Mercedes 2001 Annual Report Download - page 120

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116 Other Notes
2000
Year ended December 31,
Income (loss) before extra-
ordinary items and cumulative
effects of changes in account-
ing principles – basic
Interest expense on
convertible bonds and notes
(net of tax)
Income (loss) before extra-
ordinary items and cumulative
effects of changes in account-
ing principles – diluted
Weighted average number of
shares outstanding – basic
Dilutive effect of convertible
bonds and notes
Weighted average number of
shares outstanding – diluted
Earnings (loss) per share
before extraordinary items
and cumulative effects of
changes in accounting
principles
Basic
Diluted
2001
(662) 2,465 5,106
–18 18
(662) 2,483 5,124
1,003.2 1,003.2 1,002.9
–10.7 10.7
1,003.2 1,013.9 1,013.6
(0.66) 2.46 5.09
(0.66) 2.45 5.06
1999
Germany accounts for €20,584 million of long-
term assets (2000: €17,450 million; 1999: €14,711 mil-
lion), the United States for €58,850 million (2000:
€51,996 million; 1999: €43,036 million) and other
countries for €12,971 million (2000: €19,633 million;
1999: €12,701 million).
33. Earnings (Loss) per Share
The computation of basic and diluted earnings (loss)
per share for “Income (loss) before extraordinary items
and cumulative effects of changes in accounting
principles” is as follows:
Because the Group reported a loss before extraor-
dinary items and cumulative effects of changes in
accounting principles for the year ended December 31,
2001 the diluted loss per share does not include the
antidilutive effects of convertible bonds and notes. Had
the company reported income before extraordinary
items and cumulative effects of changes in accounting
principles for the year ended December 31, 2001, the
weighted average number of shares outstanding would
have potentially been diluted by 10.7 million shares
resulting from the conversion of bonds and notes.
Stock options issued in 2001 and 2000 were not
included in the computation of diluted earnings per
share for the years ended December 31, 2001 and
2000, because the options’ underlying exercise prices
were greater than the average market prices for
DaimlerChrysler Ordinary Shares on December 31,
2001 and 2000, respectively.
Income tax charges of €263 million and €812 mil-
lion relating to changes in German tax laws were in-
cluded in the consolidated statement of income (loss)
for the years ended December 31, 2000 and 1999,
respectively, and resulted in a reduction of basic and
diluted earnings per share of €0.26 and €0.26 in 2000
and €0.81 and €0.80 in 1999, respectively (see Note 9).
34. Subsequent Events
In January 2002, DaimlerChrysler exercised its option
to sell to Deutsche Telekom the Group’s 49.9% interest
in T-Systems ITS for proceeds of €4.7 billion. The sale
is expected to close in March 2002 with the termina-
tion of the joint venture.
Following a decision of DaimlerChrysler’s
Board of Management in 2001, DaimlerChrysler and
GE Capital reached an agreement in January 2002
for GE Capital to purchase a portion of the
DaimlerChrysler’s Capital Services portfolio in the
United States. DaimlerChrysler will receive approxi-
mately €1.3 billion for the sale. The transaction is
expected to be completed in the first quarter of 2002.
(in millions of € or millions of shares
except earnings (loss) per share)