The good prospects are based on the all-embracing ... - ALNO AG

96
ConsoLidatEd FinanCiaL statEmEnts | notEs to thE ConsoLidatEd statEmEnt oF FinanCiaL position
or to be issued in order to service bonds with conversion or
option rights, insofar as the bonds have been issued during
the term of this authority with exclusion of subscription rights
in accordance with Section 186 (3), fourth sentence, of the
Stock Companies Act (AktG).
Sh<strong>are</strong>s can be sold in return for non-cash consideration, in
particular in conjunction with business combinations and the
acquisition of companies, company parts and holdings in
companies.
<strong>The</strong> sh<strong>are</strong>s can be offered to persons employed by the company
or one of its affiliated companies.
<strong>The</strong> sh<strong>are</strong>s can be used to discharge the company's obligation
under cum-warrant and/or convertible bonds issued or
guaranteed by the company in the future.
This authority can be exercised in the full amount or partamounts,
on one or more occasions in the pursuit of one or
more objectives. <strong>The</strong> sh<strong>are</strong>holders' right of subscription to
these own sh<strong>are</strong>s is excluded. In addition, the Board of Management
may, with the consent of the Supervisory Board,
exclude the right of subscription for fractional amounts, with
the consent of the Supervisory Board, when own sh<strong>are</strong>s
<strong>are</strong> sold within the context of an offer to all the company's
sh<strong>are</strong>holders. <strong>The</strong> Board of Management is also authorized
to collect the acquired own sh<strong>are</strong>s with the consent of the
Supervisory Board without requiring a further resolution of
the sh<strong>are</strong>holders' meeting.
b. Capital reserve
<strong>The</strong> capital reserve developed as follows in the year under
review:
in '000 EUR
Total as at 1 January 2010 36,544
Changes in 2010 5,893
Total as at 31 December 2010 42,437
Changes in 2011 3,479
Total as at 31 December 2011 45,916
A surplus in the amount of EUR 3,479 thousand resulting
from the capital increase in 2011 was allocated to the
capital reserve.
c. accumulated net income
With regard to the development of accumulated net income,
we refer to the figures presented in the consolidated statement
of changes in equity and the consolidated statement
of comprehensive income
<strong>The</strong> accumulated net income includes generated Group
equity, the reserve from currency translation and the other
transactions recognized outside profit or loss.
Generated Group equity comprises the accumulated
consolidated income of the reporting periods, the waivers
of repayment given by the sh<strong>are</strong>holders, transaction
expenses and the reserve from remeasurement when IFRS
standards were applied for the first time.
<strong>The</strong> other transactions recognized outside profit or loss
concern actuarial gains and losses from the provisions
for pensions, changes in the fair value of securities and
the deferred taxes associated with these in each case.
<strong>The</strong> amounts recognized in the financial year 2011 <strong>are</strong>
presented in the consolidated statement of comprehensive
income.