Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
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7 Own Shares<br />
According to Swiss Law Art. 659 b OR, shares would be<br />
classified as treasury shares if an entity acquires a majority<br />
investment in another entity which owns shares in<br />
the acquirer entity. In this case, the acquiring entity has<br />
to make reserves for these treasury shares. Thus, <strong>Edisun</strong><br />
<strong>Power</strong> <strong>Europe</strong> <strong>Ltd</strong>., the acquirer of <strong>Edisun</strong> <strong>Power</strong> <strong>Ltd</strong>.,<br />
must establish reserves for its treasury shares. However,<br />
the company has no free available reserves, and thus the<br />
future net profit for the year will be unavailable for distribution<br />
until the necessary reserve for own shares has<br />
been created.<br />
8 Pension Fund<br />
Statutory Financial Statements<br />
31.12.<strong>2010</strong><br />
CHF<br />
31.12.2009<br />
CHF<br />
Pension fund liabilities 0 0<br />
67
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