Consolidated statement of changes in equity
(x €1,000)
| Attributable to the shareholders of the Company | |||||||
| Notes | Share capital and premium | Reserves (Note 17) |
|
Total |
Non-controlling interests |
Total equity |
|
| As at 1 January 2019 | 839,311 | (164,966) | 54,686 | 729,031 | 5,857 | 734,888 | |
| Cash flow hedges | 21 | - | (30,745) | - | (30,745) | (31) | (30,776) |
| Remeasurements of post- | |||||||
| employment benefit obligations | 22 | - | - | (68,125) | (68,125) | - | (68,125) |
| Exchange rate differences | - | 22,864 | - | 22,864 | 82 | 22,946 | |
| Other comprehensive income, | - | ||||||
| net of tax | (7,881) | (68,125) | (76,006) | 51 | (75,955) | ||
| Net result | - | - | 11,846 | 11,846 | 121 | 11,967 | |
| Total comprehensive income | - | (7,881) | (56,279) | (64,160) | 172 | (63,988) | |
| Dividends | 33 | - | - | (19,456) | (19,456) | (559) | (20,015) |
| Repurchase of ordinary shares | 16 | - | (16,889) | (16,889) | - | (16,889) | |
| Share based payments | - | (46) | (46) | - | (46) | ||
| Development cost | - | (10,800) | 10,800 | - | - | - | |
| Other movements | - | - | (36) | (36) | - | (36) | |
| - | (10,800) | (25,627) | (36,427) | (559) | (36,986) | ||
| As at 31 December 2019 | 839,311 | (183,644) | (27,220) | 628,447 | 5,470 | 633,917 | |
| Cash flow hedges | 21 | - | 254 | - | 254 | - | 254 |
| Remeasurements of post- | |||||||
| employment benefit obligations | 22 | - | - | 27,466 | 27,466 | - | 27,466 |
| Exchange rate differences | 17 | - | 21,927 | - | 21,927 | 28 | 21,955 |
| Other comprehensive income, | |||||||
| net of tax | - | 22,181 | 27,466 | 49,647 | 28 | 49,675 | |
| Net result | - | - | 18,124 | 18,124 | (1,121) | 17,003 | |
| Total comprehensive income | - | 22,181 | 45,590 | 67,771 | (1,093) | 66,678 | |
| Dividends | 33 | - | - | - | - | - | - |
| Disposal | - | - | - | (1,386) | (1,386) | ||
| Other movements | - | - | 2,375 | 2,375 | 1,015 | 3,390 | |
| - | - | 2,375 | 2,375 | (371) | 2,004 | ||
| As at 31 December 2021 | 839,311 | (77,484) | (108,238) | 653,589 | (186) | 653,403 | |
In 2021 Other movements the €2.4 million relates to additions arising from Performance Share Plan. See also note 39. In 2020, the Company formed a new joint venture, AsfaltNu cv (see note 5). As a result, the Company derecognized the carrying amount of the noncontrolling interests in the former subsidiaries contributed to the newly formed joint venture for an amount of approximately €3 million.
In 2020, the Company acquired all shares from a minority shareholder in an asphalt production company for the amount of approximately €5 million, increasing its interest to 100 per cent. Since this is an transaction with a minority shareholder, the amount is recognised through equity and reflected as other movements in the table above. See consolidated statement of cash flows ‘other financing activities’.