As of June 30, 2011, HOCHTIEF Aktiengesellschaft held a total of 3,435,075 shares of treasury stock. These shares were purchased over the course of fiscal 2008 for the purposes provided for in the resolution of the General Shareholders’ Meeting of May 8, 2008. These shares represent EUR 8,793,792 (4.46 percent) of the Company’s capital stock.
A resolution was adopted at the General Shareholders’ Meeting of HOCHTIEF Aktiengesellschaft on May 12, 2011 to pay a dividend of EUR 2.00 per eligible no-par-value share.
The contingent liabilities relate to liabilities under guarantees and comfort letters; they have decreased since December 31, 2010 by EUR 33,817,000 to EUR 24,581,000.
Segment reporting in the HOCHTIEF Group is based on the Group’s divisional operations. Following the change in the Group’s structure as of January 1, 2011, the HOCHTIEF Europe division includes the activities of the former HOCHTIEF Europe, HOCHTIEF Real Estate, and HOCHTIEF Services divisions. The prior-year figures represent the aggregate of these former divisions, with the sole exception that allowing for that portion of external sales of the three former divisions which—due to the restructuring—now constitutes internal sales of the HOCHTIEF Europe division results in a EUR 11,307,000 lower comparative figure for divisional sales in the first half of the prior year and a EUR 47,049,000 lower comparative figure for divisional sales in the prior year as a whole. The breakdown by divisions and regions mirrors the Group’s internal reporting systems. Detailed information on the various segments making up the HOCHTIEF Group is provided herein in the Interim Management Report.
Related party disclosures
The number of companies and individuals comprising related parties of HOCHTIEF Aktiengesellschaft and HOCHTIEF Group companies has increased due to the mandatory application of IAS 24 (revised 2009) as of January 1, 2011 with the revised definition of “related party.”*
No material transactions were entered into during the period under review between HOCHTIEF Aktiengesellschaft or any HOCHTIEF Group company and any related party or parties having material influence over the results of operations or financial condition of the Company or the Group.
*For further information, please see page 159 of the 2010 Annual Report.
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