STATEMENT OF CHANGES IN EQUITY

STATEMENT OF CHANGES IN EQUITY (in thousands of euro)

 Share CapitalLegal ReserveMerger Reserve*IAS ReserveRetained Earnings ReserveNet Income (loss)Total
Total at 12/31/2012 1,343,285 117,899 12,467 3,941 154,233 234,416 1,866,241
Profit Allocation as per resolution of May 13, 2013:            
- Dividends - - - - - (156,743) (156,743)
- Legal Reserve - 11,721 - - - (11,721) -
- Reatined Earnings - - - - 65,952 (65,952) -
Other components of other comprehensive income - - - 38,635 - - 38,635
Net income (loss) - - - - - 191,891 191,891
Total at 12/31/2013 1,343,285 129,620 12,467 42,576 220,185 191,891 1,940,024
Profit Allocation as per resolution of June 12, 2014:            
- Dividends - - - - - (156,743) (156,743)
- Legal Reserve - 9,595 - - - (9,595) -
- Reatined Earnings - - - - 25,554 (25,554) -
Other components of other comprehensive income - - - 14,934 - - 14,934
Net income (loss) - - - - - 257,964 257,964
Total at 12/31/2014 1,343,285 139,215 12,467 57,510 245,739 257,964 2,056,180

IAS Reserve (in thousands of euro)

 (*) IAS Reserve 
 Reserve for Fair Value adjustment of financial assets available-for-saleReserve for actuarial gains/lossesTotal
Balance at 12/31/2012 1,875 2,066 3,941
Other components of other comprehensive income 38,547 88 38,635
Balance at 12/31/2013 40,422 2,154 42,576
Other components of other comprehensive income 15,090 (156) 14,934
Balance at 12/31/2014 55,512 1,998 57,510