The subscribed capital (capital stock) of Wacker Chemie AG amounts to €260,763,000. It consists of 52,152,600 no-par-value shares (total). This corresponds to a computed par value of €5 per share. There are no different classes of shares. All of the shares are common shares.
In the course of the IPO in April 2006, the number of shares outstanding increased as a result of the sale of some shares previously held as treasury shares. The following table shows the development in the year under review and in the previous year:
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Units |
2008 |
2007 |
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Shares outstanding at the start of the fiscal year |
49,677,983 |
49,677,983 |
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Shares outstanding at the end of the fiscal year |
49,677,983 |
49,677,983 |
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Treasury shares in portfolio |
2,474,617 |
2,474,617 |
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Total shares |
52,152,600 |
52,152,600 |
For an explanation of Wacker Chemie AG’s shareholder structure. See Note 24
The capital reserve includes the amounts generated with share issues over and above their nominal values in previous years, as well as other contributions to equity made by shareholders.
Retained earnings include amounts formed in previous fiscal years at Wacker Chemie AG, transfers from the Group’s earnings for the year, the earnings of the consolidated companies less amounts due to minority shareholders, changes to consolidated items affecting income, and changes in the scope of consolidation.
The remaining equity shows both the differences arising from the translation of foreign subsidiaries’ financial statements having other reporting currencies than the Euro and the effects of the valuation of financial instruments also with no effect on income.
Net income attributable to minority shareholders is made up of the following profits and losses:
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€ million |
2008 |
2007 |
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Profits |
4.3 |
2.2 |
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Losses |
–5.4 |
–2.0 |
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Net income attributable to minority shareholders |
–1.1 |
0.2 |
As part of its capital management, Wacker Chemie AG complies with the legal stipulations on capital maintenance. The company is not subject to any capital requirements set down by its Articles of Incorporation. No special capital terminology is used.