EQUITY Capital increases (in millions of pesetas) Increase Characteristics 1984 105 Freed up, charged to Updating Budgets Law 1979 1986 105 Freed up, charged to Updating Budgets Law 1981 1988 315 Liberadas, con cargo a Actualización Ley Presupuestos 1983 1989 210 Ditto 1996 308 In cash at 432.6% (an issue premium of 3,257.36 pesetas per share), covered totally by <strong>Linde</strong> Equity (in millions of pesetas) Capital Reserves Total 1983 525 2,069 2,594 1984 630 2,012 2,642 1985 630 2,087 2,717 1986 735 1,982 3,717 1987 735 1,996 2,731 1988 1,050 1,762 2,812 1989 1,260 1,669 2,929 1990 1,260 2,501 3,761 Consolidated 1991 1,260 2,552 3,812 1992 1,260 2,647 3,907 1993 1,260 2,739 3,999 1994 1,260 2,747 4,007 1995 1,260 2,868 4,128 1996 1,568 4,934 6,502 1997 1,568 5,515 7,083 1998 1,568 5,358 6,926 (in thousands of euros) 1999 14,115 28,539 42,654 2000 14,115 29,348 43,462 Management team at the Sales Convention celebrated in 1984 Capital was increased five times. The first four increase operations were done with the issue of totally freed-up shares charged to the Laws of budget updating, which allowed the capital gains of the immovable assets to flourish. The fifth, agreed upon at the end of 1995 and done at the beginning of the following year, was for a total of 1,312 million pesetas, with the issue of shares of 1,000 pesetas with a premium of 3,257.36 pesetas per share. This single contribution of cash during these years was linked to the important investment the company made in Rubí. The capital oscillated between 525 million pesetas in 1983 and 14,115,000 euros – 2,343 million pesetas – in 2000; it had increased four and a half times. The equity – capital plus reserves – thus went from 2,594 million pesetas to 43,462,000 euros, equivalent to about 7,215 million pesetas in those twelve years. It had almost tripled. Since 1999 the consolidated balances of the mother company – Abelló <strong>Linde</strong> – have been presented with those of the companies they have shares in. Territorial expansion and the broadening of the supply of gases (1984-2000) 157
Hydrogen purification plant in Monzón (Huesca) INVESTMENT, PRODUCTION AND SALES Investment (in milions of pesetas) Buildings Industrial investment (Depreciations) Total 1984 479 3,573 2,605 1,447 1985 479 4,075 2,913 1,642 1986 487 4,542 3,207 1,822 1987 558 5,228 3,526 2,260 1988 1,094 6,116 3,930 3,280 1989 1,222 6,646 4,251 3,617 1990 1,223 2,750 3,973 Consolidated 1991 1,198 2,654 3,852 1992 1,172 2,410 3,582 1993 1,209 2,113 3,322 1994 1,233 2,512 3,745 1995 1,280 2,793 4,073 1996 2,193 5,340 7,534 1997 2,305 5,011 7,316 1998 2,286 4,686 6,972 1999 2,268 4,799 7,067 (in thousands of euros) 1999 13,632 28,840 42,472 2000 15,132 29,324 44,456 158 Territorial expansion and the broadening of the supply of gases (1984-2000)
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years
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Publication: Abelló Linde, S.A. Au
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INTRODUCTION hen a friendship lasts
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CONTENTS 1. ISIDRO ABELLÓ, HIS FAM
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elló linde 100 years abelló linde
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each of modest patrimonies. It is o
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In 1888, the year of the Universal
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ISIDRO ABELLÓ, SPECIALIST IN REFRI
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Third journey To Paris: November 23
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As to the profits or losses that th
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The results of the early years, unt
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Carl von Linde ab
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Imperial patent for Carl von Linde
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Catalonia was still the “workshop
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REPRESENTING LINDE REFRIGERATION MA
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LIQUID AIR AND OXYGEN In 1895, one
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Sketch of the first air liquefactio
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On December 22 nd 1906, a Report on
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Isidro Abelló
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State of the building Reial Col·le
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THE CREATION OF THE COMPANY he fail
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ISIDRO ABELLÓ’S INDIVIDUAL COMPA
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A COMPANY THAT STARTS OUT WITH GOOD
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50 The Company “Isidro Abelló, f
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General view of Passeig de Colom in
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elló linde 100 years abelló linde
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For the Linde group this period end
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Alfonso XIII was to pay dearly for
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THE POLICIES OF THE MILITARY DIRECT
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Linde’s 25% official shareholding
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PRODUCTION ndustrial gases, and esp
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section selling Linde refrigeration
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THE SECURITIES PORTFOLIO AND INDUST
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elló linde 100 years abelló linde
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THE MARKET IN CATALONIA, THE VALENC
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COMMERCIAL WAR he appearance of Pro
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The companies founding the Agrupaci
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A year later - 1927 - Autógena Mar
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elló linde 100 years abelló linde
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A COMPANY THAT STAYS FIRM belló, O
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* From this figure of profits, 15%,
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THE SECOND WORLD WAR BEGINS n Septe
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elló linde 100 years abelló linde
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THE POLITICAL AND ECONOMIC SITUATIO
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THE EXPROPRIATION OF THE GERMAN ASS
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THE SHAREHOLDERS AND COMPANY MANAGE
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EQUITY AND RESULTS here were no cha
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IMMOVABLE ASSETS n 1939, Abelló, O
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