LensCrafters 2015 Annual Report Download - page 147
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Notes to the consolidated financial statement as of December 31, 2015 Page 53 di 68
24. OTHER NON-CURRENT LIABILITIES
The balance of other non-current liabilities was Euro 91.4 million and Euro 83.8 million as of December 31, 2015 and 2014,
respectively.
The balance mainly includes “Other liabilities” of the North American retail divisions of Euro 44.9 million and
Euro 41.9 million as of December 31, 2015 and 2014, respectively.
25. LUXOTTICA GROUP STOCKHOLDERS’ EQUITY
Capital Stock
The share capital of Luxottica Group S.p.A. as of December 31, 2015 amounted to Euro 29,019,199.98 and was comprised of
483,653,333 ordinary shares with a par value of Euro 0.06 each.
The share capital of Luxottica Group S.p.A. as of December 31, 2014 amounted to Euro 28,900,294.98 and was comprised of
481,671,583 ordinary shares with a par value of Euro 0.06 each.
Following the exercise of 1,981,750 options to purchase ordinary shares granted to employees under existing stock option
plans, the share capital increased by Euro 118,905 during 2015.
The total options exercised in 2015 were 1,981,750, of which 32,500 refer to the 2008 grant, 150,000 refer to the 2009
extraordinary grant (reassignment of the 2006 performance grant), 94,000 refer to the 2009 ordinary grant (reassignment of the
2006 and 2007 ordinary grants), 35,000 refer to the 2009 ordinary grant, 149,500 refer to the 2010 ordinary grant, 324,500 refer
to the 2011 ordinary grant and 1,196,250 refer to the 2012 ordinary grant.
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.