Statement of changes in equity

31 December 2011 - 31 December 2012  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
Equity 31 December 2011 442.2 88.2 20.0 (70.0) 728.7 1,053.4 (160.8) 453.6 2,555.3
Profit for the year               463.2 463.2
Other comprehensive income:  
- Change in fair value of derivatives and cash flow hedges, net of tax effect (18.2) (18.2)
Total other comprehensive income - - - (18.2) - - - - (18.2)
Comprehensive income - - - (18.2) - - - 463.2 445.0
Transactions with equity owners:  
- Allocation of 2011 profit  
- Dividends 160.8 (422.1) (261.3)
- Retained earnings 0.2 31.3 (31.5) -
- 2012 interim dividend (140.7) (140.7)
Transfer to Terna Plus 0.8 0.8
Total transactions with equity owners and other transactions - 0.2 - - 0.8 31.3 20.1 (453.6) (401.2)
Equity at 31 December 2012 442.2 88.4 20.0 (88.2) 729.5 1,084.7 (140.7) 463.2 2,599.1
 

31 December 2010 - 31 December 2011  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
Equity 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 - - - (34.7) - - - - (34.7)
Comprehensive income - - - (34.7) - - - 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) -
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 - (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