158 / 302
Consolidated Financial Statements as of December 31, 2015
Consolidated statement of changes in shareholders’ equity
Consolidated statement
5.5
of changes in shareholders’ equity
Shareholders’ equity – Group share
Total
shareholders’
Non-
Total
equity – controlling shareholders’
Group share interests
equity
(in millions of euros)
Other
consolidated
Share Translation Fair value reserves and
capital
reserve reserve
(1)
net income
Shareholders' equity at December 31, 2013
1,810 (315)
(13)
6,442
7,926
754
8,679
Net income for the year 2014
1,249
1,249
118
1,367
Other comprehensive income after tax
(5)
20
(127)
(112)
25
(87)
Total comprehensive income 2014
0
(5)
20
1,123
1,138
143
1,280
Share-based payments
0
0
0
Treasury stock (net of tax)
(18)
(18)
(18)
2013 dividend payment
(2)
27
(176)
(149)
(70)
(219)
Change in capital and additional paid-in capital
0
5
5
Effect of changes in scope of consolidation and
other movements
(4)
(5)
(12)
312
295
206
500
Shareholders' equity at December 31, 2014
1,837 (324)
(5)
7,682
9,191 1,037 10,228
Net income for the year 2015
980
980
143
1,123
Other comprehensive income after tax
(511)
(2)
(16)
(529)
(93)
(623)
Total comprehensive income 2015
0 (511)
(2)
964
451
49
501
Share-based payments
19
19
19
Treasury stock (net of tax)
(3)
344
344
344
2014 dividend payment
(2)
9
(398)
(390)
(98)
(488)
Change in capital and additional paid-in capital
1
1
13
14
Effect of changes in scope of consolidation and
other movements
(4)
1
16
17
39
55
Shareholders' equity at December 31, 2015
1,846 (835)
(7)
8,628
9,633 1,039 10,672
This item comprises:
(1)
the effective portion of changes in the fair value of cash flow hedges;
●
cumulative changes in the fair value of available-for-sale financial assets.
●
The 2013 dividend totaling 434 million euros was paid:
(2)
in cash for 149 million euros; and
●
in new shares for 285 million euros (corresponding to the aggregate par value of the new shares for 27 million euros and premiums for 258 million euros).
●
The 2014 dividend (Note 2.3) totaling 492 million euros was paid:
in cash for 390 million euros; and
●
in new shares for 102 million euros(corresponding to the aggregate par value of the new shares for 9 million euros and premiums for 93 million euros).
●
This increase corresponds for the most part to the sales of treasury stock described in Note 2.1.
(3)
Changes in scope of consolidation and other movements correspond mainly (i) in 2014, to the sale of a 10% interest in the Group's Brazilian subsidiary to a
(4)
local investment firm, Peninsula, and (ii) in 2015, to the exercise by Peninsula of a call option on a further 2% (see Note 3.2.2).
158
2015 REGISTRATION DOCUMENT