Annual report 2001 - GL events

76 77
The Mixed Annual General Meeting of 15 June 2001 has
decided the following :
• the division by 5 of the nominal value of the 2 393 539
shares at FRF 100, via an exchange of the said shares
for 11 967 695 shares at FRF 20 per share,
• the conversion of the share capital of the amount of €
36 489 266.82, the nominal value of the shares coming
to € 3.04898,
• the capital increase of an amount of € 10 863 54.44
through the incorporation of this sum indicated under
the item « Share premium »,
• the capital increase of an amount of € 517 972 .74
through the incorporation of this sum deducted from
the account « Other Reserves »,
• the € 4 increase, as a result of these incorporations, of
the nominal value of the shares.
At 31 December 2001, the share capital is made of
11 977 695 shares of € 4. During the course of the first
quarter, this number was increased to 11 980 195
following the exercise of options by a shareholder
employee for a total of 2 500 shares.
Out of the entire option plan of 500 000 options voted
by the General Meeting of 3 October 1998, 445 000 were
allocated at 31 December 2001 and out of these
445 000, 29 000 were declared and 416 000 remained to
be taken up.
Note 16
Provisions for Liabilities and Charges
The table establishing the movements of provisions for liabilities and charges is as follows :
2000 Mvts/Scope Increase Decrease Other mvts 2001
K€ K€ K€ K€ K€ K€
Provision for adaptation 152 152
Provision for staff risk 673 58 209 426 8 521
Provision for tax risk 1 184 1 098 139 225
Provision for post retirement
benefit 1 611 195 116 478 (1) 1 442
Other provisions for risks
and charges 2 829 72 282 1 589 (99) 1 496
Total 6 449 325 607 3 591 47 3 836
Operational increases and decreases 415 1 764
Financial increases and decreases 9 42
Exceptional increases and decreases 183 1 335