Making people successful in a changing world - Annual Report 2012

Notes to Financial Statements (Holding Company)In millions, except share and per share amountsNote 4 – Shareholders’ equityas of December 31Balance at1186,298,698 common shares at CHF 1 par value249,000 participation certificates at CHF 1 par valueShare capitalParticipationcertificatesGeneralreservesTreasurysharesRetainedearningsDecember 31, 2000 CHF 186 CHF - CHF 1,920 CHF 9 CHF 1,112 CHF 3,227Dividend Distribution (185) (185)Share capital increase 31 31Net income for the year 506 506Balance atDecember 31, 2001 CHF 186 1 CHF - 2 CHF 1,951 CHF 9 CHF 1,433 CHF 3,579TotalOn May 2, 2001, Adecco held its annual general meeting ofshareholders in Lausanne, Switzerland. At the meeting, the Adeccoshareholders approved the following capital changes:Conditional sharesReduction of conditional capital of Art 3sexies from 7,000,000 sharesto 5,399,880 shares, or a maximum aggregate amount of CHF5,399,880, through issuing a maximum of 5,399,880 registeredshares, which shall be fully paid up by the exercise of option andconversion rights to be granted in relation with bond issues or otherobligations of the corporation or affiliated companies.Increase of conditional capital of Art 3quinquies from 5,267,760shares to 7,867,880 shares, or, a maximum aggregate amount ofCHF 7,867,880 by issuing a maximum of 7,867,880 registered shares,which shall be fully paid up by the exercise of option rights whichthe Board of Directors grants to the employees and to the membersof the Board of Directors of the corporation or of its affiliatedcompanies.During 2001, 785,268 shares were issued for stock options for atotal value of CHF 31.Authorised sharesAuthorised the issuance of up to 19,000,000 additional Adecco sharesto finance possible mergers and acquisitions.Note 5 – Significant ShareholdersAdecco SA’s shares are registered shares. Adecco is not aware ofany significant shareholders, other than Akila Finance SA andKJ Jacobs AG, which held interests of 18.33% and 18.49%respectively, as of December 31, 2001.Note 6 – Restriction Regarding the Distributionof DividendsUnder Swiss law, a minimum of 5% of the net income for the yearmust be transferred to a general reserve until this reserve equals 20%of the issued share capital. Other allocations to this reserve are alsomandatory. The general reserve is an appropriation of retainedearnings and is not available for distribution.Proposed appropriation of retained earnings2001DividendCHF 1.00 per registered share 217,651,632 1CHF 1.00 per participation certificate 5,740To be carried forward 1,215,306,8851,432,964,2571This amount represents the maximum amount of dividends payable based onthe total number of shares issued (excluding treasury shares) of 186,169,140,conditional shares of 12,482,492 and authorised shares of 19,000,000 as ofDecember 31, 2001. Included in this total number of shares are 31,482,492authorised and conditional shares, which were not in circulation as ofDecember 31, 2001.29