![Show Menu](styles/mobile-menu.png)
![Page Background](./../common/page-substrates/page0123.png)
Rothschild & Co | Annual Report 2017
121
1. Overview
4. Financial statements
3.
Management report
2. Business review
In thousands of euro
Gains and losses
recognised directly in equity
Capital and
associated
reserves
(1)
Consolidated
reserves
(3)
Related
to translation
differences
Available-for-
sale reserves
Shareholders’
equity, Group
share
Shareholders’
equity,
NCI
Total
shareholders’
equity
SHAREHOLDERS’ EQUITY AT
31 MARCH 2016
1,123,966 343,670
184
61,349 1,529,169 515,850 2,045,019
Impact of elimination of treasury shares
–
(5,598)
–
–
(5,598)
–
(5,598)
Dividends
– (44,184)
–
–
(44,184)
(131,984)
(176,168)
Issue of shares
154,490
–
–
– 154,490
– 154,490
Capital increase related to share-based
payments
–
909
–
–
909
13
922
Interest on perpetual subordinated debt
–
–
–
–
–
(13,748)
(13,748)
Effect of a change in shareholding without
a change of control
–
15,506
7,902
2,618
26,026 (69,005)
(42,979)
Other movements
(4)
15,011
–
–
–
15,011
–
15,011
Sub-total of changes linked
to transactions with shareholders
169,501 (33,367)
7,902
2,618 146,654 (214,724)
(68,070)
2016/2017 net income for the year
– 185,958
–
– 185,958 180,391 366,349
Net gains/(losses) from changes in fair value
–
–
–
20,537
20,537
581
21,118
Net (gains)/losses transferred to income on
disposal and impairment
–
–
–
(28,797)
(28,797)
(56)
(28,853)
Remeasurement gains/(losses) on defined
benefit funds
–
(427)
–
–
(427)
2,024
1,597
Translation differences and other
movements
–
(645)
(26,254)
2,760
(24,139)
(12,491)
(36,630)
SHAREHOLDERS’ EQUITY AT
31 MARCH 2017
1,293,467 495,189 (18,168)
58,467 1,828,955 471,575 2,300,530
Impact of elimination of treasury shares
–
3,331
–
–
3,331
57
3,388
Dividends
(2)
–
(51,511)
–
–
(51,511)
(2,644)
(54,155)
Issue of shares
2,055
–
–
–
2,055
18
2,073
Capital increase related to share-based
payments
–
539
–
–
539
–
539
Interest on perpetual subordinated debt
–
–
–
–
– (10,636)
(10,636)
Effect of a change in shareholding without a
change of control
(1)
(3,482)
9,318
637
6,472
(22,619)
(16,147)
Other movements
–
(24)
152
(98)
30
(67)
(37)
Sub-total of changes linked
to transactions with shareholders
2,054 (51,147)
9,470
539
(39,084)
(35,891)
(74,975)
2017 net income for the nine months
– 190,609
–
– 190,609 124,310 314,919
Net gains/(losses) from changes in fair value
–
–
–
21,934
21,934
439
22,373
Net (gains)/losses transferred to income on
disposal and impairment
–
–
–
(47,023)
(47,023)
(51)
(47,074)
Remeasurement gains/(losses) on defined
benefit funds
–
7,689
–
–
7,689
817
8,506
Translation differences and other
movements
–
203
(50,639)
(924)
(51,360)
(20,990)
(72,350)
SHAREHOLDERS’ EQUITY AT
31 DECEMBER 2017
1,295,521 642,543 (59,337)
32,993 1,911,720 540,209 2,451,929
(1) Capital and associated reserves at the period end consists of share capital of €154.8 million and share premium of €1,140.7 million. Share premium, under IFRS measurement, includes costs
incurred in the issuance of share capital.
(2) Dividends include €50.7 million of dividends to R&Co shareholders and a total of €0.8 million of dividends to R&Co Gestion and Rothschild & Co Commandité SAS. Distributions to non-controlling
interests are analysed in note 18.
(3) Consolidated reserves consist of retained earnings of €467.5 million less treasury shares of €15.6 million plus the Group share of net income.
(4) Other movements are described in note 32.
Consolidated statement of changes in equity
for the nine months ended 31 December 2017