ADT 2010 Annual Report Download - page 273

TYCO INTERNATIONAL LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 24, 2010
(Continued)
6. ACQUISITIONS (Continued)
Broadview Security’s core business is to provide security alarm monitoring services for residential and
commercial properties in North America. Broadview Security has a large residential recurring customer
base, which expands the Company’s presence in the North American residential security business.
Broadview Security is also a leader in technologies and services, which are expected to enhance ADT
Worldwide’s service offerings to its customers. The Company expects to realize cost savings and other
synergies through operational efficiencies including consolidation of both marketing and general and
administrative functions.
7. SIGNIFICANT INVESTMENTS WITH DIRECT OWNERSHIP BY TYCO INTERNATIONAL LTD.
The following schedule summarizes the Company’s significant directly owned investments as of
September 24, 2010 and September 25, 2009:
Ownership %
Share
Company Country Currency Capital Purpose 2010 2009
Tyco Kappa Limited ......... Bermuda USD 12,000 holding company 100 100
Tyco Capital Holdings Ltd. .... Bermuda USD 12,000 holding company 79 79
Obsidian HCM Med Holdings
Ireland ................. Ireland EURO 125,000,000 holding company 55 55
Tyco International Finance S.A. . Luxembourg USD 445,000 holding company 100(1) 100(1)
(1) Tyco International Finance S.A. holds 105,515 treasury shares, these are indirectly held by Tyco.
In addition, the Company directly holds $2.5 billion preferred shares of Tyco Omega Limited,
Bermuda. Tyco Omega Limited is a holding company which has $4.5 billion preferred shares outstanding
and $5.28 billion common shares outstanding which are ultimately directly or indirectly owned by Tyco
International Ltd.
During the year ended September 24, 2010, the Company had net changes in non-significant direct
investments of CHF 2,441,812.
8. SHAREHOLDERS’ EQUITY
As discussed in Note 1, effective March 17, 2009, the Company changed its jurisdiction of
incorporation from Bermuda to the Canton of Schaffhausen, Switzerland. In connection with the change of
domicile, the par value of the Company’s common shares increased from $0.80 per share to CHF 8.53 per
share through an approximate 1-for-9 reverse share split, followed by the issuance of approximately eight
fully paid up shares so that the same number of shares were outstanding before and after the change of
domicile, which reduced share premium and increased common shares.
As of September 24, 2010 the Company’s share capital amounted to CHF 3,683,470,241 or 514,451,151
registered common shares with a par value of CHF 7.16 per share. As of September 25, 2009 the
Company’s share capital amounted to CHF 3,867,911,465 or 479,295,101 registered common shares with a
par value of CHF 8.07 per share. Until March 12, 2011, the Board of Directors may increase the
Company’s share capital by a maximum amount of CHF 1,464,159,140 by issuing a maximum of
204,491,500 shares. In addition, until March 12, 2011, (i) the share capital of the Company may be
increased by an amount not exceeding CHF 343,175,292 through the issue of a maximum of 47,929,510
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