Annual Report 2015

Consolidated Statement of Changes in Equity

For the year ended 31 December

(CZK million)
Note
Share capital
Other capital reserves
Revaluation - financial assets AFS
Statutory reserve fund
Cummulative currency translation differences
Cash flow hedge reserve
Equalisation reserve fund1
Retained earnings
Attributable to equity holders of Parent Company
Attributable to Non-controlling interest
Total
Balance as at 1 January 20144,0002065,2501,13912(80)54912,92323,99961824,617
Net profit for the year–––––––3,6733,673493,722
Available-for-sale financial assets revaluation in equity––6,894–––––6,894–6,894
Available-for-sale financial asset realised revaluation in income statement––(587)–––––(587)–(587)
Available-for-sale impairment losses––141–––––141–141
Currency translation differences––––26–––26(1)25
Changes in cash flow hedge reserve–––––3––314
Other comprehensive income from discontinued operations––29–1–––30–30
Tax on items of other compehensive income––(331)––(1)––(332)–(332)
Total comprehensive income––6,146–272–3,6739,848499,897
Changes in ownership interests in subsidiaries that do not result in a change of control––118––––135253(10)243
Allocation to reserve for share-based payments–––––––––––
Dividends to shareholdersF.9.1.–––––––(3,344)(3,344)–(3,344)
Balance as at 31 December 2014F.9.4,00020611,5141,13939(78)54913,38730,75665731,413

XLS

1 Equalisation reserve is required under local insurance legislation and is classified as a separate part of equity within these accounts as it does not meet the definition of a liability under IFRS. It is not available for distribution. Change in equalisation reserve is captured as a transfer between distributable retained earnings and non-distributable equalisation reserve fund in equity.

(CZK million)
Note
Share capital
Other capital reserves
Revaluation - financial assets AFS
Statutory reserve fund
Cummulative currency translation differences
Cash flow hedge reserve
Equalisation reserve fund1
Retained earnings
Attributable to equity holders of Parent Company
Attributable to Non-controlling interest
Total
Balance as at 1 January 20154,00020611,5141,13939(78)54913,38730,75665731,413
Net profit for the year–––––––4,2754,275414,316
Available-for-sale financial assets revaluation in equity––2,097–––––2,097–2,097
Available-for-sale financial asset realised revaluation in income statement––(571)–––––(571)–(571)
Available-for-sale impairment losses––338–––––338–338
Currency translation differences–––(36)–––(36)–(36)
Changes in cash flow hedge reserve–––39––391453
Other comprehensive income from discontinued operations––(23)–22––(1)–(1)
Tax on items of other compehensive income––(260)––(7)––(267)(2)(269)
Total comprehensive income––1,581–(14)32–4,2755,874535,927
Changes in ownership interests in subsidiaries that do not result in a change of controlF.9.2.–––––(3)–(14)(17)658641
Allocation to reserve for share-based payments–––––––99–9
Dividends to shareholdersF.9.1.–––––––(3,272)(3,272)(14)(3,286)
Change in equalisation reserve––––––(512)512–––
Balance as at 31 December 2015F.9.4,00020613,0951,13925(49)3714,89733,3501,35434,704

XLS

1Equalisation reserve is required under local insurance legislation and is classified as a separate part of equity within these accounts as it does not meet the definition of a liability under IFRS. It is not available for distribution. Change in equalisation reserve is captured as a transfer between distributable retained earnings and non-distributable equalisation reserve fund in equity. The decrease of equalization reserve in 2015 is connected with calculation method prescribed by legislation. Maximum balance of the reserve is based on credit insurance premium within five year period. The last year with very significant amount of this premium was the year 2009.