Note 13: Group equity

Composition of share capital at year-end 2015

 

 

 

 

 

In €

 

Authorized share capital

 

Subscribed share capital

Priority shares (48 with nominal value of €400)

 

19,200

 

19,200

Cumulative preferred shares (200 million with nominal value of €2)

 

400,000,000

 

Common shares (600 million with nominal value of €2)

 

1,200,000,000

 

497,952,856

Total

 

1,600,019,200

 

497,972,056

Outstanding common shares

 

 

 

 

 

Number of shares

 

2014

 

2015

Outstanding at January 1

 

242,625,535

 

246,043,094

Issued in connection to stock options exercised and performance shares granted

 

788,616

 

825,102

Stock dividend

 

2,628,943

 

2,108,232

Balance at year-end

 

246,043,094

 

248,976,428

Weighted average number of shares

 

 

 

 

 

Number of shares

 

2014

 

2015

Issued common shares at January 1

 

242,625,535

 

246,043,094

Issued common shares during the year

 

2,033,094

 

1,777,510

Shares for basic for the year

 

244,658,629

 

247,820,604

 

 

 

 

 

Effect of dilutive shares

 

 

 

 

For performance-related shares

 

1,410,341

 

1,826,898

For share-matching plan

 

20,801

 

24,136

Shares for diluted earnings per share

 

246,089,771

 

249,671,638

Subscribed share capital

For further details on subscribed share capital, see Note D in the Company financial statements.

Other components of shareholders’ equity

Changes in fair value of derivatives comprise the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to hedged transactions that have not yet occurred.

Cumulative translation reserves comprise all foreign exchange differences arising from the translation of the financial statements of foreign operations, as well as from the translation of intercompany loans with a permanent nature and liabilities and derivatives that hedge the net investments in a foreign subsidiary.

Equity-settled transactions consist of the performance-related share plan and share-matching plan, whereby shares are granted to the Board of Management, Executive Committee and other executives. For details of the share-based compensation, see Note 4.

Non-controlling interests

None of the non-controlling interests are considered individually material to the group.

Non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

2015

 

 

 

 

 

 

Equity stake

 

 

 

Equity stake

Group equity

 

Partner

 

%

 

€ million

 

%

 

€ million

Akzo Nobel Swire Paints (Shanghai) Ltd, Shanghai, China

 

Swire Duro (Holdings) Ltd, China

 

30.00

 

184

 

30.00

 

191

Akzo Nobel India Limited, Kolkata, India

 

Privately held, India

 

27.04

 

50

 

27.04

 

55

PT ICI Paints Indonesia, Jakarta, Indonesia

 

PT DWI Satrya Utama, Indonesia

 

45.00

 

30

 

45.00

 

29

Akzo Nobel Paints (Malaysia) Sdn. Bhd., Kuala Lumpur, Malaysia

 

Privately held, Malaysia

 

40.05

 

30

 

40.05

 

27

Akzo Nobel Swire Paints (Guangzhou) Limited, Guangzhou, China

 

Swire Duro (Holdings) Limited, Industrial Development Co. Ltd of Guangzhou, China

 

46.00

 

53

 

46.00

 

38

International Paint (Korea) Ltd, Busan, South Korea

 

Noroo Holdings, South Korea

 

40.00

 

19

 

40.00

 

24

Kayaku Akzo Corporation, Tokyo, Japan

 

Nippon Kayaku Co., Ltd., Japan

 

25.00

 

8

 

25.00

 

8

Akzo Nobel Kemipol A.S., Izmir, Turkey

 

Privately held, Turkey

 

49.00

 

18

 

49.00

 

18

Marshall Boya Ve Vernik Sanayii A.S., Gebze, Turkey

 

Marshal Employees' Foundation, Privately held, Turkey

 

11.74

 

5

 

11.74

 

5

Akzo Nobel Boya Sanayi Ve Ticaret A.S., Izmir, Turkey

 

Privately held, Turkey

 

25.00

 

5

 

25.00

 

4

Akzo Nobel Pakistan Limited, Karachi, Pakistan

 

Privately held, Pakistan

 

24.19

 

10

 

24.19

 

13

Akzo Nobel Oman SAOC, Muscat, Oman

 

Omar Zawawi Establishment LLC, Oman

 

50.00

 

13

 

50.00

 

14

Others

 

 

 

 

 

52

 

 

 

70

Total

 

 

 

 

 

477

 

 

 

496

Earnings per share

Net income attributable to shareholders divided by the weighted average number of common shares outstanding during the year.