Statement of changes in equity, IFRS
EURm | Share capital | Share premium account | Legal reserve | Invested unrestricted equity | Retained earnings 1) | Translation of foreign operations 2) | Available for sale financial assets 3) |
Total |
Equity at 1 January 2014 | 98 | 0 | 4 | 1,527 | 8,175 | -136 | 976 | 10,643 |
Changes in equity | ||||||||
Recognition of undrawn dividends | 8 | 8 | ||||||
Dividends | -924 | -924 | ||||||
Share of associate's other changes in equity | 17 | 17 | ||||||
Profit for the period | 1,540 | 1,540 | ||||||
Other comprehensive income for the period | -160 | -264 | 64 | -361 | ||||
Equity at 31 December 2014 | 98 | 0 | 4 | 1,527 | 8,655 | -400 | 1,039 | 10,924 |
Changes in equity | ||||||||
Recognition of undrawn dividends | 8 | 8 | ||||||
Dividends | -1,092 | -1,092 | ||||||
Share of associate's other changes in equity | 7 | 7 | ||||||
Profit for the period | 1,656 | 1,656 | ||||||
Other comprehensive income for the period | 90 | -72 | -111 | -92 | ||||
Equity at 31 December 2015 | 98 | 0 | 4 | 1,527 | 9,325 | -472 | 929 | 11,411 |
1) IAS 19 Pension benefits had a net effect of EURm 90 (-160) on retained earnings. | ||||||||
2) The total comprehensive income includes also the share of the associate Nordea's other comprehensive income, in accordance with the Group's share holding. The retained earnings thus include EURm 80 (-85) of Nordea's actuarial gains/losses. The exchange differences include the share of Nordea's exchange differences EURm -37 (-90). Respectively, available-for-sale financial assets include EURm -26 (7) of Nordea's valuation differences. | ||||||||
3) The amount recognised in equity from available-for-sale financial assets for the period totalled EURm 244 (177). The amount transferred to p/l amounted to EURm -318 (-120). EURm 10 was transferred to the Segregated Suomi portfolio. | ||||||||
The amount included in the translation, available-for-sale and cash flow hedge reserves represent other comprehensive income for each component, net of tax. |