LensCrafters 2015 Annual Report Download - page 148

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Notes to the consolidated financial statement as of December 31, 2015 Page 54 di 68
Translation reserve
Translation differences are generated by the translation into Euro of financial statements prepared in currencies other
than Euro.
Treasury shares
Treasury shares were equal to Euro (68.6) million as of December 31, 2015 (Euro (73.9) million as of December 31, 2014). The
decrease of Euro 5.3 million was primarily due (a) to grants to certain top executives equaling 498,778 treasury shares in the
amount of Euro 9.7 million as a result of the Group having achieved the financial targets identified by the Board of Directors
under the 2012 Performance Share Plan (“PSP”) and (b) to the grant equaling 119,755 treasury shares in the amount of
Euro 2.5 million to the Group’s employees in Italy in honor of the 80th birthday of the Group’s Chairman and Founder,
Mr. Leonardo Del Vecchio. This amount was partially offset by the purchase of 116,673 treasury shares for Euro 6.9 million.
As a result, the number of Group treasury shares was reduced from 3,647,725 as of December 31, 2014 to 3,145,865 as of
December 31, 2015. On June 25, 2015 the Company signed an agreement to enhance the market liquidity of its shares. The
agreement is between the Company and Kepler Capital Markets SA.
26. NON-CONTROLLING INTERESTS
Equity attributable to non-controlling interests was Euro 5.2 million and Euro 7.3 million as of December 31, 2015 and
December 31, 2014, respectively. The reduction was maily due to the payment of dividends to non-controlling interest for Euro
2.1 million and the acquisition of the minority interest in Luxottica Netherlands for Euro 3.6 million and was partially offset by
net income for the period of Euro 2.7 million.
27. INFORMATION ON THE CONSOLIDATED STATEMENT OF INCOME
REVENUES BY CATEGORY
The break-down of revenues by category is as follows (amounts in thousands of Euro):
As of December 31,
(in thousands of Euro) 2015
2014
Sales of products 8,315,968
7,138,541
Vison care business 382,828
388,126
Eye-exam and related professional fees 113,461
105,860
Franchisee revenues 24,321
19,790
Total net sales 8,836,578
7,652,317