Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

94
Consolidated statement of changes in equity
in CHF million Share
Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon
Consolidated statement of changes in equity
capital 1
Additional
paid-in
capital 2
Treasury
shares
Conversion
differences
Retained
earnings
Hedge
accounting
Income taxes
Total equity
attributable
to
shareholders
Balance at January 1, 2010 283 622 –292 –234 110 2 2 493 27 520
Net profit – – – – 3 – – 3 2 5
Other comprehensive income
Effective portion of changes in fair value of cash flow hedges – – – – – –1 – –1 – –1
Net change in fair value of cash flow hedges reclassified to
the income statement – – – – – –2 – –2 – –2
Defined benefit plan actuarial losses – – – – –62 – – –62 – –62
Income taxes on other comprehensive income – – – – – – 21 21 – 21
Conversion differences – – – –207 – – – –207 –1 –208
Total other comprehensive income for the period – – – –207 –62 –3 21 –251 –1 –252
Reduction of nominal share value –269 269 – – – – – – – –
Capital increase 309 817 – – – – – 1 126 – 1 126
Dividend distributions – – – – – – – – –2 –2
Acquisition of non-controlling interest – –7 – – – – – –7 –2 –9
Share-based payments – – – – 2 – – 2 – 2
Purchase of treasury shares – – –3 – – – – –3 – –3
Transfer and sale of treasury shares – –226 293 – – – – 67 – 67
Balance at December 31, 2010 323 1 475 –2 –441 53 –1 23 1 430 24 1 454
Net profit – – – – 220 – – 220 4 224
Other comprehensive income
Effective portion of changes in fair value of cash flow hedges – – – – – –7 – –7 – –7
Net change in fair value of cash flow hedges reclassified to
the income statement – – – – – 1 – 1 – 1
Defined benefit plan actuarial losses – – – – –47 – – –47 – –47
Income taxes on other comprehensive income – – – – – – 14 14 – 14
Conversion differences – – – –26 – – – –26 –2 –28
Total other comprehensive income for the period – – – –26 –47 –6 14 –65 –2 –67
Dividend distributions – – – – – – – – –2 –2
Acquisition of non-controlling interest – – – – – – – – – –
Share-based payments – – – – 4 – – 4 – 4
Purchase of treasury shares – – –3 – – – – –3 – –3
Transfer of treasury shares – – 2 – –2 – – – – –
Balance at December 31, 2011 323 1 475 –3 –467 228 –7 37 1 586 24 1 610
1 The share capital of OC Oerlikon Corporation AG, Pfäffikon consists of 323 124 010 registered shares with a par value of CHF 1.
2 As of December 31, 2011, additional paid-in capital includes CHF 1 247 million of legal reserves in OC Oerlikon Corporation AG, Pfäffikon.
Treasury shares
Number
of shares
Price per share
in CHF
Cost
in CHF million
Non-controlling
interest
Fair value
in CHF million
Total shareholders’
equity
Result
in CHF million
Balance at January 1, 2010 1 318 309 221 292 – –
Sale 2010 3 –1 318 309 35 –292 –47 –245
Transfer 2010 due to employee purchase plan –215 855 5 –1 –1 –
Purchase 2010 515 855 5 3 – –
Balance at December 31, 2010 300 000 5 2 – –245
Transfer 2011 due to employee purchase plan –280 989 6 –2 –2 –
Purchase 2011 570 000 6 3 – –
Balance at December 31, 2011 589 011 6 3 – –
3 As part of the financial restructuring, the company has granted the lenders the option to purchase some or all of the 1 318 309 treasury shares held by the company at the volumeweighted
average price (VWAP) of the existing shares during the four trading days following the public announcement of the lenders’ consent to the restructuring on April 1, 2010.
The option to purchase theses shares has been fully exercised.