Annual Report 2009 - Ecco

52
Notes to the Group and Parent Company financial statements
10. Equity
DKK ’000
ECCO’s Annual Accounts 2009 / Notes to the Group and Parent Company financial statments
2009 2008 2009 2008
The share capital consists of:
112 shares (in amounts from DKK 500 to DKK 1,658,200)
Total share capital
Reserve for net revaluation according to the equity method
5,500 5,500 5,500 5,500
Reserve for net revaluation at 1 January - - 672,491 501,989
Net revaluation - - 66,378 170,502
Reserve for net revaluation at 31 December - - 738,869 672,491
Brought forward from prior years/revaluation reversed 2,467,919 2,067,947 1,795,428 1,565,958
Proposed dividend in respect of the financial year 340,000 276,000 340,000 276,000
Dividend paid (276,000) (151,000) (276,000) (151,000)
Exchange rate adjustment to year-end exchange rates (4,818) (8,740) - -
Currency translation of subordinated loan capital in subsidiaries (577) 943 (577) 943
Gain on financial swap (2,493) (10,279) (2,493) (10,279)
Retained from profit for the year (40,763) 251,399 (107,720) 102,247
Adjustment of currency hedges of future sales (56,929) 41,649 (61,168) 11,559
Total retained earnings 2,426,339 2,467,919 1,687,470 1,795,428
Total equity 2,431,839 2,473,419 2,431,839 2,473,419
The nominal value of treasury shares is DKK 550 thousand; they were acquired in 1989 at DKK 6,875 thousand. The treasury shares are carried at DKK 0.
Group Parent Company