Download the 2009 annual report in PDF format - ANF

164
ANNUAL FINANCIAL STATEMENTS
Notes to the fi nancial statements
Note 4 Provisions for assets
(€ thousands)
Provisions/impairment
Non-current assets
ANF • 2009 ANNUAL REPORT
Amount as of
12/31/2008 Increase Decrease
Other
movements
Amount as of
12/31/2009
Treasury shares, liquidity contract 67 - (30) - 37
Deposits & securities
Current assets
7 - - - 7
Trade receivables 948 799 (329) - 1,417
Investment securities 1,206 - (354) - 852
TOTAL 2,228 799 (713) - 2,314
A €852,000 provision was recorded following the change in the market value of treasury shares.
Note 5 Investment securities
Investment securities include 109,835 treasury shares purchased
at an average price of €38.79, representing a total of €4,260,841.
As of December 31, 2009, the average stock price over the
fi nal trading month was €31.04, representing a total valuation
of €3,408,760.
Note 6 Accrual accounts – assets
Prepaid expenses include subscriptions, fees and other expenses relating to future periods.
Note 7 Share capital
Noting the election by 80.32% of shareholders for a stock dividend,
the Executive Board meeting of June 24, 2009 recorded the
issue of 1,054,907 new shares issued at a unit price of €24.59,
representing a capital increase of €1,057,907 and an issue premium
of €24,885,256.
The Executive Board meeting of July 27, 2009 noted that the threeyear
vesting period provided for in the 2006 bonus share plan
had expired on July 24, 2009 and that 59,264 new shares should
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Contents
A provision was recorded for the unrealised loss having regard to
the stock price at December 31, 2009.
The other components of investment securities are money market
funds (€7,750,000) and certifi cates of deposit (€8,500,000), with
maturities ranging from one to four months, invested with top-line
banks.
accordingly be issued. These new shares were issued at a unit price
of €1, resulting in a capital increase of €59,264, deducted from the
reserves.
Under Article 6 of the Articles of Association, the share capital is set
at twenty-six million seventy thousand eight hundred and forty-six
euros (€26,070,846). It is comprised of twenty-six million seventy
thousand eight hundred and forty-six (26,070,846) shares of one
euro each, fully paid up and all of the same class.
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