Notes to the Consolidated Financial Statement

 

19. Notes on share capital

 

 

Number of shares

Share capital (€ 000)

1 Jan 2009

20,853,645

2,085

Increase in share capital

-

-

Exercise of stock options

-

-

31 Dec 2009

20,853,645

2,085

     

 

 

Number of shares

Share capital (€ 000)

1 Jan 2010

20,853,645

2,085

Increase of share capital

11,000

1

Exercise of stock options

-

-

31 Dec 2010

20,864,645

2,086

     

 

The maximum number of shares is 48 million (48 million in 2009). The nominal value of each share is EUR 0.1 and the Group's maximum share capital is EUR 4.8 million (EUR 4.8 million in 2009). All outstanding shares are paid in full. At the end of the fiscal year, the company held 220,703 own shares, or 1.1 per cent of all shares.

The premium fund comprises the amount paid for shares in excess of the nominal value. The ‘Other reserves' amount arises from fair valuation of acquired business operations in the consolidated financial statements. The translation differences reserve comprises translation differences arising from the translation of financial statements of non-Finnish units. The unrestricted invested shareholders' equity reserve comprises investments similar to shareholders' equity and the subscription price of shares when a specific decision is made not to enter it in shareholders' equity.