Page 39 - Annual Report 2019

Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes

(11) Subscribed capital
The subscribed capital of HOFTEX GROUP AG amounts to EUR 13,919,988.69 and is divided into
5,444,800 no-par value bearer shares, with each share carrying one vote. One share represents
a notional par value of EUR 2.56 (rounded) in the share capital.

(12) Authorised capital
With a resolution dated 12 July 2019, the Management Board is authorised, with the consent
of the Supervisory Board, to increase the share capital by up to EUR 5,000 thousand on one or more
occasions on or before 11 July 2024, whereby the shareholders’ subscription rights may be excluded.
To date, the Management Board has not exercised its authority to increase the share capital.

(13) Capital reserves
HOFTEX GROUP AG reported capital reserves amounting to EUR 41,158 thousand. Pursuant to
Section 272(2) no. 1 HGB, this figure includes a premium of EUR 2,199 thousand from the capital
increase implemented in 2008 as well as capital contributions from former shareholders.

(14) Revenue reserves

2019 2018
Revenue reserves on 1 January 51,454 46,754
Allocations pursuant to Section 58(3) AktG 1,500 2,000
Allocations pursuant to Section 58(2) AktG 1,300 2,700
Revenue reserves on 31 December 54,254 51,454

(15) Appropriation of net profit

2019 2018
Consolidated net gains/losses on 1 January 1,586 -538
Allocation to other revenue reserves by the Annual General Meeting
-1,500 -2,000
pursuant to Section 58(3) AktG
Dividend payment -1,361 -1,198
Accumulated consolidated losses brought forward -1,275 -3,736
Consolidated net income for the year 2,708 8,022
Allocation to other revenue reserves by the Management Board and
-1,300 -2,700
the Supervisory Board pursuant to Section 58(2) AktG
Consolidated net gains on 31 December 133 1,586

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