<strong>Wavin</strong> Annual Report 2010 | page 108Outstanding number of sharesThe change in outstanding number of shares can be specifi ed as follows:(shares × 1) 2010 2009Issued ordinary shares at 1 January 406,257,050 80,769,090Treasury shares at 1 January (565,950) (375,140)Outstanding ordinary shares at 1 January 405,691,100 80,393,950Effect of paid stock dividend — 482,320Effect of shares issued 250,815 375,140Effect of shares purchased — (565,950)Effect of rights issue — 325,005,640Shares issued to facilitate reverse stock split 6 —Outstanding ordinary shares before reverse stock split 405,941,921Treasury shares before reverse stock split 315,135Issued ordinary shares before reverse stock split 406,257,056Effect of reverse stock split (355,474,924)Issued ordinary shares after reverse stock split 50,782,132Treasury shares after stock split (39,392)Outstanding ordinary shares after reverse stock split 50,742,740Effect of shares issued as part of LTIP, reverse stock split 620Effect of shares purchased (75,000)Outstanding ordinary shares at period end 50,668,360 405,691,100Treasury shares at 31 December 113,772 565,950Issued shares at 31 December 50,782,132 406,257,050The effect of the reverse stock split on the <strong>com</strong>parative fi gures is as follows:(shares × 1) 2010 2009Reported outstanding ordinary shares at reporting date 50,668,360 405,691,100Effect of reverse stock split on <strong>com</strong>parative fi gures - (354,979,712)Outstanding ordinary shares at reporting date 50,668,360 50,711,388Reported treasury shares at reporting date 113,772 565,950Effect of reverse stock split on <strong>com</strong>parative fi gures - (495,206)Treasury shares at reporting date 113,772 70,744Reported issued ordinary shares at reporting date 50,782,132 406,257,050Effect of reverse stock split on <strong>com</strong>parative fi gures - (355,474,918)Issued ordinary shares at period end 50,782,132 50,782,132Outstanding ordinary shares at reporting date (diluted) 50,813,405 50,746,624Issued ordinary shares at reporting date (diluted) 50,927,177 50,817,368
<strong>Wavin</strong> Annual Report 2010 | page 109Weighted average number of shares(shares × 1) 2010 2009*Weighted average number of outstanding ordinary sharesat period end 50,690,035 36,299,484Weighted average number of outstanding ordinary sharesat period end (diluted) 50,815,227 36,324,005* The 2009 weighted average number of outstanding shares was effected by the issuance of shares in July 2009.The dilution of ordinary shares of 125,192 shares (2009: 24,521 shares) relates to the granted matchingshares and performance options as part of the Long Term Incentive Plan (see note 28). As the granted optionsfor 2008 and 2009 are not expected to meet the vesting conditions no dilution is taken into account withrespect to these options.17. Property, plant & equipment(€ x 1,000) NOTE LAND ANDBUILDINGSMACHINERYANDEQUIPMENTOTHERASSETSUNDERCONSTRUCTIONTOTALCostBalance at 1 January 2009 275,628 681,575 75,421 23,251 1,055,875Acquisitions through business <strong>com</strong>binations 7 47 – 26 – 73Investments 5,292 33,017 2,807 (12,185) 28,931Transfer to assets classifi ed as held-for-sale 6 (3,480) (5,198) (1,004) – (9,682)Disposals and divestments (2,175) (6,738) (3,604) – (12,517)Effect of movements in exchange rates 4,586 15,339 552 (227) 20,250Balance at 31 December 2009 279,898 717,995 74,198 10,839 1,082,930Balance at 1 January 2010 279,898 717,995 74,198 10,839 1,082,930Investments 3,714 22,021 1,870 8,964 36,569Transfer to assets classifi ed as held-for-sale 6 509 18 205 – 732Disposals and divestments (1,785) (11,185) (2,545) – (15,515)Effect of movements in exchange rates 4,136 11,812 752 210 16,910Balance at 31 December 2010 286,472 740,661 74,480 20,013 1,121,626DepreciationBalance at 1 January 2009 (118,954) (506,176) (63,757) – (688,887)Depreciation charge for the year (8,804) (36,643) (4,651) – (50,098)Transfer to assets classifi ed as held-for-sale 6 2,734 4,326 977 – 8,037Disposals and divestments 1,721 6,446 3,603 – 11,770Effect of movements in exchange rates (1,861) (11,541) (567) – (13,969)Balance at 31 December 2009 (125,164) (543,588) (64,395) – (733,147)Balance at 1 January 2010 (125,164) (543,588) (64,395) – (733,147)Depreciation charge for the year (8,868) (34,447) (3,825) – (47,140)Transfer to assets classifi ed as held-for-sale 6 (458) (48) (196) – (702)Disposals and divestments 1,145 10,326 2,511 – 13,982Effect of movements in exchange rates (1,340) (8,369) (643) – (10,352)Balance at 31 December 2010 (134,685) (576,126) (66,548) – (777,359)Carrying amountsAt 1 January 2009 156,674 175,399 11,664 23,251 366,988At 31 December 2009 154,734 174,407 9,803 10,839 349,783At 1 January 2010 154,734 174,407 9,803 10,839 349,783At 31 December 2010 151,787 164,535 7,932 20,013 344,267