Loreal 2011 Annual Report Download - page 152

150 REGISTRATION DOCUMENT − L’ORÉAL 2011
52011 parent company Financial Statements
Changes in shareholders’ equity
5.3. Changes in shareholders’ equity
The share capital of €120,596,816.40 comprises 602,984,082 shares with a par value of €0.2 each following transactions carried out
in2011:
♦subscription to 1,991,097shares following the exercise of options;
♦subscription to 400shares following the free grant of shares.
Changes in shareholders’ equity are as follows:
€ millions
Share
capital
Additional
paid-in
capital
1976
revaluation
reserve
Reserves
and
retained
earnings Net profit
Regulated
provisions Total
Balance at December31st, 2008
before appropriation ofnet profit 120.5 965.5 45.4 4,215.8 1,552.1 53.8 6,953.1
Changes in share capital -0.7 31.0 -267.2 -236.9
Appropriation of 2008 net profit 712.4 -712.4 0.0
Dividends paid for 2008 -839.7 -839.7
2009 net profit 1,841.8 1,841.8
Other movements during
theperiod 6.4 6.4
Balance at December31st, 2009
before appropriation ofnet profit 119.8 996.5 45.4 4,661.0 1,841.8 60.2 7,724.7
Changes in share capital 0.4 151.8 -37.1 115.1
Appropriation of 2009 net profit 963.0 -963.0 0.0
Dividends paid for 2009 -878.8 -878.8
2010 net profit 1,995.3 1,995.3
Other movements during
theperiod 6.3 6.3
Balance at December31st, 2010
before appropriation ofnet profit 120.2 1,148.3 45.4 5,586.9 1,995.3 66.5 8,962.6
Changes in share capital 0.4 123.1 123.5
Appropriation of 2010 net profit 930.1 -930.1 0.0
Dividends paid for 2010 -1,065.2 -1,065.2
2011 net profit 2,169.8 2,169.8
Other movements during
theperiod 16,0 16,0
Balance at December31st, 2011
before appropriation of net profit 120.6 1,271.4 45.4 6,517.0 2,169.8 82.5 10,206.7
Reserves include an amount of €18.2million in 2011
corresponding to unpaid dividends on treasury shares,
compared with €20.1million in2010 and €22million in2009.
Regulated provisions consist mainly of the provision for
investments which amounted to €23.7million at December31st,
2011, compared with €18.4million at December31st, 2010
and €16.2million at December31st, 2009. In2011, a charge of
€6.1million was made to the provision for investments in respect
of employee Profit Sharing for 2011 (€5.7million in2010 and
€5.3million in2009). This provision includes the transfer to the
Company of some of the provisions set aside by our subsidiaries
under a Group agreement. In2011, an amount of €0.8million
set aside to the provision in2006 was reversed (compared with
€3.5million in2010 and €2.8million in2009).
Accelerated tax-driven depreciation at December31st, 2011
amounted to €58.4million compared with €47.6million at
December31st, 2010 and €44.0million at December31st, 2009.
Details of share subscription option and free share plans are
provided in note17 and in the Management Report.