LensCrafters 2013 Annual Report Download - page 141

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 83.1 million as of December 31, 2013 (Euro 91.9 million as of
December 31, 2012). The decrease of Euro 8.8 million was due to grants to certain top executives of 523,800 treasury
shares as a result of the Group having achieved the financial targets identified by the Board of Directors under the 2010
PSP. As a result of these equity grants, the number of Group treasury shares was reduced from 4,681,025 as of
December 31, 2012 to 4,157,225 as of December 31, 2013.
26. NON-CONTROLLING INTERESTS
Equity attributable to non-controlling interests was Euro 7.1 million and Euro 11.9 million as of December 31,
2013 and December 31, 2012, respectively. The decrease is primarily due to the payment of dividends of Euro
3.5 million and the acquisition of the remaining outstanding share capital of the subsidiary RayBan Sun Optics India
Limited and partially offset by results for the period equal to Euro 4.2 million.