Mercedes 2001 Annual Report Download - page 100

96 Notes to Consolidated Balance Sheets
Proceeds from disposals of available-for-sale secu-
rities were €2,432 million (2000: €9,422 million; 1999:
€2,481 million). Gross realized gains from sales of
available-for-sale securities were €419 million (2000:
€275 million; 1999: €627 million), while gross realized
losses were €144 million (2000: €140 million; 1999: €4
million). DaimlerChrysler uses the specific identifica-
tion method as a basis for determining cost and calcu-
lating realized gains and losses.
Other securities classified as cash equivalents
were approximately €7.3 billion and €4.3 billion at De-
cember 31, 2001 and 2000, respectively, and consisted
primarily of purchase agreements, commercial paper
and certificates of deposit.
19. Liquid Assets
Liquid assets recorded under various balance sheet
captions are as follows:
As of December 31, 2001, €7,632 million of the
total prepaid expenses mature after more than one
year (2000: €6,819 million).
21. Stockholders’ Equity
Number of Shares Issued and Outstanding
DaimlerChrysler had issued and outstanding
1,003,271,998 registered Ordinary Shares of no par
value at December 31, 2001 (2000: 1,003,271,911).
Each share represents a nominal value of €2.60
of capital stock.
Treasury Stock
In 2001, DaimlerChrysler purchased approximately 1.4
million (2000: 1.4 million; 1999: 1.2 million) Ordinary
Shares in connection with an employee share purchase
plan, of which 1.2 million (2000: 1.4 million; 1999: 1.2
million) were re-issued to employees and the remaining
0.2 million in 2001 were resold in the market.
Authorized and Conditional Capital
Through April 30, 2003, the Board of Management is
authorized, upon approval of the Supervisory Board, to
increase capital stock by a total of up to an aggregate
nominal amount of €256 million and to issue Ordinary
Shares of up to an aggregate nominal amount of
€26 million to employees.
In April 2000, the Group’s shareholders agreed to
increase the nominal amount of capital stock per share
from approximately €2.56 (originating from the conver-
sion of Deutsche Marks into euros) to €2.60. This re-
sulted in an increase of capital stock and an equivalent
decrease of additional paid-in capital of €44 million.
The conditional and authorized capital as described in
the Articles of Association were adjusted accordingly.
DaimlerChrysler is authorized to issue convertible
bonds and notes with warrants in a nominal volume of
up to €15 billion with a term of up to 20 years by April
18, 2005. The convertible bonds and notes with
warrants shall grant to the holders or creditors option
or conversion rights for new shares in DaimlerChrysler
in a nominal amount not to exceed €300 million of
capital stock. DaimlerChrysler is also entitled to grant
up to 96,000,000 rights (representing up to a nominal
amount of approximately €250 million of capital stock)
with respect to the DaimlerChrysler Stock Option Plan
by April 18, 2005.
DaimlerChrysler is authorized through October
11, 2002, to acquire treasury stock for certain defined
purposes up to a maximum nominal amount of €260
million of capital stock, representing approximately
10% of issued and outstanding capital stock.
1999
At December 31,
2001 2000
11,397 7,082 8,761
31 45 338
11,428 7,127 9,099
3,077 5,378 8,969
20 5133
14,525 12,510 18,201
Cash and cash equivalents*)
originally maturing within
3 months
originally maturing after
3 months
Total cash and cash equivalents
Securities
Other
The following represents supplemental informa-
tion with respect to cash flows:
*) Cash and cash equivalents are mainly comprised of cash
at banks, cash on hand and checks in transit
1999
Year ended December 31,
Interest paid
Income taxes paid (refunded)
2001 2000
4,616 5,629 3,315
(624) 775 1,883
20. Prepaid Expenses
Prepaid expenses are comprised of the following:
2000
At December 31,
Prepaid pension cost
Other prepaid expenses
7,584 6,799
1,022 1,108
8,606 7,907
2001
(in millions of €)
(in millions of €)
(in millions of €)