Connect - Schneider Electric
Connect - Schneider Electric
Connect - Schneider Electric
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6 COMPANY FINANCIAL STATEMENTS<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
228<br />
Note 7 Shareholders’ equity and retained earnings<br />
(in millions of euros) Share capital<br />
2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC<br />
Additional<br />
paid-in capital<br />
Reserves<br />
and retained<br />
earnings<br />
Net income for<br />
the year<br />
Untaxed<br />
provisions Total<br />
December 31, 2009 before<br />
allocation of net income for the year 2,102 5,831 521 476 1 8,931<br />
Change in share capital 39 265 304<br />
Allocation of 2009 net income 12 (12) 0<br />
2009 dividend 35 296 (66) (464) (199)<br />
Other changes during the period (1) (1)<br />
2010 net income<br />
December 31, 2010 before<br />
703 703<br />
allocation of net income for the year 2,175 6,393 467 703 - 9,738<br />
Change in share capital 20 195 215<br />
Allocation of 2010 net income 7 (7) 0<br />
2010 dividend (160) (696) (856)<br />
Other changes during the period -<br />
2011 net income 2,604 2,604<br />
DECEMBER 31, 2011 BEFORE<br />
ALLOCATION OF NET INCOME<br />
FOR THE YEAR 2,195 6,588 314 2,604 - 11,701<br />
7.1 – Capital<br />
Share capital<br />
The Company’s share capital at December 31, 2011 amounted to<br />
EUR2,195,772,096, consisting of 548,943,024 shares with a par<br />
value of EUR4, all fully paid up.<br />
Changes in share capital<br />
During the fi nancial year, 3,855,632 shares were issued as part of<br />
the worldwide Employee Stock Purchase Plan amounting to the<br />
EUR15 million in share capital while 1,169,210 new shares were<br />
issued on the exercise of stock options, increasing the share capital<br />
by EUR5 million.<br />
Own shares<br />
The total number of own shares held at the reporting date stood at<br />
9,164,952, representing a net amount of EUR248 million.<br />
7.2 – Additional paid-in capital<br />
Additional paid-in capital rose by EUR195 million over the fi nancial<br />
year, including EUR162 million from the worldwide Employee<br />
Stock Purchase Plan and EUR33 million from the exercise of<br />
stock options.<br />
7.3 – Retained earnings<br />
Pursuant to the third resolution of the Annual and Extraordinary<br />
Shareholders’ Meeting of April 21, 2011, EUR7 million of the<br />
EUR703 million in 2010 distributable earnings was allocated to the<br />
legal reserve. EUR856 million was paid out in dividends (including<br />
EUR160 million deducted from retained earnings).
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