saxo-bank-annual-report-2015

STATEMENT OF CHANGES IN EQUITY – SAXO BANK GROUP
AT 31 DECEMBER
Shareholders of Saxo Bank A/S
(DKK 1,000)
Share
capital
Translation
Hedging
reserve reserve
Revaluation
Retained
reserve earnings
Total
Additional
tier 1
capital
Noncontrolling
interests
Total
Equity at 1 January 2014 66,599 124,866 (37,683) 57,426 3,246,804 3,458,012 - 34,669 3,492,681
Net profit - - - - 391,632 391,632 3,080 (13,488) 381,224
Other comprehensive income
Exchange rate adjustments - 69,470 - - - 69,470 - - 69,470
Fair value adjustment of cash flow hedges - - (30,142) - - (30,142) - - (30,142)
Hedge of net investments
in foreign entities
- (50,096) - - - (50,096) - - (50,096)
Revaluation of domicile properties - - - (703) 1,300 597 - 3 600
Other comprehensive income from
associates, net of tax
- - - (37,936) (117) (117) - - (117)
Actuarial losses - - - - (19,135) (19,135) - - -
Tax on other comprehensive income - 12,276 7,257 178 3,309 23,020 - - 23,020
Total other comprehensive income - 31,650 (22,885) (525) (14,643) (6,403) - 3 (6,400)
Total comprehensive income - 31,650 (22,885) (525) 376,989 385,229 3,080 (13,485) 374,824
Transactions with owners and equity note holders
Issuance of additional tier 1 capital,
- - - - (5,861) (5,861) 334,802 - 328,941
net of transaction costs 1)
Interest at issuance of additional
tier 1 capital
- - - - - - 94 - 94
Share-based payments - - - - 15,742 15,742 - 135 15,877
Increase in share capital 19 - - - 1,981 2,000 - - 2,000
Transactions with non-controlling interest - - - - 4,443 4,443 - 5,609 10,052
Tax - - - - 755 755 - - 755
Equity at 31 December 2014 66,618 156,516 (60,568) 56,901 3,640,853 3,860,320 337,976 26,928 4,225,224
1)
Transaction costs deducted from equity DKK 6 million.
SAXO BANK · ANNUAL REPORT 2015 · 45