2012 Annual Report - Italcementi Group

16. Analysis of equity captions
The table below sets out an analysis of equity items in relation to their origin, possibility of use and possible
distribution:
Summary of uses made in last three
years
(in thousands of euro)
Nature / description
Amount
Share capital 282,549
Possibility
of use
Availalble amount
Share premium 344,104 A, B, C 344,104
Reserves:
Stock option reserve 23,009 - -
Hedging reserve ( 24,549) - -
Total reserves ( 1,540)
Treasury shares ( 58,690)
Retained earnings:
Revaluation reserves 256,992 A, B, C 256,992
Legal reserve 56,510 B
Extraordinary reserve 448,224 A, B, C 448,224
Provision art. 18 Law 675/77 1,224 A, B, C 1,224
Provision for grants related to assets 71,480 A, B, C 71,480
Provision under Law 169/83 65,280 A, B, C 65,280
Merger surplus (deficit) 105,548 A, B, C 105,548
Provision under Law 904/77 38,163 A, B, C 38,163
Provision under Law 488/92 28,700 - -
Coverage of
losses
( 1)
For other
reasons
66,876
Reserve under art. 7 Leg. Decree 38/2005 40,505 - -
Retained earnings - A, B, C - 50,626
Profit (loss) for the period ( 202,882) A, B, C -
Total retained earnings 909,744
Distributable total 1,331,015
Key:
A: for share capital increase
B: to cover losses
C: for distribution to shareholders
(1) distribution of dividends
( 1)
53,317
The reserves, which form part of the company’s taxable income when distributed, totaled 380,566 thousand
euro in addition to 93,852 thousand euro included in share capital following the increases made in previous
periods.
Reserves not subject to taxation are recorded gross of the tax impact, in the absence of resolutions that
envisage their distribution.
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