LensCrafters 2012 Annual Report Download - page 250

ANNUAL REPORT 2012> 164 |
CAPITAL STOCK
The share capital of Luxottica Group S.p.A., as of December 31, 2012, amounts to
Euro28,394,291.82 and is comprised of 473,238,197 ordinary shares with a par value of
Euro0.06 each.
The share capital of Luxottica Group S.p.A., as of December 31, 2011, amounts to
Euro28,041,100.62 and is comprised of 467,351,677 ordinary shares with a par value of
Euro0.06 each.
Following the exercise of 5,886,520 options to purchase ordinary shares granted to
employees under existing stock option plans, the share capital increased by Euro353,191.20
during 2012.
The total options exercised in 2012 were 5,886,520, of which 138,100 refer to the 2003 Plan,
534,200 refer to the 2004 Plan, 100,000 refer to the Extraordinary 2004 Plan, 441,256 refer to
the 2005 Plan, 70,000 refer to the 2006 Plan, 5,000 refer to the 2007 Plan, 782,530 refer to the
2008 Plan, 1,475,434 refer to the 2009 Plan (reassignment of the 2006/2007 Plans), 1,912,500
refer to the Extraordinary 2009 Plan (reassignment of the 2006 Extraordinary Plan), 417,500
refer to the 2009 Ordinary Plan, 5,000 to the 2010 Plan and 5,000 to the 2011 Plan.
LEGAL RESERVE
This reserve represents the portion of the Company’s earnings that are not distributable as
dividends, in accordance with article 2430 of the Italian Civil Code.
ADDITIONAL PAID-IN CAPITAL
This reserve increases with the expensing of options or excess tax benefits from the
exercise of options.
RETAINED EARNINGS
These include subsidiaries’ earnings that have not been distributed as dividends and
the amount of consolidated companies’ equities in excess of the corresponding carrying
amounts of investments. This item also includes amounts arising as a result of consolidation
adjustments.
TRANSLATION RESERVE
Translation differences are generated by the translation into Euroof financial statements
prepared in currencies other than Euro.
TREASURY RESERVE
Treasury reserve was equal to Euro91.9 million as of December 31, 2012 (Euro117.4 million
as of December 31, 2011). The decrease of Euro25.5 million was due to grants to certain
top executives of approximately 1.5 million treasury shares as a result of Group having
25. LUXOTTICA
GROUP
STOCKHOLDERS’
EQUITY