The change in Retained earnings (losses) was due to the cover of the loss of the previous year and to the reclassification described above.
INFORMATION AS PER aRT. 2427 – 7BIS – CIVIL CODE
The following chart gives a breakdown of the items of shareholders’ equity and shows how they can be utilized:
(in thousands of euro)
|
|
Amount at December 31 2010 |
Possible uses |
Part available |
Summary of uses made in the last three periods (*) |
||
|
For covering losses |
For distributing as dividends |
Other |
||||
|
CAPITAL |
396,059 |
-- |
-- |
-- |
-- |
-- |
|
Capital reserves: |
|
|
|
|
|
|
|
Share premium reserve |
34,130 |
ABC |
|
-- |
-- |
-- |
|
Legal reserve |
12,678 |
B |
|
-- |
-- |
-- |
|
Capital reserve |
3 |
A |
|
-- |
-- |
-- |
|
Earnings reserves: |
|
|
|
|
|
|
|
Legal reserve |
103,291 |
B |
|
-- |
-- |
-- |
|
Statutory reserve |
119 |
ABC |
|
-- |
-- |
-- |
|
Art. 6 D.Lgs no. 38 reserve |
(74) |
ABC |
|
-- |
-- |
-- |
|
First adoption of IFRS reserve |
162,210 |
ABC |
|
-- |
-- |
-- |
|
Stock Option reserve |
15,007 |
ABC |
|
-- |
-- |
-- |
|
Retained earnings |
259,834 |
ABC |
|
-- |
(21,847) |
(1,463) |
|
TOTAL |
983,257 |
|
|
-- |
(21,847) |
(1,463) |
Key = A: for capital increases; B: for covering losses; C: for distribution to shareholders
(*)The uses shown are those that caused a reduction in total equity