Technologies · Systems · Solutions - Dürr

106
22. Other receivables and
other assets
23. Equity without minority
interests
Subscribed capital
Authorized capital (Dürr AG)
Conditional capital (Dürr AG)
Capital reserve
Other receivables and other assets break down as follows:
December 31, 2004 December 31, 2003
Amounts in €k Total Current Non-current Total Current Non-current
Receivables from financing
activities due from associates 760 760 – 760 760 –
Other assets 61,970 59,160 2,810 74,571 69,500 5,071
62,730 59,920 2,810 75,331 70,260 5,071
Other assets include in particular tax refund claims not relating to income taxes of € 20,518 thou-
sand (2003: € 32,768 thousand), amounts due from suppliers of € 1,026 thousand (2003: € 2,727
thousand), receivables from employees of € 1,102 thousand (2003: € 1,295 thousand) and forward
exchange contracts recorded at their fair value of € 6,835 thousand (2003: € 6,320 thousand).
Notes to the consolidated balance sheet: Equity and liabilities
As of December 31, 2004, the capital stock of the Company came to € 36,603 thousand and was
divided into 14,298,200 no par value shares (unchanged compared to January 1, 2003), issued to
the bearer.
Each share represents € 2.56 of the subscribed capital.
By resolution of the annual shareholders’ meeting on May 30, 2001, the Board of Management
is authorized through May 30, 2006, to increase capital stock by a total of up to € 16,219,904
through the issuance of up to 6,335,900 bearer shares of common stock or non-voting preferred
stock, each representing € 2.56 of capital stock, in exchange for cash.
By resolution of the annual shareholders’ meeting on May 30, 2001, the Board of Management
is authorized – with the consent of the Supervisory Board – to increase capital stock by a total of
up to € 10,240 thousand through the issuance of up to 4 million new no-par value bearer shares
in the form of shares of voting common stock or preferred stock, each representing € 2.56 of capital
stock (conditional capital I). The conditional capital increase can be used to issue convertible
bonds with a nominal value of up to € 102,400 thousand, which can have a term of up to 15 years.
The authorization is valid until May 30, 2006.
Under the Dürr International Stock Option Plan (DISOP), the Board of Management is further
authorized to increase capital stock conditionally by up to € 2,560 thousand through the issuance
of up to 1 million common shares, each representing € 2.56 (conditional capital II) of capital stock.
In the reporting periods 2004 and 2003, Dürr did not issue any further options to participants
under the stock option plan. In the 2003 reporting period, the 94,795 stock options outstanding
all expired.
As of December 31, 2004, the capital reserve amounts to € 159,000 thousand (2003: € 159,000
thousand).