2013 Registration document and annual financial report - page 242

Registration Document 2013
240
Financial Statemements
5
Consolidated Financial Statements And Notes
Note 24.4. Analysis of other receivables/payables’ periods
at December 31,2013
(in millions of euros)
Due
within 1 year
Due
in 1 to 5 years
Due
beyond 5 years
Dec. 2013
Dec. 2012
Inventories
42
-
-
42
47
Trade receivables
389
1
-
390
402
Recoverable VAT
129
12
1
142
151
Prepaid payroll taxes
7
-
-
7
2
Other prepaid and recoverable taxes
58
-
-
58
38
Other receivables
209
0
-
209
265
CURRENT ASSETS
834
13
1
848
905
Trade payables
611
-
-
611
580
VAT payable
82
-
-
82
78
Wages and salaries and payroll taxes payable
342
-
-
342
351
Other taxes payable
78
-
-
78
192
Other payables
388
5
1
394
445
CURRENT LIABILITIES
1,501
5
1
1,507
1,646
NOTE
25 POTENTIAL ORDINARY SHARES
Following the demerger on July 2, 2010, the exercise price of
outstanding stock options and performance shares was adjusted
along with the number of shares to be received by grantees (see
note 3.4.1 in the update to the 2009 Registration Document filed
with the Autorité des Marchés Financiers on May 18, 2010 under
number D.10-0201-A01). The figures presented in this note for
plans dating back prior to July 2010 are therefore adjusted figures.
Note 25.1. Number of potential shares
At December 31, 2013, the Company’s share capital was made up
of 228,053,102 ordinary shares. The average number of ordinary
shares outstanding during the period was 227,613,320.
The number
of outstanding shares at December 31, 2013 was 228,053,102.
In addition, employee stock options exercisable for 8,300,398 ordinary
shares, representing 3.64% of the capital, were outstanding at
December 31, 2013 (see note 25.3).
Lastly, 567,477 performance shares have been granted but have
not yet vested.
Conversion of all of the potential shares presented above would
have the effect of increasing the number of shares outstanding
to 236,920,977.
Note 25.2. Diluted earnings per share
Based on the above number of potential shares and the average Accor share price for 2013 of €29.10, the diluted weighted average
number of shares outstanding at December 31, 2013, was 228,578,920. Diluted earnings per share were therefore calculated as follows:
(in millions of euros)
Dec. 2012
Dec. 2013
NET PROFIT, GROUP SHARE
(continuing operations and discontinued operations)
(599)
126
Weighted average number of ordinary shares
(in thousands)
227,266
227,613
Number of shares resulting from the exercise of stock options
(in thousands)
-
549
Number of shares resulting from performance shares grants
(in thousands)
-
417
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES
(in thousands)
227,266 228,579
DILUTED EARNINGS PER SHARE
(in euros)
(2.64)
0.55
The instruments that may have a dilutive impact on basic earnings per share in the future but that have not been included in the calculation
of diluted earnings per share because they did not have a dilutive effect on 2013 are all of the stock options outstanding under the plans
14, 15, 16, 17, 22, 23, 24, 25, 26 and 27 in force at December 31, 2013 (see note 25.3).
1...,232,233,234,235,236,237,238,239,240,241 243,244,245,246,247,248,249,250,251,252,...344
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