STATEMENTS OF CHANGES IN EQUITY

 

(in euro)

Issued

less

Share

Reserves

Retained earnings

Net income

Total

 

capital

own shares

capital

 

(losses)

for year

 

BALANCE AT DECEMBER 31 2008

395.587.634

(21.487.000)

374.100.634

345.985.148

221.164.387

33.251.267

974.501.436

Capital increases

471.000

--

471.000

528.389

--

--

999.389

Dividends to Shareholders

--

--

--

--

--

--

--

Net income posted to reserve

--

--

--

--

33.251.267

(33.251.267)

--

Dividends unclaimed as per Art. 23 of Bylaws

--

--

--

14.253

--

--

14.253

Adjustment for own share transactions

--

(50.000)

(50.000)

50.000

(74.255)

--

(74.255)

Notional recognition of stock options

--

--

--

5.454.488

--

--

5.454.488

Result for the year

--

--

--

--

--

(1.989.780)

(1.989.780)

BALANCE AT DECEMBER 31 2009

396.058.634

(21.537.000)

374.521.634

352.032.278

254.341.399

(1.989.780)

978.905.531

Capital increases

--

--

--

--

--

--

--

Dividends to Shareholders

--

--

--

--

--

--

--

Net income posted to reserve

--

--

--

--

(1.989.780)

1.989.780

--

Dividends unclaimed as per Art. 23 of Bylaws

--

--

--

15.462

--

--

15.462

Adjustment for own share transactions

--

--

--

--

--

--

--

Notional recognition of stock options

--

--

--

4.335.313

--

--

4.335.313

Movements between reserves

--

--

--

(7.481.889)

7.481.889

--

--

Result for the year

--

--

--

--

--

(14.715.748)

(14.715.748)

BALANCE AT DECEMBER 31 2010

396.058.634

(21.537.000)

374.521.634

348.901.164

259.833.508

(14.715.748)

968.540.558