Consolidated Statement of
Changes in Shareholders’ Equity

  

in EUR millions

  

Attributable to parent shareholders 1

      

Total

Share
capital

Other Reserves

Retained earnings

Net
Profit

Minority Interest
                   

Balance at 1 January 2007

80

470

923

243

-

1,716

First time adoption capital contribution share based payments 2

-

-

24

-

-

24

Balance at 1 January 2007

80

470

947

243

-

1,740

Net result on cash flow hedging instruments

-

(11)

-

-

-

(11)

Revaluation loans and receivables (net of tax)

-

(117)

-

-

-

(117)

Revaluation equity investments (net of tax) 3

-

(41)

17

-

-

(24)

Revaluation debt investments (net of tax)

-

(6)

-

-

-

(6)

Revaluation property, plant and equipment (net of tax)

-

1

-

-

-

1

Total gains/(losses) recognised
directly in equity

-

(174)

17

-

-

(157)

Profit appropriation

-

-

243

(243)

-

-

Net profit for the period

-

-

-

98

3

101

Comprehensive net result

-

(174)

260

(145)

3

(56)

Dividends 4

-

-

(146)

-

(1)

(147)

Capital contribution of third parties in a subsidiary controlled by NIBC

-

-

-

-

9

9

Capital contribution share based payments 2

-

-

12

-

-

12

Balance at 31 December 2007

80

296

1,073

98

11

1,558

Balance at 1 January 2008

80

296

1,073

98

11

1,558

Net result on cash flow hedging instruments

-

40

-

-

-

40

Revaluation loans and receivables (net of tax)

-

(14)

-

-

-

(14)

Revaluation equity investments (net of tax)

-

(36)

-

-

-

(36)

Revaluation debt investments (net of tax)

-

(12)

-

-

-

(12)

Revaluation property, plant and equipment (net of tax)

-

-

-

-

-

-

Total gains/(losses) recognised directly in equity

-

(22)

-

-

-

(22)

Profit appropriation

98

(98)

-

-

Net profit for the period

-

92

1

93

Comprehensive net result

-

(22)

98

(6)

1

71

Dividends

-

-

-

-

-

-

Capital contribution of third parties in a subsidiary controlled by NIBC

-

-

-

-

5

5

Capital contribution share based payments

-

-

4

-

-

4

Balance at 31 December 2008

80

274

1,175

92

17

1,638

  1. See note 46 for the impact of the implementation of IASB amendment ‘IAS 39 Financial Instruments: Recognition and Measurement’ on Shareholders’ equity at 31 December 2008.
  2. Shareholders’ equity at 1 January 2007 has been increased by EUR 24 million and at 31 December 2007 by EUR 36 million compared to the figures displayed in the Financial Statements 2007 due to the implementation of IFRS IFRIC 11.
  3. In 2004, NIBC sold a number of investments and did not release the corresponding revaluation reserve of EUR 17 million. The correction of this error, to transfer the revaluation reserve of EUR 17 million directly to Retained earnings, has no effect on the Income Statement of 2007, nor on Total Shareholders’ equity and the Balance Sheet total at 31 December 2007.
  4. Dividends in 2007 are comprised of EUR 61 million final ordinary dividend over 2006 and EUR 85 million extraordinary dividend in 2007.