PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

174Consolidated Financial Statements of gildemeister Aktiengesellschaft: Notes to the Consolidated Financial StatementsCapital reservesThe group’s capital reserves include the premiums for the issue of shares of gildemeisterAktiengesellschaft in an amount of € 83,447,597 (previous year: € 83,447,597). Transactioncosts of € 5,288,362 that are allocated directly to capital procurement reduced byrelated tax benefits on income of € 1,954,022 were deducted from the capital reserves.The capital reserves amount to € 80,113,257 (previous year: € 80,113,257).Retained earningsStatutory reservesThe disclosure does not affect the statutory reserves of gildemeister Aktiengesellschaftin an amount of € 680,530.Other retained earningsRetained earnings include prior-period profits generated by the companies included inthe Consolidated Financial Statements as far as they were not distributed. Retainedearnings also include the offset of liabilities-side differences from the consolidation ofinvestments of those subsidiaries that were consolidated before 1 January 1995, and theadjustments directly in equity in accordance with the first application of ifrs rules.Finally, they show the differences arising from foreign currency translation not reportedin profit or loss in the financial statements of international subsidiaries and the post-taxeffects from the valuation of financial instruments in equity. Deferred taxes recogniseddirectly in equity amount to € 4,815 k (previous year: € 5,229 k).A detailed overview on the composition of, or changes in, other retained earningsin the financial year 2010 and in the previous year is included in the Development ofGroup Equity.consolidated financialstatementsProposed appropriation of profitsIn accordance with the German Commercial Code (hgb), the Annual Financial Statementsof gildemeister Aktiengesellschaft form the basis for the appropriation of profits of thefinancial year. The dividend to be distributed to owners is therefore subject to the retainedprofits shown in the Annual Financial Statements of gildemeister Aktiengesellschaft.The financial year 2010 of gildemeister Aktiengesellschaft closes with net incomefor the year of € 1,078,460.76. It will be proposed to the annual general meeting of shareholderson 13 May 2011, taking into account the profit carry forward from the previousyear in an amount of € 1,905,532.82, to carry the remaining net retained profits of€ 2,983,993.58 forward to new account.A dividend of € 0.10 per share was distributed for the financial year 2009.