8. Capital issued and reserves attributable to owners of the parent

Details are as follows:

€ million 3/31/2015 31/12/2014 Change
Capital 246.2  246.2  0.0 
Reserves 8,823.4  8,092.9  730.5 
Treasury stock (344.1) (344.1) 0.0 
Total 8,725.5  7,995.0  730.5 

Details of changes during the period are as follows:

€ million
 
Balance at December 31, 2014 7.995,0 
Fair value adjustments to investments and other financial assets:
 
- The Black Ant Value Fund  19,7 
- Other financial assets
41,9 
   
Reclassification of fair value to income statement:
 
- The Black Ant Value Fund  (6,1)
- Other financial investments
0,3 
   
Measurement of EXOR's derivative financial instruments
(6,3)
   
Attributable other net changes recorded in equity, shown by EXOR, its subsidiaries and the investments consolidated and accounted for using the equity method
 
- Translation exchange differences
676,4 
- Other
(36,0)
   
Profit attributable to owners of the parent
40,6 
Net change during the period 730,5 
Balance at March 31, 2015 8.725,5 

EXOR S.p.A. stock option plans

The composition and the change in the stock option plans are as follows:

      Stock Option Plan 2012/2021
  Stock Option Plan 2008/2019   Company Performance   Long Term Stock Grant
Balance at December 31, 2014 6,112,000   1,377,600   166,666
Options forfeited 0   (344,400)
  0
Balance at March 31, 2015 6,112,000 (a) 1,033,200   166,666
Cost referring to the first quarter 2015 (€ million):          
 - personnel costs 0.2   0.1   0.1
 - compensation to the Chairman and Chief Executive Officer 0.3   0.1   0.0
Total 0.5   0.2   0.1
Cost referring to the first quarter 2014 (€ million):          
 - personnel costs 0.2   0.3   0.3
 - compensation to the Chairman and Chief Executive Officer 0.3   0.1   0.0
Total 0.5   0.4   0.3
(a) Corresponding to 1,619,680 shares.

The reduction in the number of “Company Performance” options is as a result of not having reached the specific performance targets linked to the change in EXOR’s NAV, which was lower than the change in the MSCI World Index in Euro in 2014.

 

Commercial Register No.64236277 Legal notes | Credits