2011 Annual Report - Italcementi Group

Equity
12. Share capital
At December 31, 2011, the fully paid-in share capital totaled 282,548,942 euro, divided into 282,548,942
shares with a par value of 1 euro each, as follows:
Number of shares 12.31.2011 12.31.2010 Change
Ordinary shares 177,117,564 177,117,564 -
Savings shares 105,431,378 105,431,378 -
Total 282,548,942 282,548,942 -
13. Reserves
Reserves reflect movements in the share premium, the fair value adjustment of available-for-sale financial
assets and interest-rate and currency hedges, and the valuation of stock options.
The stock option reserve reflects the total amount at December 31, 2011, of the options granted and
amortized over the vesting period of the stock option plans.
The movements in reserves were as follows:
Reserves
Share premium Fair value reserve Hedging reserve Stock option reserve Total
(in thousands of euro)
reserves
At December 31, 2010 344,104 7,524 ( 9,807) 23,514 21,231
Gains (losses) taken directly to reserve - ( 7,524) ( 6,961) ( 505) ( 14,990)
Tax taken directly to reserve - - 1,900 - 1,900
(Gains) losses taken to income statement - - 9,858 - 9,858
At December 31, 2011 344,104 - ( 5,010) 23,009 17,999
14. Treasury shares
At December 31, 2011, the carrying amount of purchased treasury shares totaled 58,690 thousand euro and
was charged to the reserve for treasury shares as shown below:
Total carrying
No. ordinary shares
amount
par value € 1 (in thousands of euro)
No. savings shares
par value € 1
Total carrying
amount
(in thousands of euro)
Total carrying
amount
(in thousands of euro)
December 31, 2010 3,793,029 58,342 105,500 348 58,690
December 31, 2011 3,793,029 58,342 105,500 348 58,690
Ordinary treasury shares in portfolio at December 31, 2011, were held to service stock option plans for
directors and managers.
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