09 | equity

Paid-up and called-up capital
The authorised capital at both 31 December 2015 and 31 December 2014 stood at € 100 million, consisting of 200,000,000 shares with a nominal value of € 0.50 each.

PAID-UP AND CALLED-UP CAPITAL

SHARE
PREMIUM
RESERVE

LEGAL
RESERVES

OTHER
RESERVES

RESULT FOR
THE YEAR

TOTAL

Balance as at 1 January 2014

40,242

366,148

1,229

76,774

-26,058

458,335

Net income

-

-

-

-

25,855

25,855

Remeasurement of pension liabilities

-

-

-

-566

-

-566

Change from settlement of share plan

10

-

-

-

-

10

Change share plan

-

-

-

89

-

89

Cash flow hedge

-

-

-356

34

-

-322

Software development costs

-

-

12,541

-12,541

-

-

Stock dividend 2013

227

-227

-

-

-

-

Cash dividend 2013

-

-

-

-6,290

-

-6,290

Net income deducted from other reserves

-

-

-

-26,058

26,058

-

Currency translation differences

-

-

-7

-

-

-7

Balance as at 31 December 2014

40,479

365,921

13,407

31,442

25,855

477,104

Balance as at 1 January 2015

40,479

365,921

13,407

31,442

25,855

477,104

Net income

-

-

-

-

19,845

19,845

Remeasurement of pension liabilities

-

-

-

411

-

411

Change from settlement of share plan

80

-

-

-

-

80

Change share plan

-

-

-

145

-

145

Cash flow hedge

-

-

102

-

-

102

Software development costs

-

-

-1,986

1,986

-

-

Release of revaluation reserve

-

-

-1,258

1,258

-

-

Cash dividend 2014

-

-

-

-12,953

-

-12,953

Net income added to other reserves

-

-

-

25,855

-25,855

-

Currency translation differences

-

-

44

-

-

44

BALANCE AS AT 31 DECEMBER 2015

40,559

365,921

10,309

48,144

19,845

484,778

The revaluation reserve was released due to the transfer of activities of a subsidiary and the associated impairment of goodwill.

The following breakdown of the legal reserves applies:

2015

2014

Revaluation reserve

-

1,258

Currency translation differences

7

-36

Cash flow hedge

-254

-356

Software development costs

10,556

12,541

BALANCE AS AT 31 DECEMBER

10,309

13,407

The provisions of Part 9, Book 2 of the Dutch Civil Code limit the distribution of dividend and repayment of capital due to the establishment of legal reserves.