro 0.01 (one Euro cent). As of December 31, 2001,
143,463,800 ordinary shares have been issued and fully paid-up.
The movement in shareholders’ equity is as follows:
Issued and
paid-in capital
Additional
paid-in capital
Retained
earnings
Cumulative translation
adjustment
Total
(USD)
(USD)
(USD)
(USD)
(USD)
Balance January 1, 2001
1,450
103,448
67,448
(6,426)
165,920
Net income
–
–
32,554
–
32,554
Translation adjustment
–
–
–
(3,566)
(3,566)
Exercise of stock options
Stock subscription
Tax benefit in connection with
nonqualified stock options
8
–
–
4,081
746
14,842
–
–
–
–
–
–
4,089
746
14,842
59
Balance December 31, 2001
1,458
123,117
100,002
(9,992)
214,585
8. STATUTORY AND SUPERVISORY DIRECTORS
The company has two statutory directors and six supervisory directors, who received a total remuneration of USD 631
in their capacity.
9. PERSONNEL
The average number of personnel during the year was 4 (2000 - 4).
Salaries paid during 2001 amounted to USD 181. Social securities and pensions paid during 2001 amount to USD 5.
10. RECONCILIATION OF DUTCH GAAP - US GAAP
The reconciliation of shareholders’ equity and net income according to Dutch generally accepted accounting
principles (Dutch GAAP) and United States Generally Accepted Accounting Principles (US GAAP) (as presented in the
attached consolidated financial statements) is shown below:
Shareholders’ equity as
of December 31, 2001
(USD)
Net Income
2001
(USD)
Reflected in accordance with Dutch GAAP
Reconciling items:
Goodwill
Marketable securities
Reflected in accordance with
United States Generally Accepted
Accounting Principles
214,585
(4,080)
2,470
212,975
32,554
510
1,355
34,419