to download Telecom Italia Annual Report 2011 - Company Reporting

Note 12 – Equity
Equity is composed as follows:
(thousands of euros) 12/31/2011 12/31/2010
Share capital issued 10,693,628 10,688,746
less: treasury shares (20,720) (20,720)
Share capital 10,672,908 10,668,026
Paid-in capital 1,703,974 1,697,292
Legal reserve 2,137,749 2,134,773
Other reserves:
Reserve L.D. 124/93 ex art. 13 391 391
Reserve D.P.R. 917/86 ex art. 74 5,750 5,750
Reserve for capital grants 602,259 602,259
Revaluation reserve ex Law 413/91 1,129 1,129
Reserve Law 266/2005 ex art. 1, para. 469 - Law 342/2000 ex art. 14 315,842 315,842
Other 2,169,346 2,435,360
Total other reserves 3,094,717 3,360,731
Retained earnings (accumulated losses), including profit (loss) for the year 2,927,572 7,703,045
Total 20,536,920 25,563,867
Movements in share capital during 2011 are presented in the following tables:
Reconciliation between the number of shares outstanding at December 31, 2010 and 2011
(number of shares of par value
0.55 euros)
At 12/31/2010
Shares issued for
plans intended for
employees
At 12/31/2011
% of capital
share
Ordinary shares issued (a) 13,407,963,078 8,876,296 13,416,839,374 69.01
less: treasury shares (b) (37,672,014) - (37,672,014)
Ordinary shares outstanding (c) 13,370,291,064 8,876,296 13,379,167,360
Savings shares issued and
outstanding (d) 6,026,120,661 - 6,026,120,661 30.99
Total shares issued (a+d) 19,434,083,739 8,876,296 19,442,960,035 100.00
Total shares outstanding (c+d) 19,396,411,725 8,876,296 19,405,288,021
Reconciliation between the value of shares outstanding at December 31, 2010 and 2011
(thousands of euros)
Share capital
at
12/31/2010
Change in share capital as
a result of plans intended
for employees
Share capital
at
12/31/2011
Ordinary shares issued (a) 7,374,380 4,882 7,379,262
less: treasury shares (b) (20,720) - (20,720)
Ordinary shares outstanding (c) 7,353,660 4,882 7,358,542
Savings shares issued and
outstanding (d) 3,314,366 - 3,314,366
Total share capital issued (a+d) 10,688,746 4,882 10,693,628
Total share capital
outstanding (c+d) 10,668,026 4,882 10,672,908
Share capital increased 4,882 thousand euros due to the effect of the issue of bonus shares under the
“Broad-based Employee Share Ownership Plan 2010-2014”, approved by the shareholders’ meeting
held on April 29, 2010. Further details are provided in the following paragraphs and in the Note “Equity
compensation plans”.
Telecom Italia S.p.A. Separate Financial Statements Note 12 – Equity 349