Download Annual Report 2003 - Mühlbauer Group

Preface Security with a System The Share Management
Report
Consolidated
Financial
Statements
Independent
Auditor’s
Report
Report of the
Supervisory Board
Glossary
The share ownership of the limited share capital is presented below:
Name December 31, 2003 December 31, 2002
TEUR % TEUR %
SECURA Vermögensverwaltungs GmbH 4,220 52.50 4,220 52.50
Free float 3,556 44.25 3,599 44.79
7,776 96.75 7,819 97.29
Company-owned shares 261 3.25 218 2.71
8,037 100.00 8,037 100.00
Additional paid-in capital
The additional paid-in capital refers to the premium of
the capital increase entered in the commercial register
on July 8 th, 1998 upon the initial public offering (IPO) of
the company, the capital increase via new shares, which
was also provided with additional capital (Greenshoe
option) less the costs of the IPO. The capital increase
carried out in financial year 1999 in connection with the
adjustment to the Euro in accordance with Section 6 of
the resolution of the annual general meeting of May 6 th,
1999 was posted as a debit to the additional paid-in
capital.
The development of the additional paid-in capital is presented below:
TEUR
Premium for the 2,680,000 individual share certificates of 23.26 EUR ("ex split")
issued for IPO 62,347
Cost of IPO (3,907)
Withdrawal of the share premium account for adjustment
of the share capital to the Euro (7)
Premium on the purchase of company-owned shares (2,251)
Sales price exceeding the face value of sold shares 723
Premium on the 19,200 newly created shares
from exercise of conversion rights 446
Increase of compensation (reserves for expenditures connected with convertible bond program
in accordance with APB no. 25) 1,000
As at December 31, 2002 58,351
Premium on the purchase of company-owned shares (632)
Sales price exceeding the face value of sold shares 121
Increase of compensation (reserves for expenditures connected with
the employee share program in accordance with APB no. 25) 61
As at December 31, 2003 57,901
Dividend distribution
The personally liable shareholder participates in the
assets of the company including the hidden reserves,
and in the profit and loss of the company, as well as in
liquidation revenue to the extent, that the ratio of his
capital share corresponds to the share capital.
The calculation of the profit and loss shares of the personally liable shareholder is based on the result determined in
the individual financial statements of Mühlbauer Holding AG & Co. KGaA in accordance with commercial principles:
Mühlbauer Holding
AG & Co. KGaA
TEUR
Year's result (annual surplus/deficit) before profit or loss
of personally liable shareholder) 9,269
+ Corporation tax expenditure (including tax amounts on
the corporation tax) 1) 364
+ Expenditure for other taxes and duties affecting only
the share capital 78
Assessment basis 9,711
Profit or loss based on share of personally liable shareholder
of total capital 2) 5,603
1) after deduction of the tax addable contributions occurring for the personal liable shareholder to the amount of 493 TEUR
2) of which 178 TEUR were for the previous years
57