299 348
299
These amount to Euro 2,314 thousand at 31 December 2014,
compared with Euro 4,600 thousand at 31 December 2013,
and relate to the cash held on Euro bank current accounts
repayable on demand.
The credit risk associated with cash and cash equivalents is
Equity amounts to Euro 1,107,027 thousand at 31 December
2014, reporting an increase of Euro 85,975 thousand since 31
December 2013. The changes over this period are discussed
in the following paragraphs about the individual compo-
nents of equity.
Share capital
Share capital amounts to Euro 21,671 thousand at 31
December 2014, consisting of 216,712,397 ordinary shares
8.
CASH AND CASH EQUIVALENTS
9.
SHARE CAPITAL AND RESERVES
limited insofar as the counterparties are major national and
international banks.
The value of cash and cash equivalents is considered to be in
line with the respective fair value.
(including 2,819,649 treasury shares), with a nominal value
of Euro 0.10 each. The total number of outstanding voting
shares is 213,882,079, stated net of 10,669 treasury shares
held indirectly.
The following table reconciles the number of outstanding
shares at 31 December 2012, at 31 December 2013 and 31
December 2014:
Ordinary shares Treasury shares
Total
Balance at 31 December 2012
214,508,781
(3,028,500)
211,480,281
Capital increase
(1)
82,929
-
82,929
Treasury shares
-
-
-
Balance at 31 December 2013
214,591,710
(3,028,500)
211,563,210
Capital increase
(2)
2,120,687
-
2,120,687
Treasury shares - allotments
(3)
-
1,574,202
1,574,202
Treasury shares - sales
-
24,649
24,649
Treasury shares - purchases
-
(1,390,000)
(1,390,000)
Balance at 31 December 2014
216,712,397
(2,819,649)
213,892,748
(1) Capital increase following exercise of part of the options under the Stock Option Plan 2007-2012.
(2) Capital increase following exercise of the options under the Long-term incentive plan 2011-2013.
(3) The movement in treasury shares refers to the allotment of 162,650 shares under the Group employee share purchase plan (YES Plan) and to the allotment
of 1,411,552 shares under the Long-term incentive plan 2011-2013.
More details about treasury shares can be found in the sub-
sequent note on "Treasury shares".
Share premium reserve
This amounts to Euro 485,873 thousand at 31 December
2014, the same as at 31 December 2013.
Capital increase costs
This reserve, which reports a post-tax negative balance of
Euro 4,506 thousand at 31 December 2014, relates to the
costs incurred for the capital increase serving the public
mixed exchange and cash offer for the ordinary shares of
Draka Holding B.V., announced on 22 November 2010 and
formalised on 5 January 2011.
Legal reserve
This amounts to Euro 4,292 thousand at 31 December 2014,
and is Euro 1 thousand higher than at 31 December 2013