ADT 2010 Annual Report Download - page 276

TYCO INTERNATIONAL LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 24, 2010
(Continued)
8. SHAREHOLDERS’ EQUITY (Continued)
As of September 24, 2010 and September 25, 2009, 15,409,000 common shares and nil common
shares, respectively, were owned directly by the Company and held in treasury. In addition, as of
September 24, 2010 and September 25, 2009, 10,688,158 common shares and 5,182,984 common shares,
respectively, were owned by a subsidiary and held in treasury.
Held by Subsidiary Held by Tyco International Ltd. Total Treasury Shares
Number of Carrying Number of Carrying Number of Carrying
shares value (CHF) shares value (CHF) shares value (CHF)
Balance as of March 12, 2009 5,979,935 288,080,519 — — 5,979,935 288,080,519
Purchases .............. 12,827 260,834 — — 12,827 260,834
Issuance of shares for stock
based equity awards ..... (821,176) (37,069,550) — — (821,176) (37,069,550)
Cancellations ........... 11,398 514,722 — — 11,398 514,722
Balance as of September 25,
2009 ................ 5,182,984 251,786,525 — — 5,182,984 251,786,525
Purchases .............. 8,920,623 345,034,433 15,409,000 621,812,369 24,329,623 966,846,802
Issuance of shares for stock
based equity awards ..... (3,378,211) (143,231,528) — — (3,378,211) (143,231,528)
Issued for BHS acquisition . . (37,238) (1,617,412) — — (37,238) (1,617,412)
Balance as of September 24,
2010 ................ 10,688,158 451,972,018 15,409,000 621,812,369 26,097,158 1,073,784,387
9. EXPENSES
Total personnel expenses amounted to CHF 910,478 for the year ended September 24, 2010, and
CHF 180,620 for the period from March 12, 2009, to September 25, 2009. Total amortization expense
related to tangible property amounted to nil for the year ended September 24, 2010 and CHF 79,328
for the period from March 12, 2009, to September 25, 2009.
10. RISK ASSESSMENT AND MANAGEMENT
Enterprise Risk Management is performed by corporate management on a regular basis.
Organizational and process measures have been designed to identify and mitigate risks at an early
stage. The Board of Director’s Nominating and Governance Committee oversees the Company’s risk
management process, and, as part of the process, members of the Board of Directors perform site visits
of Company operations.
The Lead Director of the Board of Directors and corporate management determine the
appropriate operation site and timing of the enterprise risk assessment. Organizationally, the
responsibility for risk assessment and management for business operations is allocated to the business
segments, with specialized corporate functions such as financial reporting and accounting, treasury, and
environmental, health and safety providing support to the business segments.
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