Statement of changes in equity

31 December 2010 - 31 December 2011 Share capital and reserves Terna S.p.A.
  Share capital and reserves Terna S.p.A.
€ million Share/quota capital Legal reserve Share premium reserve Hedging reserve Other reserves Retained earnings Interim dividend Profit for the year Equity
At 31 December 2010 441.0 88.0 8.6 (35.3) 729.7 1,043.2 (160.4) 432.1 2,546.9
Equity at 31 December 2010 441.0 88.0 8.6 (35.3) 729.7         1,043.2 (160.4) 432.1 2,546.9
Profit for the year               453.6 453.6
Other comprehensive income:                  
Change in fair value of derivatives and cash flow hedges, net of tax effect       (34.7)         (34.7)
Total other comprehensive income 0.0 0.0 0.0 (34.7) 0.0 0.0 0.0 0.0 (34.7)
Comprehensive income 0.0 0.0 0.0 (34.7) 0.0 0.0 0.0 453.6 418.9
Transactions with equity owners:                  
Allocation of 2010 profit                  
- 2010 dividend             160.4 (421.7) (261.3)
- 2010 retained earnings   0.2       10.2   (10.4) 0.0
Exercise of stock options 1.2   11.4   (1.0)       11.6
2011 interim dividend             (160.8)   (160.8)
Total transactions with equity owners 1.2 0.2 11.4 0.0 (1.0) 10.2 (0.4) (432.1) (410.5)
Equity at 31 December 2011 442.2 88.2 20.0 (70.0) 728.7         1,053.4 (160.8) 453.6 2,555.3

 

31 December 2009 - 31 December 2010 Share capital and reserves Terna S.p.A.
€ million Share/quota capital Legal reserve Share premium reserve Hedging reserve Other reserves Retained earnings Interim dividend Profit for the year Equity
At 31 December 2009 440.2 88.0 1.8 (61.2) 730.1 619.5 (140.1) 790.0 2,468.3
Adjustment of opening balances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.2 14.2
Equity at 31 December 2009 440.2 88.0 1.8 (61.2) 730.1 619.5 (140.1) 804.2 2,482.5
Profit for the year               432.1 432.1
Other comprehensive income:                  
Change in fair value of derivatives and cash flow hedges, net of tax effect       25.9         25.9
Total other comprehensive income 0.0 0.0 0.0 25.9 0.0 0.0 0.0 0.0 25.9
Comprehensive income 0.0 0.0 0.0 25.9 0.0 0.0 0.0 432.1 458.0
Transactions with equity owners:                  
Allocation of profit 2009                  
- 2009 dividend             140.1 (380.5) (240.4)
- 2009 retained earnings           423.7   (423.7) 0.0
Exercise of stock options 0.8   6.8   (0.4)       7.2
2010 interim dividend             (160.4)   (160.4)
Total transactions with equity owners 0.8 0.0 6.8 0.0 (0.4) 423.7 (20.3) (804.2) (393.6)
Equity at 31 December 2010 441.0 88.0 8.6 (35.3) 729.7 1,043.2 (160.4) 432.1 2,546.9
*The retrospective application of IFRIC 12 - Service Concession Arrangements had no effect on opening equity at 31 December 2009.