Mercedes 2006 Annual Report Download - page 192

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20. Liquid Assets
Liquid assets recorded under various balance sheet captions
are as follows:
21. Prepaid Expenses
Prepaid expenses are comprised of the following:
As of December 31, 2006, €2,063 million of the total prepaid
expenses mature after more than one year (2005: €809 million).
22. Stockholders’ Equity
Number of shares issued and outstanding as well as
treasury stock. DaimlerChrysler had issued and outstanding
1,028,163,751 registered ordinary shares of no par value at
December 31, 2006 (2005: 1,018,172,696). This increase relates
to the issuance of new ordinary shares upon exercises in
connection with the Stock Option Plan 2000 (tranches 2003
and 2004). Each share represents a nominal value of €2.60
of capital stock.
In 2006, DaimlerChrysler purchased approximately 0.7 million
(2005: 0.7 million; 2004: 0.8 million) ordinary shares in
connection with an employee share purchase plan, of which 0.7
million (2005: 0.7 million; 2004: 0.8 million) were re-issued
to employees.
Authorized and conditional capital. On April 12, 2006, the
Annual Meeting authorized DaimlerChrysler to acquire treasury
stock through October 12, 2007 for certain defined purposes
up to a maximum nominal amount of €264 million of capital stock,
representing approximately 10% of the issued and outstanding
capital stock.
On April 9, 2003, the Annual Meeting authorized the Board of
Management through April 8, 2008, upon approval of the Super-
visory Board, to increase capital stock by issuing new, no par
value registered shares in exchange for cash contributions total-
ing €500 million as well as by issuing new, no par value regis-
tered shares in exchange for non-cash contributions totaling €500
million and to increase capital stock by issuing ordinary shares
to employees totaling €26 million.
Furthermore, the Board of Management, with the consent of the
Supervisory Board, was authorized to issue convertible bonds
and/or notes with warrants with a total face value up to €15 billion
and with a maturity of no more than twenty years until April 5,
2010, and to grant conversion or option rights for new shares in
DaimlerChrysler with an allocable portion of the capital stock
of up to €300 million as more closely defined in the fixed terms
and conditions.
At December 31,
2005
2006
7,083
53
7,136
5,985
13,121
7,619
92
7,711
4,936
12,647
Cash and cash equivalents
originally maturing within 3 months
originally maturing after 3 months
Total cash and cash equivalents
Securities
(in millions of €)
At December 31,
2005
2006
1,789
778
2,567
595
796
1,391
Prepaid pension asset
Other prepaid expenses
(in millions of €)