PARENT COMPANY >
EXPLANATORY NOTES
276
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
(in thousands of Euro)
Nature/description
Amount
Permitted use (A,B,C) Amount available
Uses in three
for distribution
previous years
to cover losses other purposes
Share capital
21,459
Capital reserves:
- Capital contribution reserve
6,113
A,B,C (*)
6,113
- Share premium reserve
485,873
A,B,C
485,873
Earnings reserves:
- Extraordinary reserve
52,688
A,B,C
52,688
- IAS/IFRS first-time adoption reserve
30,177
A,B,C
30,177
- Legal reserve
4,291
B
- Retained earnings
163,222
A,B,C
163,222
25,488
Total
763,823
738,073
25,488
Undistributable amount
-
Distributable amount
738,073
Further information can be found in Note 17. Personnel costs.
Retained earnings
Retained earnings amount to Euro 163,222 thousand at 31
December 2013, having increased by Euro 24,854 thousand
since 31 December 2012 following the apportionment
of net profit for 2012 (Euro 23,278 thousand) and the
reclassification of the reserve for the Stock Option Plan 2007-
2012 (Euro 1,576 thousand), all of whose options are now fully
vested and exercised.
In compliance with art. 2427, no. 7-bis of the Italian Civil
Code, the following table analyses each component of Equity,
indicating its origin, permitted use and distribution, as well
as how it has been used in previous years.
Key:
A: to increase capital
B: to cover losses
C: distribution to shareholders
(*) Entirely available for capital increases and to cover losses.
Dividend distribution
The shareholders of Prysmian S.p.A. voted on 16 April 2013 to
distribute a gross dividend of Euro 0.42 per share, for a total of
Euro 88,857 thousand; this dividend was paid on 26 April 2013,
with the shares going ex-dividend on 25 April 2013.
A proposal to pay a dividend of Euro 0.42 per share, for a
total of some Euro 89 million, in respect of the year ended 31
December 2013, will be presented to the Shareholders’ Meeting
convened in single call for 16 April 2014.
The present financial statements do not reflect any liability for
the proposed dividend.
