LensCrafters 2015 Annual Report Download - page 222

Notes to the separate financial statements as of December 31, 2015 Page 42 of 77
Description Amount Permitted
use
Amount
available for
distribution
Uses in previous three years
to cover losses other purposes
Capital stock 29,019,200 B
Capital reserves:
Additional paid-in capital (**) 444,555,695 A, B ,C 444,537,257
Treasury shares (68,636,042)
Other reserves -
A 570,924
Earnings reserves:
Legal reserve 5,785,402 B
Extraordinary reserve 1,001,708,454 A, B, C 1,001,708,454
141,736,813
IAS reserve - IFRS FTA under
Section 7, par. 7 Italian Legislative
Decree 38/2005 604,447
IAS reserve – Employee benefits –
IAS 19 (454,332)
IAS reserve - Stock options – IFRS 2
(*) 12,991,764
IAS reserve - FTA IAS 36 396,820,262 A, B, C 396,820,262
IAS reserve - stock options 314,140,700
Merger/demerger surplus reserve 148,324,973 A, B, C 148,324,973
Total reserves 2,255,841,323 1,991,390,946
142,307,737
Undistributable amount
Distributable amount 1,991,390,946
Key A: to increase capital B: to cover
losses
C:
distribution
to
stockholders
Notes: (*) As established by Section 6, par. 5 of Italian Legislative Decree 38/2005, these reserves are available to cover losses only once
distributable earnings reserves and the legal reserve have been used. In this case, these reserves must be reinstated through allocations from net
income in subsequent years.
(**) The undistributable amount of Euro 18,438 refers to the residual amount required to be allocated to the legal reserve to make it equal to 20% of
capital stock.