Technologies · Systems · Solutions - Dürr

Nature and purpose of
reserves
Dividends
Other comprehensive income
24. Minority interests
25. Provisions for pension
obligations
Consolidated financial statements of Dürr AG
107
The capital reserve of Dürr Aktiengesellschaft results from the premium of the share issue; it may
only be used in accordance with stock corporation regulations. Pursuant to Sec. 150 of the AktG,
the legal reserve and the capital reserve together must exceed one tenth of the capital stock to
be used to offset losses or for a capital increase from company funds. If the legal reserve and the
capital reserve together do not exceed one tenth of the capital stock, they may only be used to
offset losses if the loss is not covered by the profit carry-forward or net income and cannot be
offset by releasing other revenue reserves.
The revenue reserves contain profits of the parent company and of subsidiaries transferred to
the reserves.
The amount of dividends available for distribution to shareholders is regulated by the AktG,
and is based upon the earnings of Dürr AG as reported in its statutory financial statements prepared
in accordance with the HGB. The shareholders’ meeting will propose to carry forward
retained earnings.
The changes in the components of other comprehensive income for the 2004 reporting period
and the related tax effects are as follows:
2004 2003
Amounts in €k Before tax Tax effect Net Before tax Tax effect Net
Net losses
from derivates to
hedge cash flows
Change in unrealized
gains(–)/losses –2,207 821 –1,386 1,537 –690 847
Realized losses
Net gains/net losses(–)
4,330 –1,684 2,646 12,324 –4,788 7,536
from derivatives, total
Currency translation
2,123 –863 1,260 13,861 –5,478 8,383
difference –3,476 – –3,476 –12,880 – –12,880
Change in other
comprehensive income –1,353 –863 –2,216 981 –5,478 –4,497
Minority interests contain adjustment items for minority interests in capital required to be
consolidated from the capital consolidation and the profits and losses allocable to them. The
consolidated financial statements contain nine (2003: nine) companies in which minority shareholders
hold interests.
Pension entitlements have been granted to the members of the Board of Management of Dürr AG
and the members of the board of management and general managers of the German subsidiaries
based on salary and years of service.
At German Dürr subsidiaries, those workers who were employed at the German locations in
Filderstadt and Wyhlen and at the Schenck companies at the time their companies were acquired
are entitled to pension benefits. The pensions are based on years of service. The payments foreseen
by the pension plans are calculated on actual contributions plus an element that is