Chrysler 2004 Annual Report Download - page 113

111
Consolidated Financial Statements at December 31, 2004 – Notes to the Consolidated Financial Statements
9 Stockholders’ equity
Statement of changes in Stockholders’ equity of the Group
Retained
Treasury earnings,
Additional stock Cumulative Other reserves,
paid-in Legal valuation translation Net loss
(in millions of euros) Capital stock capital reserve reserve adjustments for the year Total
Balance at December 31, 2001 2,753 1,636 659 282 28 6,812 12,170
Capital stock increase as resolved on December 10, 2001 329 691 ––––1,020
Dividends paid (0.310 euros per ordinary and preference
share and 0.465 euros per savings share) –––––(198) (198)
Foreign exchange translation adjustments ––––(1,407) – (1,407)
Change in treasury stock in portfolio – – – (29) – 29 –
Other minor changes –––––44
Net loss –––––(3,948) (3,948)
Balance at December 31, 2002 3,082 2,327 659 253 (1,379) 2,699 7,641
Capital stock increase as resolved on June 26, 2003 1,836 –––––1,836
Fiat S.p.A. fiscal 2002 loss covered by Additional paid-in capital – (2,053) – – – 2,053 –
Allocation of the value of unopted rights sold on
the market to Additional paid-in capital – 5 ––––5
Foreign exchange translation adjustments ––––(802) – (802)
Change in treasury stock in portfolio – – – (221) – 221 –
Other minor changes –––––1313
Net loss –––––(1,900) (1,900)
Balance at December 31, 2003 4,918 279 659 32 (2,181) 3,086 6,793
Fiat S.p.A. fiscal 2003 loss covered by Additional
paid-in capital and Legal reserve – (279) (212) – – 491 –
Foreign exchange translation adjustment ––––(106) – (106)
Change in treasury stock in portfolio – – – (6) – 6 –
Other minor changes –––––(2)(2)
Net loss –––––(1,586) (1,586)
Balance at December 31, 2004 4,918 – 447 26 (2,287) 1,995 5,099
Capital stock
Capital stock, fully paid-in, amounts to 4,918 million euros at December 31, 2004 and consists of 983,622,708 shares as follows:
■800,417,598 ordinary shares;
■103,292,310 preference shares;
■79,912,800 savings shares;
all with a par value of 5 euros each.
With reference to Capital stock, it should be mentioned that:
■Pursuant to resolutions by the Board of Directors on December 10, 2001 and June 26, 2003, the capital may be further increased
through rights offerings for a maximum of 82 million euros, and thus reach a total of 5 billion euros, with the issuance of a
maximum of 16,377,292 ordinary shares at a par value of 5 euros each on February 1, 2007, following exercise of the residual
“FIAT ordinary share warrants 2007” issued as part of the capital increase of February 2002 and still outstanding. It should be
recalled that Fiat reserved the right to pay the warrant holders in cash, starting on January 2, 2007, in lieu of the shares to be
issued (shares in exchange for warrants), for the difference between the arithmetic average of the official market price of Fiat
ordinary shares in December 2006 and the warrant exercise price, unless this difference exceeds the maximum amount set and
previously communicated by Fiat, in which case the holder of the warrants may opt to subscribe to the shares in exchange for
the warrants.
■Pursuant to the resolution by the Extraordinary Stockholders’ Meeting on September 12, 2002, the Board of Directors has the
right to increase the capital one or more times by September 11, 2007, up to a maximum of 8 billion euros, of which 3 billion