IMMOEAST Annual Report 2006/07

206 IMMOEAST Annual Report 2006/07
IAS 1.124B
IAS 12.81 (a)
4.9 Shareholders’ equity
The development of equity in the IMMOEAST Group is shown on the Statement of Changes in Equity, which forms an
integral part of these consolidated financial statements.
Management views capital as equity defined under IFRS, which excludes components of debt. IMMOEAST is not
subject to any external regulations or supervisory regulations that require a minimum level of capital.
The annual general meeting on 17 September 2004 approved an increase of EUR 88,941,240 in share capital from
EUR 59,294,160 to EUR 148,235,400. A resolution passed by the annual general meeting on 6 June 2005 authorised
the Executive Board to increase share capital in accordance with § 169 of the Austrian Stock Corporation
Act. This authorisation is valid up to 22 June 2010 and covers an increase of up to EUR 74,117,700 to a total of
EUR 222,353,100. A second segment of the capital increase was approved based on a resolution of the Executive
Board from 22 June 2005 and the authorisation from 6 June 2005. In total, share capital was increased to
EUR 222,353,100 through the issue of 163,058,940 shares.
The annual general meeting on 20 March 2006 approved an increase in share capital by up to EUR 333,529,650 to
EUR 555,882,750.
The annual general meeting on 14 September 2006 authorised the Executive Board to increase share capital in
accordance with § 169 of the Austrian Stock Corporation Act. This authorisation is valid up to 24 November 2011
and covers an increase of up to EUR 277,941,375 to a total of EUR 833,824,125. This increase of EUR 277,941,375
was approved and subsequently executed based on resolutions by the Executive Board on 30 April 2007 and 21 May
2007.
The share capital of IMMOEAST totalled EUR 555,882,750 as of 30 April 2007 (2005/06: EUR 222,353,100) and is
divided into 555,882,750 (2004/05: 222,353,100) zero value shares.
The classification of shares as of 30 April 2007 is as follows:
Number of shares Share capital EUR Number of shares Share capital EUR
30 April 2007 30 April 2007 30 April 2006 30 April 2006
Registered shares 2 2 2 2
Bearer shares 555,882,748 555,882,748 222,353,098 222,353,098
Total 555,882,750 555,882,750 222,353,100 222,353,100
The share premium in the individual financial statements prepared in accordance with Austrian commercial law
includes appropriated reserves of TEUR 3,613,706.0 (2005/06: TEUR 1,195,616.0) from capital increases made in
accordance with § 229 (2) 1 of the Austrian Commercial Code in conjunction with § 130 (2) of the Austrian Stock
Corporation Act.
The capital increase carried out in 2006/07 generated a premium of TEUR 2,418,090.0 (2005/06: TEUR 962,047.7),
which was credited to the share premium account. Issue costs of TEUR 69,620.5 (2005/06: TEUR 29,047.5) were
charged to the share premium account after the deduction of taxes totalling TEUR 23,206.8.