AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

11. Equity
Share capital
At 31 December 2011 and 2010 the share capital of the parent company amounted to 32,403
thousands of Euros, represented by 32,403,256 fully subscribed and disbursed ordinary shares of one
euro nominal value each.
The Group considers the equity attributed to the parent company as capital for management purposes.
The only external requirements this management capital are subject to are those arising from current
mercantile legislation and those in the financing contract (see Note 13).
The ultimate objective of the management capital is to finance the development plan defined by the
Company Directors and to provide a suitable remuneration policy for the shareholders. The policies and
processes affecting capital management carried out by the Company Directors mean that this objective
can be fulfilled without jeopardising the financial-asset situation of the Group.
All the shares that make up the capital enjoy the same rights and are admitted for stock market listing.
At the end of the financial year this figure was 1.66 Euros (2.90 Euros at the end of 2010). The average
share price in Q3 2011 and 2010 was 2.99 and 3.47 Euros respectively.
During the 2010 fiscal year, the Parent Company carried out a capital increase of 2,945,000 Euros
charged to the reserve per share premium of 2,261,000 Euros and to the entire revaluation reserve
Royal Decree Act 7/1996 for 684 thousand Euros. This capital increase was carried out in the terms
approved by the General Meeting of Shareholders of Amper, S.A. of 23 June 2010.
At 31 December 2011, the only shareholder with a stake in the company's share capital above 10% is
TVIKAP AB, which holds 22.011%
Issue premium
The Revised Law of Limited Liability Companies in Spain expressly permits the use of the issue
premium balance to increase capital and does not establish any specific restrictions on the availability
of this balance.
Other reserves
a.-) Legal reserve
In accordance with the Law of Limited Liability Companies in Spain, a sum equivalent to 10% of a
company's profits in the financial year must be allocated to the legal reserve until this reserve reaches
at least 20% of the share capital.
The legal reserve may be used to increase capital provided that the remaining reserve balance does
not fall below 10% of the increased share capital amount. Except for this purpose, and provided that the
reserve does not exceed 20% of the share capital, it can only be used for offsetting losses, provided
that sufficient other reserves are not available for this purpose.
The parent Company of the Group has allocated the sum of 5,892 thousands of Euros to the legal
Reserve, included under "Reserves" in the attached consolidated balance sheet.
b.-) Reserve for Retired Capital.
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