LensCrafters 2004 Annual Report Download - page 98

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INDEPENDENT AUDITORS’ REPORT
97
STATEMENTS OF CONSOLIDATED SHAREHOLDERS’ EQUITY
Balances, January 1, 2002
Exercise of stock options
Translation adjustment
Minimum pension liability,
less taxes of Euro 15.8 million
Tax benefit on stock options
Sale of treasury shares, net
of taxes of Euro 5.5 million
Purchase of treasury shares
Change in fair value of derivative
instruments, net of taxes of Euro 3.6 million
Dividends declared (Euro 0.17 per share)
Net income
Comprehensive income
Balances, December 31, 2002
Exercise of stock options
Translation adjustment
Minimum pension liability,
net of taxes of Euro 0.7 million
Tax benefit on stock options
Purchase of treasury shares
Change in fair value of derivative
instruments, net of taxes of Euro 0.4 million
Dividends declared (Euro 0.21 per share)
Net income
Comprehensive income
Balances, December 31, 2003
Exercise of stock options
Translation adjustment
Minimum pension liability, net
of taxes of Euro 0.2 million
Tax benefit on stock options
Change in fair value of derivative
instruments, net of taxes of Euro 0.2 million
Dividends declared (Euro 0.21 per share)
Net income
Comprehensive income
Balances, December 31, 2004
Comprehensive income (US$/000) (1)
Balances, December 31, 2004
(US$ thousands)
In accordance with U.S. GAAP
In thousands of Euro, unless
otherwise indicated
27,172
84
27,256
13
27,269
43
27,312
36,975
Amount
Common stock
452,865,817
1,397,783
454,263,600
213,433
454,477,033
728,440
455,205,473
455,205,473
Shares
18,381
9,483
3,894
6,935
38,693
1,476
254
40,423
5,950
794
47,167
63,855
Additional
paid-in
capital
1,152,508
(77,211)
372,077
1,447,374
(95,405)
267,343
1,619,312
(94,113)
286,874
1,812,073
2,453,184
Retained
earnings
147,116
(202,357)
(26,569)
10,929
(70,881)
(169,307)
(1,228)
(1,067)
(242,483)
(79,897)
248
1,174
(320,958)
(434,513)
Accumulated
other compre-
hensive income
(loss) net of tax
(202,357)
(26,569)
10,929
372,077
154,080
(169,307)
(1,228)
(1,067)
267,343
95,741
(79,897)
248
1,174
286,874
208,399
282,131
(2,334)
2,334
(24,547)
(24,547)
(45,440)
(69,987)
(69,987)
(94,748)
Treasury
shares amount,
at cost
(1,342,843)
9,567
(202,357)
(26,569)
3,894
9,269
(24,547)
10,929
(77,211)
372,077
1,417,895
1,489
(169,307)
(1,228)
254
(45,440)
(1,067)
(95,405)
267,343
1,374,534
5,993
(79,897)
248
794
1,174
(94,113)
286,874
1,495,607
2,024,753
Consolidated
shareholders’
equity
Other
comprehensive
income (loss)
net of tax