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142
ANNUAL ACCOUNTS /
Consolidated accounts
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 01.01.2013
-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
Appropriation of the 2013 net result
16,570
-3,086
4,576
Elements directly recognised under
shareholders’ equity
-210
51,799
Cash flow hedging
51,799
Impact on the fair value of estimated
transfer duties resulting from the
hypothetical disposal of investment
properties
-210
Other
1
5,317
SUBTOTAL
-127,851
-73,694
-32,370
Acquisition/Disposal of own shares
Dividends
AT 31.12.2014
-127,851
-73,694
-32,370