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DETAIL OF THE RESERVES
(x 1,000 EUR)
Reserve for the positive/
negative balance of changes
in the fair value of properties
Reserve for the estimated
transaction costs 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 01.01.2014
-144,422
-75,715
-88,745
Appropriation of the 2013 net result
16,570
-3,086
4,576
Elements directly recognised in the global result
-210
51,799
Cash flow hedging
51,799
Impact on fair value of estimated transaction
costs and duties resulting from hypothetical
disposal of investment properties
-210
Other
1
5,317
SUBTOTAL
-127,851
-73,694
-32,370
Acquisitions/disposals of own shares
Dividends
AT 31.12.2014
-127,851
-73,694
-32,370
Appropriation of the 2014 net result
-29,391
-3,260
-10,512
Elements directly recognised in the global result
5,285
33,209
Cash flow hedging
33,209
Impact on fair value of estimated transaction
costs and duties resulting from hypothetical
disposal of investment properties
5,285
Other
-18,575
-56
SUBTOTAL
-175,817
-71,725
-9,673
Acquisitions/disposals of own shares
Dividends
AT 31.12.2015
-175,817
-71,725
-9,673
156
ANNUAL ACCOUNTS /
Consolidated accounts