1995 ANNUAL REPORT
SGS-THOMSON Microelectronics N.V.
Consolidated Statements of Shareholders' Equity
| (Currency--thousands of U.S. dollars) | Capital stock* | Capital surplus | Accumulated earnings (deficits) | Translation adjustment | Shareholders' equity | |||||||||
| Balance as of January 1, 1993 | 675,350 | 216,120 | (565,865) | (12,705) | 512,890 | |||||||||
| Capital stock adjustment | (267,889) | 267,889 | - | - | 0 | |||||||||
| Capital increase in cash | 500,000 | - | - | - | 500,000 | |||||||||
| Net earnings for the year | - | - | 160,087 | - | 160,087 | |||||||||
| Translation adjustment | - | - | - | (68,966) | (68,966) | |||||||||
| Balance as of December 31, 1993 | 906,551 | 585,009 | (305,778) | (81,671) | 1,005,011 | |||||||||
| Capital increase in cash | 75,059 | 123,772 | - | - | 198,821 | |||||||||
| Stock option compensation | - | 18,125 | - | - | 18,125 | |||||||||
| Net earnings for the year | - | - | 362,595 | - | -362,595 | |||||||||
| Translation adjustment | - | - | - | 96,588 | 96,588 | |||||||||
| Balance as of December 31, 1995 | 981,500 | 625,906 | 57,716 | 15,917 | 1,680,039 | |||||||||
| Capital increase in cash | 85,028 | 295,555 | - | - | 379,583 | |||||||||
| Deferred compensation | - | 1,705 | (155) | - | 1,559 | |||||||||
| Net earnings for the year | - | - | 526,578 | - | 526,578 | |||||||||
| Translation adjustment | - | - | - | 75,166 | 75,166 | |||||||||
| Balance as of December 31, 1995 | 1,066,528 | 922,065 | 585,039 | 89,083 | 2,661,715 | |||||||||
*138,208,680 shares of NLG 13.75 par value
each at December 31, 1995; 128,603,880 shares of NLG 13.75 par value each at
December 31, 1995; 2,975,951 shares of NLG 550 par value each at December 31,
1993.
The accompanying notes are an integral part of these financial
statements.
