This excerpt taken from the SYT 20-F filed Mar 16, 2005.
Comparative figures have been adjusted to apply retroactively the changes in accounting policy described in Note 2 below.
Total recognized gains and losses, representing the total of net income and gains and losses recognized directly in shareholders equity, for the years ended December 31, 2004, 2003 and 2002, were US$809 million, US$749 million and US$297 million, respectively. Gains or losses recognized directly in equity attributable to minority interests are disclosed below.
The amount available for dividend distribution is based on Syngenta AGs shareholders equity determined in accordance with the legal provisions of the Swiss Code of Obligations. US$105 million of the additional paid in capital is not available for distribution.
On July 16, 2004, a dividend of Swiss francs (CHF) 1.70 per share was paid as a par value reduction of share capital in respect of 2003 (2002: dividend of CHF 0.85 per share paid in April 2003; 2001: CHF 0.80 per share paid in May 2002).
The Board of Directors proposes a dividend in respect of 2004 of CHF 2.70 per share, to be paid by way of a nominal par value reduction, subject to shareholder approval.
The following summarizes the movements on the cash flow hedge reserve:
The following summarizes the movements on the fair value reserve for available-for-sale financial instruments:
The following summarizes the movements in minority interest: