8. Issued capital and reserves attributable to owners of the parent

Details are as follows:

€ million 3/31/2013 12/31/2012 Change
Share capital 246,2 246,2 0,0
Reserves 6.606,1 6.161,6 444,5
Treasury stock (311,9) (239,0) (72,9)
Total 6.540,4 6.168,8 371,6

Details of the changes during the period are as follows:

€ million  
Balance at December 31, 2012 - reported 7.164,4
Effect arising from the application of the amendment to IAS 19 - Employee benefits (995,6)
Balance at December 31, 2012 6.168,8
Fair value adjustments of investments and other financial assets:  
 - SGS S.A. (note 6) 270,7
 - The Black Ant Value Fund, (net of deferred taxes for € 0.2 million) (note 7) 19,1
 - Perella Weinberg Funds (note 7) 4,0
 - Other investments and other financial assets (6,9)
Transfer of fair value to income statement (1,2)
Measurement of EXOR S.p.A.'s derivative financial instruments 5,8
Attributable exchange differences on translating foreign operations (+€111.7 million) and other net changes recorded in equity, shown by the investments consolidated and accounted for by the equity method  (-€ 82.7 million)
29,0
Profit attributable to owners of the parent 51,1
Net change during the period 371,6
Balance at March 31, 2013 6.540,4

Treasury stock

Within the framework of the treasury stock buyback program resolved by the board of directors’ meeting on May 29, 2012 and subsequently modified on February 11, 2013 by the board of directors’ meeting, which increased the maximum amount authorized by the buyback program from €50 million to €200 million, in the first quarter of 2013 EXOR purchased 2,585,000 ordinary shares (1.61% of the class) at the average cost per share of €21.88 for a total of €56.6 million, 598,000 preferred shares (0.78% of the class) at the average cost per share of €21.54 for a total of €12.9 million, in addition to 157,850 savings shares (1.72% of the class) at the average cost per  share of €21.80 for a total of €3.4 million. The overall investment was €72.9 million.

At March 31, 2013 EXOR S.p.A. held the following treasury stock:

    % of Carrying amount
Class of shares Number of shares class Per share (€) Total (€ ml)
Ordinary 9.314.000 5,81 16,21 151,0
Preferred 12.288.684 16,00 12,18 149,7
Savings 823.555 8,98 13,63 11,2
        311,9
Commercial Register No.64236277 Note legali | Credits