annual report 2008 Pelikan Holding AG

Pelikan Group
22. Other provisions (Contd.)
Other provisions comprise of warranty claims of CHF 0.8 million (2007: CHF1.2million) and personnel related
benefits of CHF 5.2 million (2007: CHF 4.8 million) where there is a possibility of a later payment.
23. Capital stock
At December 31, 2008, the capital stock of CHF 100.1 million comprises the following shares:
539,000 Registered shares of nominal CHF 65
1,001,000 Bearer shares of nominal CHF 65
24. Retained earnings
Retained earnings include legal and local statutory revaluation reserves of Pelikan Holding AG of CHF 13.5
million (2007: CHF 13.5 million) which are not distributable.
25. Significant shareholders
Pelikan International Corporation Berhad, a company listed in Bursa Malaysia Securities Berhad (the Malaysia
Stock Exchange) (“Bursa Malaysia”) holds 87.64% of the equity interest in Pelikan Holding AG consisting of all
the 539,000 registered and 810,677 bearer shares. Due to the pledge of some of the shares with transfer of the
voting rights to certain Malaysian banks for financing purposes, the percentage of voting rights of Pelikan
International Corporation Berhad by December 31, 2008 is 45.43%. The voting rights percentage of HSBC Bank
Malaysia Berhad is 16.23%, the voting rights percentage of CIMB Bank Malaysia Berhad equals to 12.99% and
OCBC Bank Malaysia Berhad and Overseas Chinese Banking Corporation Limited Malaysia (as a Group) hold
12.99% of the voting rights by December 31, 2008 due to the pledge of shares as mentioned above. Valartis
Bank AG, Switzerland, holds 5.07% equity interest in the Company.
26. Derivative financial instruments
A subsidiary hedged imported finished goods against the risks of foreign exchange losses.
Dec. 31, 2008 Dec. 31, 2008 Dec. 31, 2007 Dec. 31, 2007 Reason
Recognised Recognised Recognised Recognised
CHF 000 as asset as liability as asset as liability
Foreign currency 25 - - - Hedge
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