ADT 2011 Annual Report Download - page 297

TYCO INTERNATIONAL LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2011
(Continued)
9. SHAREHOLDERS’ EQUITY (Continued)
As of September 30, 2011 and September 24, 2010, nil common shares and 15,409,000 common shares,
respectively, were owned directly by the Company and held in treasury. In addition, as of September 30,
2011 and September 24, 2010, 21,790,502 common shares and 10,688,158 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 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
Purchases ............. 17,321,562 740,572,538 12,679,101 492,044,653 30,000,663 1,232,617,191
Issuance of shares for stock
based equity awards .... (6,219,218) (231,266,157) — — (6,219,218) (231,266,157)
Cancellations .......... — — (28,088,101) (1,113,857,022) (28,088,101) (1,113,857,022)
Balance as of September 30,
2011 .............. 21,790,502 961,278,399 — — 21,790,502 961,278,399
10. EXPENSES
Total personnel expenses amounted to CHF 1,042,802 for the year ended September 30, 2011 and
CHF 910,478 for the year ended September 24, 2010.
11. 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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