ONE ROOF

As of December 31, 2009, HOCHTIEF Aktiengesellschaft held
a total of 3,455,685 shares of treasury stock as defined in
Section 160 (1) 2 of the German Stock Corporations Act
(AktG). These shares were purchased over the course of fiscal
2008 for the purposes provided for in the resolution of the
General Shareholders’ Meeting of May 8, 2008. The holdings
of treasury stock represent EUR 8,846,554 (4.94 percent) of
the Company’s capital stock.
44,068 shares of treasury stock were sold in July 2009 to em-
ployees of HOCHTIEF or its affiliates. Of these shares, 22,183
were sold at a price of EUR 10.95 each and 21,885 at a price
of EUR 12.95 each. The shares represent EUR 112,814 (0.06
percent) of the Company’s capital stock.
Changes in other comprehensive income
❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘
Accumulated other comprehensive income is part of revenue
reserves. It includes amounts recognized in equity for changes
in the fair value of primary and derivative financial instruments
and exchange differences from translation of foreign entity
financial statements. Accumulated other comprehensive in-
come also includes the Group’s share of changes recognized
directly in the other comprehensive income of equity-method
associates and jointly controlled entities, plus actuarial gains
and losses from defined-benefit pension plans and adjustments
arising from the limit in IAS 19.58. The changes in other comprehensive
income are presented on a year-on-year basis in
the following table:
(EUR thousand) Dec. 31, 2009 Dec. 31, 2008
Currency translation differences
Changes in other comprehensive income for the period 153,688 (58,290)
Amounts reclassified to profit or loss 5,090 699
158,778 (57,591)
Changes in fair value of financial instruments – primary
Changes in other comprehensive income for the period 60,255 (103,756)
Amounts reclassified to profit or loss 1,197 (14)
Changes in fair value of financial instruments – derivative
61,452 (103,770)
Changes in other comprehensive income for the period (16,818) (170,665)
Amounts reclassified to profit or loss 2,374 81,674
(14,444) (88,991)
Actuarial gains and losses*
Other comprehensive income of equity-method associates and jointly
37,626 (54,306)
controlled entities (5,740) (67,177)
Other comprehensive income, after taxes 237,672 (371,835)
*The 2008 figure includes a reversal
in other comprehensive
income of adjustments arising
from the limit in IAS 19.58.
Annual Report 2009 161