Ita
EngShareholders’ equity and Group Solvency
The shareholders’ equity attributable to the Group amounted to € 23,204 million at 31 December 2014 compared to € 19,778 million at 31 December 2013. The increase of 17% is mainly attributable to:
- the result for the period attributable to the Group, which amounted to € 1,670 million at 31 December 2014;
- the dividend distribution of € -701 million, carried out in 2014;
- other gains or losses recognized through equity in the current year amounted to € 3,372 million. In particular, this result was attributable to € 3,997 million gains or losses from financial assets available for sale and only partially offset by the deterioration of profits from the re-measurement of liabilities relating to defined benefit plans for €-537 million attributable to the decrease in the reference rate used to discount such liabilities;
- the overall negative impact on Group equity from the purchase of minority interests in GPH in 2014 for € -684 million included in changes in other balance sheet items.
| (€ million) | 31.12.2014 | 31.12.2013 |
|---|---|---|
| Shareholders' equity attributable to the Group at the end of the previous period | 19,778 | 19,013 |
| Result of the period | 1,670 | 1,915 |
| Dividend distributed | -701 | -311 |
| Other comprehensive income | 3,372 | -132 |
| Reserve for unrealized gains and losses on available for sale financial assets | 3,997 | 70 |
| Foreign currency translation differences | 12 | -279 |
| Net unrealized gains and losses on hedging derivatives | 14 | 99 |
| Net unrealized gains and losses on defined benefit plans | -537 | 88 |
| Other net unrealized gains and losses | -114 | -110 |
| Other items | -915 | -706 |
| Shareholders' equity attributable to the Group at the end of the period | 23,204 | 19,778 |