Preliminary
This section of the website provides a brief description of the statistical material presented in the most recent Annual Report (2010-2011).
Key figures (up to June 2011)
Balance sheet after profit distribution on 30 June 2011 (in EUR million)
Capital and shares
On 30 June 2011 KBC Ancora’s capital and reserves amounted to EUR 1,992 million. The company’s capital amounted to EUR 2,022 million and was represented by 78,301,314 shares. The result brought forward amounted to EUR - 30 million.
Participation in KBC Group
On the balance sheet date, KBC Ancora held 82,216,380 KBC Group shares, representing a participating interest of 22.97% in KBC Group.
Net debt
As at the balance sheet date, KBC Ancora’s net debt (debt less current assets) amounted to EUR -598 million, largely due to EUR 593 million financial debts.
Income, expenses
KBC Ancora's income consists almost entirely of dividends from its participating interest in KBC Group. KBC Ancora’s operating expenses break down into costs relating exclusively to KBC Ancora, such as costs incurred in connection with financial services, costs in relation to stock market listing, costs in connection with management activities and costs of creditors and operating costs incurred through the cost-sharing association. The latter was created by KBC Ancora and Cera to enhance the cost-effectiveness of both parties’ operations.
The following table summarises the trend in the income and expenses of KBC Ancora in recent fiancial years.
Cash flows
The table below represents the cash flows for the last financial years.
Dividend and dividend yield
Within the statutory constraints (e.g. with regard to the formation of a statutory reserve), KBC Ancora aims to distribute as much of the recurring profit as possible in the form of dividend.
In the event that KBC Ancora does not receive a dividend from its participating interest in KBC Group in any given year, KBC Ancora will itself not pay a dividend in that year. If KBC Ancora receives KBC Group dividend again in a subsequent financial year, its result carried forward from previous years will be taken into account when determining the profit available for distribution.
As KBC Group distributed a dividend in 2011 (in respect of the financial year 2010), KBC Ancora was able to close the fiscal year 200/2011 with a profit. However, the positive result (EUR 30.2 million) was insufficient to cancel out completely the outstanding loss carried forward as at the end of the previous financial year (EUR -59.8 million). As in the two preceding financial years, therefore, KBC Ancora will not distribute a dividend in respect of the financial year 2010/2011.