144 / 220
Detail of the reserves
(x €1,000)
Reserve for the positive/negative
balance of changes in the fair
value of investment properties
Reserve for the estimated
transfer duties resulting from
the hypothetical disposal of
investment properties
Reserve for the balance of changes
in the fair value of authorised
hedging instruments qualifying
for hedge accounting as defined
under IFRS
AT 01.01.2012
-172,378
-67,276
-116,379
Appropriation of the 2011 net result
22,576
-1,461
9,641
Elements directly recognised under
shareholders’ equity
-2,542
-50,375
Cash flow hedging
-50,375
Impact on the fair value of estimated
transfer duties resulting from the
hypothetical disposal of investment
properties
-2,542
Other
-257
-145
SUBTOTAL
-150,059
-71,424
-157,113
Acquisition/disposal of own shares
Dividends
AT 31.12.2012
-150,059
-71,424
-157,113
Appropriation of the 2012 net result
5,858
-2,865
11,080
Elements directly recognised under
shareholders’ equity
-1,426
57,288
Cash flow hedging
57,288
Impact on the fair value of estimated
transfer duties resulting from the
hypothetical disposal of investment
properties
-1,426
Other
-221
SUBTOTAL
-144,422
-75,715
-88,745
Acquisition/disposal of own shares
Dividends
AT 31.12.2013
-144,422
-75,715
-88,745
138
/
Annual Accounts /
Consolidated Accounts