Additional Paid-in Capital, Retained Earnings and Revaluation Reserve


Additional Paid-in Capital.

Additional paid-in capital contains part of the additional funds received from the issue of shares and the personnel expenses arising from the share-based payment program 2008 and 2009 (2007/2008: share-based payment program 2007 and 2008).

Retained Earnings.

Other retained earnings contain the cumulative profits made by the subsidiary companies included in the Group financial statements, the consolidated profit, other consolidation reserves, reserves resulting from expired share-based payment programs and currency translation adjustments.

Revaluation Reserve.

The revaluation reserve includes the market valuation of the cash flow (Glossary hedges, less deferred taxes (Glossary.

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