2012 Annual Report - Italcementi Group

15. Reserves
Translation reserve
This reserve reflects differences on the translation of the financial statements of consolidated foreign
operations. At December 31, 2012 it reflected a negative amount of 47.4 million euro (a positive balance of 6.3
million euro at December 31, 2011) referring to the following currencies:
December 31, December 31,
Change
(in millions of euro)
2012
2011
Egypt (Pound) (68.7) (34.9) (33.8)
USA and Canada (Dollar) 16.2 19.8 (3.6)
Thailand (Baht) 39.6 36.4 3.2
Morocco (Dirham) 0.3 1.5 (1.2)
India (Rupee) (41.9) (28.8) (13.1)
Turkey (Lira) (0.2) (5.3) 5.1
Other countries 7.4 17.6 (10.2)
Total (47.3) 6.3 (53.6)
16. Treasury shares
At December 31, 2012 the carrying amount of Italcementi S.p.A. treasury shares was 58,690 thousand euro,
reflected in the treasury share reserve. No movements took place in the reserve during the year:
N° ordinary shares
par value 1 €
Aggregate carrying
amount
(000 euro)
N° savings shares
par value 1 €
Aggregate carrying
amount
(000 euro)
Total carrying
amount
(000 euro)
December 31, 2011 3,793,029 58,342 105,500 348 58,690
Additions - - - - -
Disposals - - - - -
December 31, 2012 3,793,029 58,342 105,500 348 58,690
17. Retained earnings, dividends paid
Dividends declared by the parent Italcementi S.p.A in 2012 and 2011 are detailed below:
2012
(euro per sh are)
2011
(euro per share)
Dec.31, 2012
(000 euro)
Dec.31, 2011
(000 euro )
Ordinary shares 0.120 0.120 20,799 20,799
Savi ngs shares 0.186478 0.120 19,641 12,639
Total dividends 40,440 33,438
Dividends paid in 2012 amounted to 40,434 thousand euro (33,433 thousand euro in 2011).
18. Non-controlling interests
Equity attributable to non-controlling interests at December 31, 2012 stood at 1,273.1 million euro, down by
126.9 million euro from December 31, 2011.
In 2012 profit for the year attributable to non-controlling interests decreased by 60.9 million euro, from 94.3
million euro in 2011 to 33.4 million euro in 2012; the translation reserve, negative of 52.3 million euro,
decreased by 39.3 million euro, as a result of the performance of the euro against the currencies in countries
with large non-controlling interests including Egypt.
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