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

Details are as follows:

€ million  12/31/2016  12/31/2015   Change 
Share capital  2.4  246.2   (243.8) 
Reserves  10,979.5  10,271.2   708.3 
Treasury stock  (0.1)  (171.2)   171.1 
Total  10,981.8  10,346.2(a)  635.6 
(a) Amount adjusted.

During 2016 FCA recorded an adjustment to the amount of its historical deferred tax assets in connection with the Group’s 2013 adoption of IAS 19 - Employee Benefits as revised.

This adjustment resulted in a €329 million increase in FCA retained earnings as of December 31, 2013 and an additional €242 million increase in 2014, in connection with the acquisition of the remaining Non-controlling interest of FCA US. As the underlying deferred tax assets are denominated in U.S. Dollars, the subsequent amounts in the retained earnings fluctuate due to exchange differences. This adjustment had no effect on the shortened consolidated income statement, however it resulted in a €208 million increase of Capital issued and reserves attributable to owners of the parent and of Investments accounted for using the equity method at December 31, 2015.

The decrease of treasury stock is attributable to the effect of the Merger. Additional information are exposed in the Note 27 of the consolidated financial statements.

Details of changes during the year are as follows:

€ million  
Balance at December 31, 2015 10,346.2
Fair value adjustments to investments and other financial assets:  
- Welltec(47.3)
- PartnerRe (30.5)
- Banca Leonardo (8.6)
- The Black Ant Value Fund0.3
- Other financial assets (5.9)
   
Reclassification of fair value to income statement:  
- PartnerRe(22.9)
- Banijay Holding (24.8)
- The Black Ant Value Fund (5.8)
- Other financial assets (5.3)
Measurement of EXOR derivative financial instruments 0.5 
   
Dividend paid by EXOR (82.0)
   
Attributable other net changes recorded in equity, shown by EXOR, its subsidiaries and the investments consolidated and accounted for using the equity method:  
- Share buyback by The Economist Group (100.2)
- Exchange differences on translation 435.0
- Other (55.5)
   
Consolidated profit attributable to owners of the parent 588.6
Net change during the year 635.6
Balance at December 31, 2016 10,981.8

 

 

 

 

Commercial Register No.64236277 Legal notes | Credits