Vetoquinol - Universal Registration Document - 2021

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 96 Vetoquinol Universal Registration Document 2020 Financial report 6 6.5.29 Cash and cash equivalents Cash includes bank accounts, investments and cash equivalents, and is measured at fair value. These investments are short-term investments and/or liquid investments readily convertible to known amounts of cash and not subject to risks of changes in value (gua- ranteed capital). €000 Dec 31, 2020 Dec 31, 2019 Marketable securities 21,865 18,509 Cash 107,576 66,002 Cash and cash equivalents in the balance sheet (assets) 129,441 84,511 Total cash and cash equivalents in the cash flow statement include: €000 Dec 31, 2020 Dec 31, 2019 Total cash and cash equivalents in the balance sheet 129,441 84,511 Bank overdrafts (Note 6.5.31) (107) (930) Cash and cash equivalents in the CFS 129,334 83,581 6.5.30 Capital stock and additional paid-in capital €000 Number of shares Capital stock Additional paid-in capital Total At December 31, 2018 11,881,902 29,705 41,126 70,831 At December 31, 2019 11,881,902 29,705 41,126 70,831 At December 31, 2020 11,881,902 29,705 41,126 70,831 At December 31, 2020, the capital stock amounted to €29,704,755 (2019: €29,704,755) divided into 11,881,902 shares (2019: 11,881,902 shares), each with a par value of €2.50. 6.5.30.1 Bonus shares At its meeting of May 26, 2020, the Board of Directors decided to grant a total of 5,500 bonus shares. 6.5.30.2 Stock options None. 6.5.30.3 Treasury stock excluding liquidity contract As of December 31, 2020, Vetoquinol held 53,240 trea- sury shares (2019: 47,994). 6.5.30.4 Dividend distribution Dividends distributed to Group shareholders are reco- gnized as a liability in the period in which they are approved by the shareholders. The shareholders’ general meeting of May 26, 2020 approved the distribution of dividends attributable to FY 2019 amounting to €4,515,122.76, i.e. €0.48 per share (2019: €5,703,312.96 attributable to FY 2018, i.e. €0.48 per share). At the time the dividend was paid, Vetoquinol held a number of these shares as treasury shares. The dividends attributable to these shares were not paid but were allocated to retained earnings. The total divi- dends paid out in 2020 amounted to €4,493,911.16 (2019: €5,679,270.24). The Group dividend distribution policy complies with a minimum payout of 15%. The Board has proposed a 2020 dividend payout of €0.50 per share payable on June 8, 2021.