6.2.4Consolidated Statement of Changes in Equity

in millions of US$

Outstanding number of shares

Issued share capital

Share premium reserve

Retained earnings

Other reserves

Attributable to shareholders

Non-controlling
interests

Total Equity

At 1 January 2015

209,695,094

64

1,160

1,482

(287)

2,419

730

3,149

Profit/(Loss) for the period

-

-

29

-

29

81

110

Foreign currency translation

(7)

-

-

(12)

(18)

-

(18)

Remeasurements of defined benefit provisions

-

-

-

0

0

-

0

Cash flow hedges/net investment hedges

-

-

-

5

5

(14)

(9)

Comprehensive income for the period

(7)

-

29

(7)

16

67

83

IFRS 2 Vesting cost of Share based payments

-

-

(28)

28

-

-

-

IFRS 2 Reserve identification1

-

-

-

20

20

-

20

Issuance of shares on the share based scheme

1,999,856

1

2

10

(10)

3

-

3

Cash dividend

-

-

-

-

-

(2)

(2)

Transactions with non-controlling interests

-

-

38

-

38

(38)

-

Equity funding2

-

-

-

-

-

292

292

Equity repayment3

-

-

-

-

-

(78)

(78)

At 31 December 2015

211,694,950

58

1,162

1,532

(255)

2,496

970

3,465

  • 1 the IFRS 2 Share Based Payments granted but still unvested has been reclassified to the Other Reserves to reflect its undistributable nature.
  • 2 mainly equity contribution into SBM Stones S.à.r.l and Alfa Lula Alto S.à r.l, following shareholders resolution.
  • 3 equity repayment from companies Guara Norte S.à r.l., Beta Lula Central S.à r.l. and Tupi Nordeste S.à r.l. following shareholders resolution.

Within the equity, an amount of US$ 553 million (2014: US$ 387 million) should be treated as legal reserve (please refer to 6.4 Statutory Financial Statements).

in millions of US$

Outstanding number of shares

Issued share capital

Share premium reserve

Retained earnings

Other reserves

Attributable to shareholders

Non-controlling
interests

Total Equity

At 1 January 2014

208,747,188

72

1,145

894

(72)

2,039

848

2,887

Profit/(Loss) for the period

-

-

575

-

575

76

651

Foreign currency translation

(8)

-

-

(4)

(12)

-

(12)

Remeasurements of defined benefit provisions

-

-

-

(5)

(5)

-

(5)

Cash flow hedges/net investment hedges

-

-

-

(206)

(206)

(35)

(241)

Comprehensive income for the period

(8)

-

575

(216)

351

41

392

Issue of shares

-

-

-

-

-

91

91

IFRS 2 Vesting cost of Share based payments

-

-

24

-

24

-

24

Issuance of shares on the share based scheme

947,906

0

15

(11)

-

4

-

4

Cash dividend

-

-

-

-

-

(2)

(2)

Transactions with non-controlling interests

-

-

-

-

-

-

-

Other movements1

-

-

-

-

-

(248)

(248)

At 31 December 2014

209,695,094

64

1,160

1,482

(287)

2,419

730

3,149

  • 1 conversion of equity reserves into shareholders loans in companies Alfa Lula Alto S.à r.l. and Beta Lula Central S.à r.l., following shareholders resolution