60•Consolidated financial statements
PANDORAANNUAL REPORT2014
CONSOLIDATED STATEMENT
OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER
Share
Share Treasury Translation Hedging Proposed Retained
Total
DKKmillion
Notes
capital
premium shares
reserve
reserve dividend earnings
equity
Equity at 1 January 2014
130
1,248
-738
348
-143
823
4,794
6,462
Net profit for the year
-
-
-
-
-
-
3,098
3,098
Exchange rate differences on translation of foreign subsidiaries
-
-
-
537
-
-
-
537
Value adjustment of hedging instruments
-
-
-
-
-18
-
-
-18
Tax on other comprehensive income
2.5
-
-
-
-
5
-
-
5
Other comprehensive income, net of tax
-
-
-
537
-13
-
-
524
Total comprehensive income for the year
-
-
-
537
-13
-
3,098
3,622
Share-based payments
2.4
-
-
36
-
-
-
134
170
Purchase of treasury shares
-
-
-2,400
-
-
-
-2
-2,402
Reductionof share capital
-2
-19
423
-
-
-
-402
-
Dividend paid
4.2
-
-
-
-
-
-823
3
-820
Proposed dividend
4.2
-
-
-
-
-
1,088
-1,088
-
Equity at 31December 2014
128
1,229
-2,679
885
-156
1,088
6,537
7,032
Equity at 1 January 2013
130
1,248
-38
703
-51
715
3,331
6,038
Net profit for the year
-
-
-
-
-
-
2,220
2,220
Exchange rate differences on translation of foreign subsidiaries
-
-
-
-355
-
-
-
-355
Value adjustment of hedging instruments
-
-
-
-
-98
-
-
-98
Tax onother comprehensive income
2.5
-
-
-
-
6
-
-
6
Other comprehensive income, net of tax
-
-
-
-355
-92
-
-
-447
Total comprehensive income for the year
-
-
-
-355
-92
-
2,220
1,773
Share-based payments
2.4
-
-
-
-
-
-
64
64
Purchase of treasury shares
-
-
-700
-
-
-
-
-700
Dividend paid
4.2
-
-
-
-
-
-715
2
-713
Proposed dividend
4.2
-
-
-
-
-
823
-823
-
Equity at 31December 2013
130
1,248
-738
348
-143
823
4,794
6,462
