Statement of changes in equity

DECEMBER 31, 2008-DECEMBER 31, 2009 TERNA S.P.A. SHARE CAPITAL AND RESERVES
In millions of euros Share
capital
Legal
reserve
Share
premium
reserve
Cash flow
hedge
reserve
Other
reserves
Retained
earnings
Interim
dividend
Profit for the year Equity
Equity at December 31, 2008 440.2 88.0 1.8 -49.3 730.1 600.4 -118.5 335.3 2,028.0
Profit for the year               790.0 790.0
Other components of comprehensive income:                  
Change in the fair value of cash flow hedge derivatives net of tax effect       -11.9
        -11.9
Total other components
of comprehensive incomeo
0.0 0.0 0.0 -11.9 0.0 0.0 0.0 0.0 -11.9
Comprehensive income 0.0 0.0 0.0 -11.9 0.0 0.0 0.0 790.0 778.1
Transactions with equity owners:                  
Allocation of 2008 profit                  
- 2008 dividends
            118.5 -316.2 -197.7
- Retained earnings - 2008           19.1   -19.1 0.0
Exercise of stock options                 0.0
Interim dividends             -140.1   -140.1
Total transactions with equity owners 0.0 0.0 0.0 0.0 0.0 19.1 -21.6 -335.3 -337.8
Equity at December 31, 2009 440.2 88.0 1.8 -61.2 730.1 619.5 -140.1 790.0 2,468.3

 

DECEMBER 31, 2007-DECEMBER 31, 2008 TERNA S.P.A. SHARE CAPITAL AND RESERVES
In millions of euros Share
capital
Legal
reserve
Share
premium
reserve
Cash flow
hedge
reserve
Other
reserves
Retained
earnings
Interim
dividend
Profit for the year Equity
At December 31, 2007 440.1 88.0 0.8 -1.9 730.1 474.2 -112.0 406.7 2026.0
Adjustment of opening balances 0.0 0.0 0.0 0.0 0.0 0.2 0.0 1.4 1.6
Equity at December 31, 2007 440.1 88.0 0.8 -1.9 730.1 474.4 -112.0 408.1 2027.6
Profit for the year               335.3 335.3
Other components
of comprehensive income:
                 
Change in the fair value
of cash flow hedge
derivatives net of tax effect
      -47.4         -47.4
Total other components
of comprehensive income
0.0 0.0 0.0 -47.4 0.0 0.0 0.0 0.0 -47.4
Comprehensive income 0.0 0.0 0.0 -47.4 0.0 0.0 0.0 335.3 287.9
Transactions with equity owners:                  
Allocation of 2007 profit                  
- 2007 dividends             112.0 -302.1 -190.1
- Retained earnings - 2007           106.0   -106.0 0.0
Exercise of stock options 0.1   1.0           1.1
2008 interim dividend
            -118.5   -118.5
RTL merger contribution           20.0     20.0
Total transactions with equity owners 0.1 0.0 1.0 0.0 0.0 126.0 -6.5 -408.1 -287.5
Equity at December 31, 2008 440.2 88.0 1.8 -49.3 730.1 600.4 -118.5 335.3 2028.0