LISI 2012 FINANCIAL REPORT
67
3
Consolidated financial statements
during a period of two years with effect from the date of
divestiture, subject to a deductible of €500k, to exceeding a
minimum threshold of €35k and to an upper limit of €6m€.
2.7.4.4 OTHER COMMITMENTS
No other commitment has been given or received.
2.8 EXCHANGE RATES OF CURRENCIES USED BY FOREIGN SUBSIDIARIES
2012
2011
Year end rate
Average rate
Year end rate
Average rate
US dollar
USD
1.3194
1.2932
1.2939
1.4000
Sterling
GBP
0.8161
0.8119
0.8353
0.8713
Yuan
CNY
8.2207
8.1451
8.1588
9.0301
Canadian dollar
CAD
1.3137
1.2906
1.3215
1.3805
Zloty
PLN
4.0740
4.1677
4.4580
4.1380
Czech crown
CZK
25.1510
25.1395
25.7870
24.5996
Moroccan Dirham
MAD
11.1604
11.1154
11.1351
11.2780
Indian rupee
INR
72.5600
69.0200
68.7130
65.5584
Hong Kong Dollar
HKD
10.2260
10.0296
10.0510
10.8960
2.9 POST-YEAR END EVENTS: INFORMATION
ON TRENDS
After the deconsolidation of KUT (Herscheid – Germany) sold
in May 2012, the reorganization of the LISI AUTOMOTIVE
Division should continue in 2013 with the combination of sites
in the "nuts" business. An initial briefing and consultation of
the Central Works Council of LISI AUTOMOTIVE Former was
held February 13, 2013. Management presented there the plan
to gradually consolidate the production of nuts on a limited
number of sites, which would eventually imply the shutdown
of the Thiant (Nord) site (59).
2.10 EARLY APPLICATION OF REVISED IAS 19
This note summarizes the main impacts of the first application of the revised IAS 19 standard on equity and financial statements
for the fiscal year 2011.
RESTATEMENT OF SHAREHOLDERS' EQUITY AS AT JANUARY 1, 2011
(in €'000)
Capital
stock
Capital-
linked
premiums
(Note 7.3)
Treasury
shares
Consolidated
reserves
Conversion
reserves
Other income
and expenses
recorded
directly as
shareholders'
equity
Profit for the
period, group
share
Group's
share of
shareholders'
equity
Minority
interests
Total
shareholders'
equity
Shareholders' equity ater January 2011
21,573 70,803 (15,202)
379,825 (2,392)
1,933
32,923 489,463
858 490,320
Adjustment of the actuarial liability
(3,120)
(3,120)
(3,120)
Related deferred taxes
1,125
1,125
1,125
Shareholders' equity at January 1, 2011,
restated of which total revenues and
expenses posted for the period
21,573 70,803 (15,202)
379,825 (2,392)
(62)
32,923 487,468
858 488,325
