LensCrafters 2013 Annual Report Download - page 140

23. NON-CURRENT PROVISIONS FOR RISK AND OTHER CHARGES
The balance is detailed below (amounts in thousands of Euro):
Legal
risk
Self-
insurance
Tax
provision
Other
risks
Total
Balance as of December 31, 2011 8,598 23,763 36,397 11,643 80,400
Increases 2,824 7,129 12,089 2,015 24,057
Decreases (2,812) (6,323) (5,128) (1,196) (15,460)
Business combinations — — 17,541 17,234 34,775
Translation difference, reclassification and other
movements 132
(520) 8 (3,781) (4,161)
Balance as of December 31, 2012 8,741 24,049 60,907 25,915 119,612
Increases 4.060 9.014 6.987 436 20.497
Decreases (2.172) (8.586) (265) 6.780 (4.243)
Business combinations 383 — — 240 623
Translation difference, reclassification and other
movements (1.069)
(997) (22.073) (14.808) (38,945)
Balance as of December 31, 2013 9,944 23,481 45,556 18,563 97,544
Other risks include (i) accruals for risks related to sales agents of certain Italian companies of Euro 5.8 million
(Euro 6.7 million as of December 31, 2012) and (ii) accruals for decommissioning the costs of certain subsidiaries of
the Group operating in the Retail Segment of Euro 3.1 million (Euro 2.8 million as of December 31, 2012).
The Company is self-insured for certain types of losses (please refer to Note 19 “Short-term Provisions for
Risks and Other Charges” for further details).
24. OTHER NON-CURRENT LIABILITIES
The balance of other non-current liabilities was Euro 74.2 million and Euro 52.7 million as of December 31,
2013 and 2012, respectively.
The balance mainly includes “Other liabilities” of the North American retail division of Euro 40.3 million and
Euro 40.6 million as of December 31, 2013 and 2012, respectively.
25. LUXOTTICA GROUP STOCKHOLDERS’ EQUITY
Capital Stock
The share capital of Luxottica Group S.p.A. as of December 31, 2013 amounted to Euro 28,653,640.38 and
was comprised of 477,560,673 ordinary shares with a par value of Euro 0.06 each.
The share capital of Luxottica Group S.p.A. as of December 31, 2012 amounted to Euro 28,394,291.82 and
was comprised of 473,238,197 ordinary shares with a par value of Euro 0.06 each.
Following the exercise of 4,322,476 options to purchase ordinary shares granted to employees under existing
stock option plans, the share capital increased by Euro 259,348.56 during 2013.
The total options exercised in 2013 were 4,322,476, of which 21,300 refer to the 2004 Plan, 198,000 refer to
the 2005 Plan, 1,100,000 refer to the Extraordinary 2006 Plan, 10,000 refer to the 2007 Plan, 344,770 refer to the 2008
Plan, 500,566 refer to the 2009 Plan (reassignment of the 2006/2007 Plans), 1,087,500 refer to the 2009 Extraordinary
Plan (reassignment of the 2006 extraordinary plan), 192,000 refer to the 2009 Ordinary Plan, and 868,340 refer to the
2010 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.