SNAM Consolidated half-year report at 30 June 2016 - Changes in shareholders’ equity

		Equity pertaining to shareholders of the parent company
(millions of €)	Notes	Share capital	Consolidation reserve	Share premium reserve	Legal reserve	reserve for fair value of cash flow hedging derivatives net of tax effect	reserve for defined-benefit plans for employees net of tax effect	Other reserves	Retained earnings	Net profit	Negative reserve for treasury shares in portfolio	Total	Minority interests	Total shareholders’ equity
Balance at 31 December 2014		3,697	(1,701)	1,700	714	(3)	(20)	(1)	1,592	1,198	(5)	7,171	1	7,172
Net profit for the first half of 2015										612		612		612
Other components of comprehensive income:
Components that can be reclassified to the income statement:
- Portion of equity investments valued using the equity method pertaining to “other components of comprehensive income”								11				11		11
Components that cannot be reclassified to the income statement:
- Actuarial gains (losses) on remeasurement of defined-benefit plans for employees							1					1		1
Total comprehensive income for the first half of 2015							1	11		612		624		624
Transactions with shareholders:
- Reclassification to legal reserve				(25)	25
- Allocation of dividend for 2014 (€0.25 per share)				(72)					(333)	(470)		(875)		(875)
- Allocation of 2014 residual net profit									728	(728)
Total transactions with shareholders				(97)	25				395	(1,198)		(875)		(875)
Other changes in equity								32				32		32
Balance at 30 June 2015		3,697	(1,701)	1,603	739	(3)	(19)	42	1,987	612	(5)	6,952	1	6,953
Profit for second half of 2015										626		626		626
Other components of comprehensive income:
Components that cannot be reclassified to the income statement:
- Actuarial gains (losses) on remeasurement of defined- benefit plans for employees							3					3		3
Total comprehensive net income for the second half of 2015							3			626		629		629
Total other changes in shareholders’ equity								4				4		4
Balance at 31 of December 2015		3,697	(1,701)	1,603	739	(3)	(16)	46	1,987	1,238	(5)	7,585	1	7,586

Balance at 31 of December 2015 (a)	(17)	3,697	(1,701)	1,603	739	(3)	(16)	46	1,987	1,238	(5)	7,585	1	7,586
Net profit for the first half of 2016										526		526		526
Other components of comprehensive income:
Components that can be reclassified to the income statement:
- Portion of equity investments valued using the equity method pertaining to “other components of comprehensive income”								(13)				(13)		(13)
- Change in fair value of cash flow hedging derivatives (effective portion)						1						1		1
Total comprehensive income for the first half of 2016 (b)						1		(13)		526		514		514
Transactions with shareholders:
- Allocation of dividend for 2015 (€0.25 per share)				(50)						(825)		(875)		(875)
- Allocation of 2015 residual net profit									413	(413)
Total transactions with shareholders (c)				(50)					413	(1,238)		(875)		(875)
Other changes inequity:
- Effect of the price adjustment for the Stogit acquisition			21									21		21
- Reclassifications				3				(5)	2
- Other changes								4				4		4
Total other changes in shareholders’ equity (d)			21	3				(1)	2			25		25
Balance at 30 of June 2016 (e=a+b+c+d)	(17)	3,697	(1,680)	1,556	739	(2)	(16)	32	2,402	526	(5)	7,249	1	7,250

Statement of Changes in shareholders’ equity