Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
50 Consolidated Financial Statements<br />
All amounts are in 000 CHF if not otherwise noted<br />
a) Subscribed Share Capital<br />
The share capital of <strong>Edisun</strong> <strong>Power</strong> <strong>Europe</strong> <strong>Ltd</strong>. entered<br />
in the commercial register amounts to TCHF 34 158 and<br />
has been fully paid in.<br />
The total authorized number of ordinary shares as at<br />
December 31, <strong>2010</strong>, is 341 576 (2009: 341 576) with a par<br />
value of CHF 100 per share (2009: CHF 100 per share).<br />
The weighted average number of outstanding shares is<br />
341 576 shares (2009: 341 576 shares).<br />
b) Authorized Capital<br />
The Company’s authorized share capital in the amount<br />
of TCHF 3 000 resolved at the General Meeting of May 9,<br />
2008, was cancelled by resolution of the Annual General<br />
Meeting of May 9, <strong>2010</strong>.<br />
c) Conditional Capital<br />
The company had no conditional capital outstanding on<br />
31 December 20010.<br />
d) Share Premium<br />
Share premium includes the premium related to the<br />
capital increases of <strong>Edisun</strong> <strong>Power</strong> <strong>Europe</strong> <strong>Ltd</strong>. in 2007<br />
less accumulated annual losses, which were offset<br />
against the capital reserves in accordance with the resolutions<br />
of the General Shareholders' Meeting for the<br />
appropriation of available earnings. In addition, share<br />
premium includes proceeds from the Company's firsttime<br />
listing on the SIX Swiss Exchange in 2008 adjusted<br />
for the incremental costs of TCHF 1 890, net of tax. The<br />
incremental cost includes only third-party expenses<br />
with respect to the listing and capital increase (net of<br />
tax). No internal expenses from management etc. were<br />
included in this cost. This internal cost has been charged<br />
to the income statement as incurred.<br />
e) Own Shares<br />
As of the balance-sheet date, <strong>Edisun</strong> <strong>Power</strong> <strong>Europe</strong> <strong>Ltd</strong>.<br />
holds no own shares.<br />
f) Other Reserves<br />
Other reserves include the cumulative foreign exchange<br />
impact.<br />
g) Retained Earnings<br />
Retained earnings comprise accumulated and unappropriated<br />
earnings.<br />
h) Non-Controlling Interests<br />
In <strong>2010</strong>, <strong>Edisun</strong> <strong>Power</strong> <strong>Europe</strong> <strong>Ltd</strong>. acquired a 0.2%<br />
(2009: 0.6%) share in <strong>Edisun</strong> <strong>Power</strong> <strong>Ltd</strong>. from its noncontrolling<br />
interest. The purchase price was paid in<br />
cash.
Change language