11 Stockholders’ equity

The capital stock of Viterra AG amounts to € 182 million and consists of 70,000,000 shares. 94.5 % of the shares are owned by E.ON Viterra-Beteiligungsgesellschaft GmbH, Düsseldorf, and 5.5 % by E.ON AG, Düsseldorf. There is still a domination and profit-and-loss transfer agreement with E.ON AG.

At the end of December 2003, Viterra acquired a loan from E.ON AG which had been granted by E.ON to the consolidated company Deutschbau-Holding GmbH, Düsseldorf. This acquisition is treated as a transaction under common control in which the book value carried in the financial statements of the selling company has to be taken over in the financial statements of the buying company. The amount of € 12.4 million, by which the purchase price exceeded the book value, was transferred to retained earnings without affecting earnings.

The additional paid-in capital amounts to € 228.9 million and results exclusively from the transfer of premiums.

According to commercial law, the result of Viterra AG is transferred to E.ON AG on the basis of the domination and profit-and-loss transfer agreement without a special resolution on the appropriation of net income being required; this part of the consolidated net income of Viterra is shown as an addition or disposal in the stockholders' equity of the Group.

The components of the Accumulated other comprehensive income developed as follows:

	2003			2002
	Before taxes	Tax effect	After taxes	Before taxes	Tax effect	After taxes

	€ million	€ million	€ million	€ million	€ million	€ million

Minimum pension liability adjustment	–15.9	6.2	–9.7	0.5	–0.2	0.3

Unrealised gains (losses) from derivative financial instruments	1.0	–0.3	0.7	–24.7	9.6	–15.1

Foreign currency translation adjustments	–4.7	–	–4.7	–2.3	–	–2.3
Other comprehensive income	–19.6	5.9	–13.7	–26.5	9.4	–17.1