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FINANCIAL STATEMENTS AND EXPLANATORY NOTES
312
| 2012 annual report prysmian group
These amount to Euro 681 thousand at 31 December 2012,
compared with Euro 1,190 thousand at 31 December 2011.
They relate to the cash held on bank current accounts
denominated in Euro and repayable on demand.
The credit risk associated with cash and cash equivalents is
limited insofar as the counterparties are major national and
international banks.
The value of cash and cash equivalents is considered to be in
line with their fair value at the reporting date.
Equity amounts to Euro 871,588 thousand at 31 December
2012, reporting an increase of Euro 85,149 thousand since 31
December 2011. The changes over this period are discussed in
the paragraphs relating to the individual components of equity.
Share capital
Share capital amounts to Euro 21,451 thousand at 31 December
2012, consisting of 214,508,781 ordinary shares (including
3,028,500 treasury shares), with a nominal value of Euro
0.10 each. The total number of outstanding voting shares is
211,469,612, stated net of 10,669 treasury shares held indirectly.
The following table reconciles the number of outstanding
shares at 31 December 2010, at 31 December 2011 and 31
December 2012:
6. CASH AND CASH EQUIVALENTS
7.
SHARE CAPITAL AND RESERVES
Ordinary shares
Treasury shares
Total
Balance at 31 December 2010
182,029,302
(3,028,500)
179,000,802
Capital increase
(1)
32,364,179
-
32,364,179
Treasury shares
-
-
-
Balance at 31 December 2011
214,393,481
(3,028,500)
211,364,981
Capital increase
(2)
115,300
-
115,300
Treasury shares
-
-
-
Balance at 31 December 2012
214,508,781
(3,028,500)
211,480,281
(1)
Capital increases relating to the Draka Group acquisition (31,824,570 shares) and to the exercise of part of the options under the Stock Option Plan 2007-
2012 (539,609 shares).
(2)
Capital increases relating to the exercise of part of the options under the Stock Option Plan 2007-2012.
