Financial Statements and Management Report - Thyssenkrupp
Financial Statements and Management Report - Thyssenkrupp
Financial Statements and Management Report - Thyssenkrupp
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2.3 <strong>Financial</strong> statements Notes<br />
Purchase date Price € No. of shares<br />
% of<br />
capital stock<br />
Arithmetical<br />
share of<br />
capital stock<br />
Purchase<br />
costs<br />
38<br />
Sale<br />
proceeds<br />
Total on Sept. 30, 2010 50,094,707 9.74%<br />
February 1, 2011<br />
Discounted share<br />
purchase 29.59 209,770 0.04% 537,011.20 € 6,207,094.30 € 1,492,016.00<br />
May 5, 2011 Employee shares 29.46 400,095 0.08% 1,024,243.20 € 11,786,798.70 € 5,893,399.35<br />
July 6, 2011 Sale of treasury shares 32.95 49,484,842 9.62% 126,681,195.52 € 1,630,525,543.90 €<br />
Total on Sept. 30, 2011 0 0.00%<br />
For the employee share program in the United Kingdom:<br />
The shares were purchased on a monthly basis on the stock market by<br />
a trustee. The employee contributions were deducted monthly from<br />
their pay <strong>and</strong> made available to the trustee to purchase the<br />
ThyssenKrupp shares. In this way, a total of 16,487 shares were<br />
purchased at an average price of €28.9152 taking exchange-rate<br />
fluctuations into account.<br />
- Arithmetical value of the capital stock of<br />
ThyssenKrupp AG accounted for by these shares: €42,206.72<br />
- Share of capital stock: 0.0032%<br />
- Purchase costs: €476,725.23<br />
- Sale proceeds from employees: €476,725.23<br />
The sale proceeds were used to finance the purchase.<br />
For the employee share program in France:<br />
The shares were purchased on a monthly basis on the stock market by<br />
a trustee. The employee contributions were deducted monthly from<br />
their pay <strong>and</strong> made available to the trustee to purchase the<br />
ThyssenKrupp shares. In this way, a total of 20,850 shares were<br />
purchased at an average price of €34.35 taking exchange-rate<br />
fluctuations into account.<br />
- Arithmetical value of the capital stock of<br />
ThyssenKrupp AG accounted for by these shares: €53,376.00<br />
- Share of capital stock: 0.0040%<br />
- Purchase costs: €716,197.50<br />
- Sale proceeds from employees: €716,197.50<br />
The sale proceeds were used to finance the purchase.<br />
The treasury shares acquired under a previous authorization resolution<br />
together with other shares of ThyssenKrupp AG assigned to the<br />
Company at no point exceeded ten percent of the capital stock.<br />
Information on shareholdings<br />
On October 5, 2011 the Alfried Krupp von Bohlen und Halbach<br />
Foundation, Essen, informed us that at September 30, 2011 it held a<br />
total of 130,313,600 no-par value shares of ThyssenKrupp AG, the<br />
equivalent of around 25.33% of the voting rights.<br />
A notification in accordance with § 21 subs. 1 WpHG was received from<br />
Black Rock Investment <strong>Management</strong> (UK) Limited, London, UK, on<br />
September 29, 2011 that the share of the voting rights held by<br />
BlackRock Inc., New York, USA, amounted to 5.06% <strong>and</strong> these voting<br />
rights are allocable to it. Of these 4.89% is allocable via BlackRock<br />
Holdco 2, Inc., Wilmington, Delaware, USA <strong>and</strong> BlackRock <strong>Financial</strong><br />
<strong>Management</strong>, Inc., New York, USA.<br />
The voting rights of Franklin Mutual Advisers LLC, Wilmington, USA,<br />
exceeded the 3% threshold on March 4, 2011 <strong>and</strong> it now holds 3.06%.<br />
In accordance with § 26 subs. 1 sentence 2, WpHG, ThyssenKrupp AG<br />
reported on July 11, 2011 that the 49,484,842 treasury shares held<br />
via its wholly owned subsidiary Krupp Hoesch Stahl GmbH had been<br />
sold <strong>and</strong> as a result the shareholding had fallen below the 5% <strong>and</strong> 3%<br />
thresholds. As of that date Krupp Hoesch Stahl GmbH <strong>and</strong><br />
ThyssenKrupp AG no longer hold any ThyssenKrupp shares (0.00%, 0<br />
shares).<br />
07 Provisions<br />
million €<br />
Sept. 30,<br />
2010<br />
Sept. 30,<br />
2011<br />
Accrued pension <strong>and</strong><br />
similar obligations 386 1,183<br />
Other provisions 362 233<br />
thereof for taxes (277) (145)<br />
thereof miscellaneous provisions (85) (88)<br />
In the past fiscal year €19 million (prior year €10 million) was allocated<br />
to the provisions for pensions <strong>and</strong> similar obligations. To comply with<br />
valuation requirements following the adoption of the Accounting Law<br />
Modernization Act (BilMoG), at October 1, 2010 €12 million was<br />
allocated to the provision for pension obligations <strong>and</strong> partial retirement<br />
benefits <strong>and</strong> is recognized as extraordinary income/expense. Also as a<br />
result of the adoption of this legislation, the valuation of miscellaneous<br />
provisions led to a reversal of less than €1 million at October 1, 2010<br />
which is reported under retained earnings.