16 | total equity

16.1. Share capital and share premium

NUMBER OF
SHARES (X 1,000)

PAID-UP AND CALLED-UP

SHARE
PREMIUM

TOTAL

Balance as at 1 January 2014

80,484

40,242

366,148

406,390

Stock dividend

454

227

-227

-

Change from settlement of share plan

19

10

-

10

Balance as at 31 December 2014

80,957

40,479

365,921

406,400

Balance as at 1 January 2015

80,957

40,479

365,921

406,400

Change from settlement of share plan

162

80

-

80

BALANCE AS AT 31 DECEMBER 2015

81,119

40,559

365,921

406,480

The authorised share capital as at 31 December 2015 and 2014 comprised 200 million shares with a nominal value of € 0.50. Holders are entitled to one vote per share at the company’s shareholders’ meetings.

On 2 June 2015 a dividend of € 0.16 per share was distributed in cash, totalling € 12,953.

On 13 May 2015 161,401 ordinary shares were issued for the purpose of the final granting of shares under the Unique Share Plan 2011-2014 (note 24).

On 3 June 2014 a dividend of € 0.14 per share was distributed in cash or shares. The number of shares giving entitlement to one new ordinary share with a nominal value of € 0.50 was set at 78.302, while 35,552,496 shares were registered for the payment of stock dividend. 454,043 new ordinary shares were issued for this purpose. An amount of € 6,290 was distributed in cash for the remaining shares.

On 19 May 2014 19,640 ordinary shares were issued for the final granting of shares under the Unique Share Plan 2008-2010.

16.2. Reserves

The following breakdown of reserves applies:

2015

2014

Legal reserves:

- Revaluation reserve

-

1,258

- Currency translation differences

7

-36

- Cash flow hedge

-254

-356

- Software development costs

10,556

12,541

10,309

13,407

Other reserves:

- Retained earnings

67,989

57,297

BALANCE AS AT 31 DECEMBER

78,298

70,704

Reference is made to note 9 of the company financial statements for more information on the distribution of dividend and repayment of capital.

16.3. Non-controlling interests

Non-controlling interests reflect the entitlement of third parties to the equity of consolidated group companies in which the group does not hold a 100% interest. In 2015 non-controlling interests amounted to € 2,328 (2014: € 1,824).