AT&S World

Treasury shares
At the 16th Annual General Meeting on 7 July 2010, the Management
Board in accordance with § 65 (1) 8 AktG (Austrian Stock
Corporation Act) was once again authorised, if not yet exercised,
to acquire treasury shares of up to 10% of the share capital within
30 months as of the date the resolution was passed (the purchase
price per no-par value share to be acquired shall not be
below EUR 1.10 and shall not exceed EUR 110) and to retract
the treasury shares acquired without an additional shareholders’
resolution, or to use them for the Group’s stock option plan.
The Supervisory Board is authorised to pass amendments to the
articles of association, which result from the retraction of shares.
Since 15 May 2006, the Group has purchased a total of 2,632,432
treasury shares at the prevailing market price amounting to a
total of TEUR 47,484. In the financial year 2010/11 shares were
neither sold nor used for servicing the Company’s stock option
plan. At 31 March 2011 (unchanged to prior year) the Group still
holds 2,577,412 treasury shares (9.95% of the share capital) with
a total purchase price of TEUR 46,577. The change in treasury
shares (net of tax) in the financial year 2010/11 exclusively relates
to taxes attributable to this equity instrument.
(in EUR 1,000)
Currency translation
differences
Consolidated Financial Statements as of 31 March 2011
At the 16th Annual General Meeting on 7 July 2010 the Management
Board in accordance with § 65 (1b) AktG was authorised, for
a period of five years as of the date the resolution was passed,
i.e. up to and including 6 July 2015, upon approval by the Supervisory
Board, to sell the purchased treasury shares also in a
different way than through the stock exchange or public offer,
in particular to service stock options, convertible bonds, as consideration
for the acquisition of companies, investments or other
assets, and for the sale by means of an accelerated book-building
procedure. In doing so, the subscription rights of existing shareholders’
may be excluded in accordance with §§ 169 to 179 AktG,
and the authorisation exercised in its entirety or in several parts.
Dividend per share
In the financial year 2010/11 a dividend of EUR 0.10 was paid
per share (in the financial year 2009/10 EUR 0.18).
23. Other reserves
The reclassification amounts of other comprehensive income
realised in the profit for the year and the movement in other
reserves are as follows:
Financial assets
available for sale
Hedging instruments
for cash flow hedges
Other
reserves
Carrying amount at 31 March 2009
Balance of unrealised changes
537 24 – 561
before reclassification, net of tax
Transfer of realised changes
(2,060) 19 (299) (2,340)
recognised in the profit for the year, net of tax 219 – – 219
Carrying amount at 31 March 2010
Balance of unrealised changes
(1,304) 43 (299) (1,560)
before reclassification, net of tax
Reclassification of realised changes
(10,777) 1 238 (10,538)
recognised in the profit for the year, net of tax – – 66 66
Carrying amount at 31 March 2011 (12,081) 44 5 (12,032)
With regard to the presentation of income taxes attributable to
the individual components of other comprehensive income, including
reclassification amounts, reference is made to Note 7
“Income taxes”.
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