Statement of changes in shareholders’ equity
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Equity pertaining to Snam shareholders |
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(millions of €) |
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Share capital |
Negative reserve for treasury shares in the portfolio |
Share premium reserve |
Legal reserve |
Reserve for fair value of cash flow hedging derivatives net of tax effect |
Reserve for defined- |
Fair value reserve of minority interests (FVTOCI) |
Consolidation reserve |
Other reserves |
Retained earnings |
Net profit for the year |
Interim dividend |
Total |
Minority interests |
Total shareholders’ equity |
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Balance at 31 December 2017 |
2,736 |
(318) |
1,140 |
547 |
(8) |
(8) |
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(674) |
58 |
2,112 |
897 |
(294) |
6,188 |
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6,188 |
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Effects of first-time application of IFRS 9 |
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8 |
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8 |
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8 |
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Balance at 1 January 2018 (A) |
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2,736 |
(318) |
1,140 |
547 |
(8) |
(8) |
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(674) |
58 |
2,120 |
897 |
(294) |
6,196 |
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6,196 |
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Net profit for 2018 |
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960 |
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960 |
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960 |
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Other components of comprehensive income |
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Components that can be reclassified to the income statement: |
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Portion of equity-accounted investments pertaining to “other components of comprehensive income” |
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(1) |
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(1) |
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(1) |
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Change in fair value of cash flow hedge derivatives |
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(20) |
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(20) |
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(20) |
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(20) |
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(1) |
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(21) |
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(21) |
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Components that cannot be reclassified to the income statement |
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Change in fair value of equity investments valued at fair value with an effect on OCI |
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1 |
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1 |
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1 |
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1 |
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1 |
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1 |
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Total comprehensive income for 2018 (B) |
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(20) |
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1 |
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(1) |
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960 |
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940 |
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940 |
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Transactions with shareholders: |
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Interim dividend for 2017 €0.0862 per share) |
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(294) |
294 |
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Final 2017 dividend (*) |
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(437) |
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(437) |
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(437) |
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Allocation of 2017 residual net profit |
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166 |
(166) |
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Interim dividend for 2018 (€0.0905 per share) |
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(298) |
(298) |
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(298) |
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2017-2019 Share-based incentive plan |
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3 |
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3 |
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3 |
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Acquisition of treasury shares |
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(426) |
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(426) |
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(426) |
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Total transactions with shareholders (C) |
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(426) |
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3 |
166 |
(897) |
(4) |
(1,158) |
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(1,158) |
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Other changes in shareholders’ equity: |
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Cancellation of treasury shares |
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119 |
(119) |
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7 |
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7 |
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7 |
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Total other changes in shareholders’ equity (D) |
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119 |
(119) |
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7 |
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7 |
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7 |
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Balance at 31 December 2018 (E = A + B + C + D) |
2,736 |
(625) |
1,021 |
547 |
(28) |
(8) |
1 |
(674) |
67 |
2,286 |
960 |
(298) |
5,985 |
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5,985 |
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| Download XLS (28 kB) |
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Equity pertaining to Snam’s shareholders |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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(millions of €) |
|
Share capital |
Negative reserve for treasury shares in the portfolio |
Share premium reserve |
Legal reserve |
Reserve for fair value of cash flow hedging derivatives net of tax effect |
Reserve for defined- |
Fair value reserve of minority interests (FVTOCI) |
Consolidation reserve |
Other reserves |
Retained earnings |
Net profit for the year |
Interim dividend |
Total |
Minority interests |
Total shareholders’ equity |
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Balance at 31 December 2018 (A) |
2,736 |
(625) |
1,021 |
547 |
(28) |
(8) |
1 |
(674) |
67 |
2,286 |
960 |
(298) |
5,985 |
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5,985 |
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Net profit for 2019 |
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1,090 |
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1,090 |
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1,090 |
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Other components of comprehensive income |
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Components that can be reclassified to the income statement: |
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Portion of equity-accounted investments pertaining to “other components of comprehensive income” |
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(17) |
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(17) |
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(17) |
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Change in fair value of cash flow hedge derivatives |
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(34) |
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(34) |
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(34) |
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(34) |
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(17) |
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(51) |
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(51) |
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Components that cannot be reclassified to the income statement |
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Change in fair value of equity investments valued at fair value with an effect on OCI |
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4 |
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4 |
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4 |
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Share of the “other components of the total profit” of the shares evaluated according to the shareholders’ equity method of the remeasurements of defined-benefit plans for employees |
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(1) |
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(1) |
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(1) |
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4 |
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(1) |
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3 |
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3 |
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Total comprehensive income for 2019 (B) |
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(34) |
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4 |
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(18) |
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1,090 |
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1,042 |
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1,042 |
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Transactions with shareholders: |
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Interim dividend for 2018 (€0.0905 per share) |
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(298) |
298 |
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Final dividend for 2018 (€0.1358 per share) (*) |
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(448) |
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(448) |
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(448) |
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Allocation of 2018 residual net profit |
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214 |
(214) |
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Interim dividend for 2019 (€0.095 per share) |
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(313) |
(313) |
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(313) |
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2017-2019 Share-based incentive plan |
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7 |
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7 |
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7 |
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Acquisition of treasury shares |
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(39) |
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(39) |
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(39) |
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Total transactions with shareholders (C) |
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(39) |
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7 |
214 |
(960) |
(15) |
(793) |
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(793) |
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Other changes in shareholders’ equity: |
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Cancellation of treasury shares |
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275 |
(275) |
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Capital contributions from third-party shareholders |
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3 |
3 |
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Other changes |
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8 |
13 |
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21 |
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21 |
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Total other changes in shareholders’ equity (D) |
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275 |
(275) |
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8 |
13 |
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21 |
3 |
24 |
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Balance at 31 December 2019 (E = A + B + C + D) |
2,736 |
(389) |
746 |
547 |
(62) |
(8) |
5 |
(674) |
64 |
2,513 |
1,090 |
(313) |
6,255 |
3 |
6,258 |
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