CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (in thousands of euro)

  Attributable to the owners of the ParentNon controlling interestsTOTAL 
Share CapitalTranslation reserveTotal IAS Reserves  *Other reserves/retained earningsTotal attributable to  the owners of the Parent
Total at 12/31/2012  1,343,285      (1,606)  (531,446)   1,527,171   2,337,403 52,026 2,389,429
Other components of other comprehensive income  -   (226,695)      80,205  -     (146,490) (4,078) (150,568)
Net income   -   -   -  303,574      303,574 2,918 306,492
Total conprehensive income  -  (226,695) 80,205 303,574 157,084 (1,160) 155,924
Dividends paid  -   -   -     (156,743)    (156,743) (2,921) (159,664)
Venezuela inflation effect  -   -   -  49,470 49,470 1,944 51,414
Other  -   -  (1,303) (9,844) (11,147) 10,634 (514)
Total at 12/31/2013 1,343,285  (228,301)  (452,545) 1,713,628 2,376,066 60,523 2,436,589
Other components of other comprehensive income  -     (55,129) 15,737  -  (39,392) (372) (39,764)
Net income   -   -   -  319,291 319,291 13,546 332,837
Total conprehensive income  -  (55,129) 15,737 319,291 279,899 13,174 293,073
Dividends paid  -   -   -  (156,743) (156,743) (3,358) (160,101)
Venezuela inflation effect  -   -   -  49,090 49,090 1,929 51,019
Disposal of minorities stakes  -   -   -  (3,015) (3,015) 5,631 2,615
Acquisition through capital increase reserved to third parties  -   -   -   -  - 10,300 10,300
Disposal of Steelcord  -   -   -   -   -  (21,372) (21,372)
Other 604 2,444 3,048 (3,669) (621)
Total at 12/31/2014 1,343,285  (283,430)  (436,204) 1,924,694   2,548,345 63,157 2,611,502

  Breakdown of IAS reserves*
Reserve for fair value adjustment of avaible-for-sale financial assetsReserve for cash flow hedgeReserve for actuarial gains/lossesTax effectTotal IAS reserves
Balance at 12/31/2012   2,001 (44,971) (539,559) 51,082 (531,447)
Other components of other comprehensive income 33,631 14,472 22,823 9,279 80,205
Other changes - - (1,303) - (1,303)
Balance at 12/31/2013 35,632 (30,499) (518,039) 60,361 452,545)
Other components of other comprehensive income 20,488 10,252 (29,884) 14,879 15,737
Other changes - - 776 (172) 604
Balance at 12/31/2014 56,120 (20,647) (547,147) 75,069 (436,204)