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122 • PARENT COMPANY FINANCIAL STATEMENTS
PANDORA ANNUAL REPORT 2016
STATEMENT OF CHANGES
IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER
Share
Share Treasury Hedging
Other Dividend
Retained
Total
DKK million
Notes
capital
premium
shares
reserve reserves¹ proposed earnings
equity
2016
Equity at 1 January
122
-
-4,152
-19
-
1,511
6,198
3,660
Net profit for the year
-
-
-
-
-
-
4,842
4,842
Fair value adjustment of hedging instruments
-
-
-
70
-
-
-
70
Tax on other comprehensive income
2.3
-
-
-
-15
-
-
-
-15
Other comprehensive income, net of tax
-
-
-
55
-
-
-
55
Total comprehensive income for the year
-
-
-
55
-
-
4,842
4,897
Transfers
-
-
-
-
147
-
-147
-
Additions from Group internal merger
-
-
-
-
-
-
11
11
Share-based payments
2.2
-
-
-
-
-
-
76
76
Share-based payments (realised)
-
-
230
-
-
-
-229
1
Share-based payments (tax)
-
-
-
-
-
-
24
24
Purchase of treasury shares
-
-
-4,000
-
-
-
-
-4,000
Reduction of share capital
-5
-
3,588
-
-
-
-3,583
-
Dividend paid
-
-
-
-
-
-1,511
4
-1,507
Dividend proposed
-
-
-
-
-
1,007
-1,007
-
Equity at 31 December
117
-
-4,334
36
147
1,007
6,189
3,162
2015
Equity at 1 January
128
1,229
-2,679
-29
-
1,088
5,080
4,817
Net profit for the year
-
-
-
-
-
-
3,688
3,688
Fair value adjustment of hedging instruments
-
-
-
14
-
-
-
14
Tax on other comprehensive income
2.3
-
-
-
-4
-
-
-
-4
Other comprehensive income, net of tax
-
-
-
10
-
-
-
10
Total comprehensive income for the year
-
-
-
10
-
-
3,688
3,698
Transfers²
-
-1,229
-
-
-
-
1,229
-
Share-based payments
2.2
-
-
-
-
-
-
75
75
Share-based payments (realised)
-
-
266
-
-
-
-266
-
Share-based payments (tax)
-
-
-
-
-
-
58
58
Purchase of treasury shares
-
-
-3,900
-
-
-
-
-3,900
Reduction of share capital
-6
-
2,161
-
-
-
-2,155
-
Dividend paid
-
-
-
-
-
-1,088
-
-1,088
Dividend proposed
-
-
-
-
-
1,511
-1,511
-
Equity at 31 December
122
-
-4,152
-19
-
1,511
6,198
3,660
1
Other reserves include non-distributable reserves under Danish legislation relating to the capitalisation of internally developed projects.
² The ’Share premium’ is a distributable reserve under Danish regulation and has therefore been transferred to ’Retained earnings’ in 2015.