Annual Report 2011 - Analist.be

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Accounts at 31 December 2011 - Notes15. Capital and dividends15.1. Number of shares representative of shareholders’ equity and treasury sharesIn EUR millionNumber ofissued sharesof whichtreasury sharesAt 31 December 2008 161,358,287 (5,576,651)Variation - (478,088)At 31 December 2009 161,358,287 (6,054,739)Variation - (44,705)At 31 December 2010 161,358,287 (6,099,444)Variation - -At 31 December 2011 161,358,287 (6,099,444)Treasury sharesOn 31 December 2011, the Group held 6,099,444 treasury shares, or 3.8% of the subscribed capital, of which the acquisitioncost is deducted from shareholder’s equity. Of this total, 2,147,533 are intended to cover part of the exchangeable bonds issuedin April 2005 not held by GBL (see note 13.) and 869,423 are intended to cover the stock option plans for 1999 and 2007 to 2011(see note 20.).During 2011 (2010), GBL acquired and sold respectively the same number of its treasury shares, i.e. 8,683 (compared to 343,699and 298,994 respectively) for an overall net total of EUR 0 (10) million.Information on acquisitions of treasury shares by GBL or its subsidiaries has been published since 1 July 2009 on the GBLwebsite (Legal aspects, share capital, purchase of treasury shares).15.2. DividendsOn 19 April 2011, a dividend of EUR 2.54 per share (EUR 2.42 in 2010 and EUR 2.30 in 2009) had been paid to the shareholders.The Board of Directors will propose a gross dividend of EUR 2.60 per share for the distribution relating to 2011, which willbe payable on 3 May 2012. The General Meeting of 24 April 2012 will vote on the proposed distribution, which is expectedto amount to EUR 420 million based on the above-mentioned assumptions and the number of shares entitled to dividends(161,358,287 shares).102 Annual Report 2011
16. ProvisionsIn EUR million Legal actions EnvironmentOtherprovisionsAt 31 December 2008 - - 0.9 0.9Allocations - - 0.1 0.1Uses - - - -Reversals - - - -Impact of discounting - - - -Group structure changes/Business combinations - - - -Currency translation adjustments - - - -Other - - - -At 31 December 2009 - - 1.0 1.0Allocations - - - -Uses - - - -Reversals - - (0.5) (0.5)Impact of discounting - - - -Group structure changes/Business combinations - - 2.4 2.4Currency translation adjustments - - - -Other - - - -At 31 December 2010 - - 2.9 2.9Allocations 11.7 4.7 32.1 48.5Uses (3.2) (8.1) (11.8) (23.1)Reversals - (1.0) (2.6) (3.6)Impact of discounting - 2.3 - 2.3Group structure changes/Business combinations 22.3 149.6 81.6 253.5Currency translation adjustments 0.2 7.6 0.1 7.9Other 0.7 2.2 (2.9) -At 31 December 2011 31.7 157.3 99.4 288.4Of which current provisions - 5.2 15.3 20.5Of which non-current provisions 31.7 152.1 84.1 267.9TotalAccounts at 31 December 2011The Group’s provisions are mainly held by Imerys and amounted to EUR 284 million on 31 December 2011.Imerys sets aside provisions intended to cover environmental risks resulting from its industrial activity and provisions for therehabilitation of mining sites at the end of their operating lives. These provisions amounted to EUR 157 million on 31 December 2011.The corresponding bonds have maturities ranging from 2012 to 2016 in the amount of EUR 41 million, from 2017 to 2026 in theamount of EUR 41 million and from 2027 in the amount of EUR 75 million.Provisions constituted by Imerys to cover legal actions amount to EUR 31 million and have a probable maturity ranging from2012 to 2016.Imerys is also exposed to legal actions and claims arising from the ordinary course of its businesses. These risks concernallegations by third parties of personal or financial injury implicating the civil liability of group entities, the potential breachof certain contractual obligations or legal or regulatory provisions in the social, real estate or environmental spheres.Annual Report 2011 103
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Annual Report2011 Groupe Bruxelles
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Responsible persons1 Responsibility
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Message to shareholdersLadies and G
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Stock Exchange dataShareholder info
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Selected Portfolio and financial ad
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Consolidated result analysisThe tab
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Consolidated figures IFRSIn 2011, t
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20 Annual Report 2011
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Total is a global, integrated oil a
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GDF SUEZ is a world reference energ
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Overview of the activities - GDF SU
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The world’s co-leader in Wine & S
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Main financial data30 June 2011 30
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With a presence in 64 countries, La
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Environment variables and operating
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Data on Stock Exchange and on GBL
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Percentage of share capital .......
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Environment variables and operating
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Page 62 and 63: Overview of the activities - Arkema
Page 64 and 65: Overview of the activities - Arkema
Page 66 and 67: Other investmentsIberdrola(http://w
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Page 70 and 71: Consolidated balance sheet at 31 De
Page 72 and 73: Consolidated statement of changes i
Page 74 and 75: Accounting policiesGroupe Bruxelles
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Page 88 and 89: Accounts at 31 December 2011 - Note
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Page 99 and 100: In EUR millionLand andbuildingsMine
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Page 142 and 143: Corporate governance statement3.4.1
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Page 153 and 154: Chain of ownershipPaul G.Desmarais6
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9.3.3. Organisation chart of shareh
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11.9. Capital11.9.1. Issued capital
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Resolutions proposed to shareholder
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• Regent and Member of the Budget
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Paul DesmaraisVice-Chairman of the
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• Director of 152245 Canada Inc.
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List of activities and other mandat
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• Director of Pargesa Holding S.A
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• Director of Great-West Lifeco I
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Amaury de SezeDirectorList of activ
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• Director of 4400046 Canada Inc.
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Gross annual returnThe gross annual
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Groupe Bruxelles Lambertwww.gbl.be
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