• CONTENT
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• Andritz 2007
• Customer Projects
• Sustainability and Corporate Responsibility
• Business Areas
• Andritz Automation
• Human Resources
• Manufacturing, Procurement, and Quality
• Annual Financial Report 2007
  • Status Report
  • Statement by the Executive Board
  • Report of the Supervisory Board
  • Auditor's Report
  • Consolidated Balance Sheet
  • Consolidated Income Statement
  • Consolidated Cash Flow Statement
  • Consolidated Statement of Shareholders' Equity
  • Notes to the Consolidated Financial Statements
    • A. General
    • B. Summary of Significant Accounting Policies
    • C. Acquisitions
    • D. Accounting and Valuation Principles
      • a. Intangible Assets
      • b. Property, Plant and Equipment
      • c. Financial Assets and Investments in Associated Companies
      • d. Finished Goods, Work in Progress, Raw Materials
      • e. Construction Contracts
      • f. Trade Accounts Receivable
      • g. Marketable Securities
      • h. Cash and Cash Equivalents
      • i. Share Capital
      • j. Capital Reserves
      • k. Retained Earnings
      • l. Provisions
      • m. Financial Instruments
      • n. Other Accounting and Valuation Principles
      • o. Foreign Currency
      • p. Employee Benefits
      • q. Income Taxes
      • r. Use of Estimates
      • s. Contingencies
    • E. Segments
    • F. Notes to the Consolidated Balance Sheet
    • G. Notes to the Consolidated Income Statement
    • H. Segment Information
    • I. Notes to the Consolidated Cash Flow Statements
    • J. Financial Instruments
    • K. Leases
    • L. Commitments
    • M. Contingent Liabilities
    • N. Related Party Transactions
    • O. Subsequent Events
    • P. List of Consolidated Subsidiaries
  • Financial Statement of Andritz AG
• Locations of the Andritz Group
• Glossary
• Disclaimer

 

i. Share Capital

Only ordinary shares exist and all shares are issued and have the same rights.

On the basis of the Resolution of the General Meeting of Shareholders on 29 March 2007, a capital increase of TEUR 9,490 was accomplished from the company's own reserves and the Andritz shares were split in a ratio of 1:4 as of 3 May 2007; as a result, the total number of Andritz shares was increased from 13,000,000 to 52,000,000. All disclosures were adjusted according to the share split of 1:4 accomplished in 2007.

The share capital of Andritz AG amounts to TEUR 104,000 divided into 52,000,000 shares of no-par value.

Based on authorizations of the shareholders’ meetings and with approval from the Supervisory Board, the Executive Board has decided on programs for acquisition of own shares (up to 5,200,000) between 1 October 2005 and 31 March 2007 as well as between 1 April 2007 and 30 September 2008. The price range is a lowest price of EUR 2.50 and EUR 5.00, respectively, and a highest price which must not exceed the average unweighted closing price over the ten preceding trading days by more than 30%. In 2006, 177,444 own shares were acquired at an average price of EUR 30.21 per share. 618,000 own shares were resold at EUR 9.38 per share to eligible executives under the Management Share Option Plan and 8,416 own shares were transferred to employees of Andritz AG in the course of an employee participation program. In addition, 16,000 own shares were sold at the Vienna Stock Exchange for an average price of EUR 40.60 per share. In 2007, 521,094 own shares were acquired at an average price of EUR 40.48 per share and 62,500 own shares were resold at a price of EUR 9.38 per share to eligible executives under the Management Share Option Plan. 6,928 own shares were transferred to employees of Andritz AG in the course of an employee participation program. At 31 December 2007, the Company held 887,502 own shares at a market value of TEUR 36,787. It is planned to use these shares for delivery of shares within the framework of the Management Share Option Plan.