Page 58 - Annual Report 2013
P. 58
Financial Statements
Statement of changes in equity for the year ended
31 december 2013
Share Reserves Retained Total
Capital Earnings Equity
Balance as at 31 December 2011
as previously reported 300,000,000 37,838,931 127,766,105 465,605,036
Effect of changes in accounting policies (IAS 19R) 0 2,518,223 (822,296) 1,695,928
Balance as at 31 December 2011 Restated* 300,000,000 40,357,155 126,943,809 467,300,964
Comprehensive Income
Net profit for the year 2012 0 0 76,706,056 76,706,056
Other Comprehensive Income:
Actuarial losses 0 (244,377) 0 (244,377)
Deferred tax on actuarial losses 0 48,875 0 48,875
Total Comprehensive Income 0 (195,502) 76,706,056 76,510,554
Transactions with owners
Dividends distributed to the shareholders 0 0 (111,000,000) (111,000,000)
Total transactions with owners 0 0 (111,000,000) (111,000,000)
Transfer to statutory reserves 0 3,878,498 (3,878,498) 0
Balance as at 31 December 2012 Restated* 300,000,000 44,040,150 88,771,368 432,811,518
Comprehensive Income
Net profit for the year 2013 0 0 58,998,191 58,998,191
Other Comprehensive Income:
Actuarial gains 0 251,360 0 251,360
Deferred tax on actuarial gains for the year 2013 0 (65,354) 0 (65,354)
Deferred tax on actuarial gains/losses
due to tax rate change 0 (174,204) 0 (174,204)
Total Comprehensive Income 0 11,802 58,998,191 59,009,993
Transactions with owners
Dividends distributed to shareholders 0 0 (79,500,000) (79,500,000)
Total transactions with owners 0 0 (79,500,000) (79,500,000)
Transfer to statutory and other reserves 0 3,003,539 (3,003,539) 0
Balance as at 31 December 2013 300,000,000 47,055,490 65,266,020 412,321,510
*Restated following the application of IAS 19R . For further information refer to Note 5.32
The notes on pages 19 to 56 are an integral part of these financial statements.
17 of 58 Financial Statements as at 31 December 2013 (Amounts in Euros unless otherwise stated).
Statement of changes in equity for the year ended
31 december 2013
Share Reserves Retained Total
Capital Earnings Equity
Balance as at 31 December 2011
as previously reported 300,000,000 37,838,931 127,766,105 465,605,036
Effect of changes in accounting policies (IAS 19R) 0 2,518,223 (822,296) 1,695,928
Balance as at 31 December 2011 Restated* 300,000,000 40,357,155 126,943,809 467,300,964
Comprehensive Income
Net profit for the year 2012 0 0 76,706,056 76,706,056
Other Comprehensive Income:
Actuarial losses 0 (244,377) 0 (244,377)
Deferred tax on actuarial losses 0 48,875 0 48,875
Total Comprehensive Income 0 (195,502) 76,706,056 76,510,554
Transactions with owners
Dividends distributed to the shareholders 0 0 (111,000,000) (111,000,000)
Total transactions with owners 0 0 (111,000,000) (111,000,000)
Transfer to statutory reserves 0 3,878,498 (3,878,498) 0
Balance as at 31 December 2012 Restated* 300,000,000 44,040,150 88,771,368 432,811,518
Comprehensive Income
Net profit for the year 2013 0 0 58,998,191 58,998,191
Other Comprehensive Income:
Actuarial gains 0 251,360 0 251,360
Deferred tax on actuarial gains for the year 2013 0 (65,354) 0 (65,354)
Deferred tax on actuarial gains/losses
due to tax rate change 0 (174,204) 0 (174,204)
Total Comprehensive Income 0 11,802 58,998,191 59,009,993
Transactions with owners
Dividends distributed to shareholders 0 0 (79,500,000) (79,500,000)
Total transactions with owners 0 0 (79,500,000) (79,500,000)
Transfer to statutory and other reserves 0 3,003,539 (3,003,539) 0
Balance as at 31 December 2013 300,000,000 47,055,490 65,266,020 412,321,510
*Restated following the application of IAS 19R . For further information refer to Note 5.32
The notes on pages 19 to 56 are an integral part of these financial statements.
17 of 58 Financial Statements as at 31 December 2013 (Amounts in Euros unless otherwise stated).
