LensCrafters 2013 Annual Report Download - page 209
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Footnotes to the statutory financial statements as of December 31, 2013 Page 42 of 71
Additional paid-in capital
This reserve increases with the exercise of stock options.
Treasury reserve
The treasury reserve was equal to Euro 83,059,861 as of December 31, 2013 (Euro 91,928,455 as of December 31,
2012). The decrease of Euro 8.9 million was due to the grant of approximately 0.5 million treasury shares to
employees following achievement of the financial targets under the 2010 PSP. As a result of these equity grants, the
number of treasury shares went from 4,681,025 as of December 31, 2012 to 4,157,225 as of December 31, 2013.
Other reserves
The change reflects Euro 28,110,598 for accounting for stock options in accordance with IFRS 2, Euro 84,010 in net
actuarial gains/losses recognized in equity under IAS 19, and Euro 317,770 for fair value adjustments to financial
instruments, inclusive of the related deferred tax effect.
The components of stockholders' equity are analyzed below according to their origin, permitted use, amount available
for distribution and actual utilization in the previous three years.
(Thousand Euro)
Uses in previous three
years
Description Amount Permitted
use
Amount
available for
distribution
to cover
losses
other
purposes
Capital stock 28,654 - - - -
Capital reserves:
Additional paid-in capital (**) 327,255 A, B, C 327,237 - -
Treasury shares (83,059) - - - -
Reserve – Capital Surplus of merger / demerger 148,325 A, B, C 148,325
Other reserves - - - - 1,034
Earnings reserves:
Legal reserve 5,712 B - - -
Extraordinary reserve 1,010,138 A, B, C 1,010,138 - -
Reserve art.2426 8bis 1,127 A, B
Other reserve - IFRS FTA under Section 7, par, 7 Italian
Legislative Decree 38 2005 (*) 604 - - - -
Other reserve - FTA IAS 36 396,820 - -
Other reserve – Employee benefits – IAS 19 (*) 138 - - - -
Other reserve - Non-cash stock-based compensation –
IFRS 2 (*) 12,992 - - - -
IAS Reserve - Stock Options 232,576 - - - -
Total 2,081,282 1,485,700 - 1,034
Permitted use
-
Remain permitted use
1,485,700
Net income 454,367
Stockholders' equity 2,535,649
Key:
A: to increase capital
B: to cover losses
C: distribution to stockholders