Technologies · Systems · Solutions - Dürr

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Contingent liabilities
Research and non-capitalizable
development costs
Stock options
Earnings per share
Liabilities are disclosed in the notes to the financial statements as contingent liabilities for a
possible obligation that arises from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within
the control of the enterprise. Contingent liabilities can arise from a present obligation that results
from past events but is not recognized because:
it is not probable that an outflow of resources embodying economic benefits will be required
to settle the obligation, or
the amount of the obligation cannot be measured with sufficient reliability.
A contingent liability is not disclosed if the possibility of an outflow of resources embodying
economic benefits is remote.
Research and non-capitalizable development costs are recorded with effect on income when
they are incurred.
Obligations and costs resulting from stock option plans are not disclosed as personnel expenses
in the income statement when the options are granted. When the stock options are exercised,
the payments received are accounted for in the equity.
Earnings per share are determined pursuant to IAS 33 (Earnings per Share).
If there are dilutive elements present, two different ratios for earnings per share must be dis-
closed. The ratio “Earnings per share” does not take account of dilutive effects; the earnings
share of the shareholders of Dürr Aktiengesellschaft is divided by the weighted average number
of shares outstanding. The ratio “Earnings per share (diluted)" accounts not only for the shares
outstanding, but also for shares potentially available on the basis of options.
The calculation is presented below (all amounts in thousands of euros, except earnings per share
which are stated in euros). In the reporting periods 2004 and 2003, there were no dilutive effects
as no option rights were issued and all existing option rights have expired.
2004 2003
Profit/loss allocable to shareholders of
Dürr Aktiengesellschaft 5,723 –30,588
of which continuing operations 12,610 –22,286
of which discontinued operations –6,887 –8,302
Number of shares outstanding (weighted average) 14,298.2 14,298.2
Earnings per share (basic and diluted) 0.40 –2.14
of which continuing operations 0.88 –1.56
of which discontinued operations –0.48 –0.58