4. Share-based Payment Plan Conversion

As a result of the IPO process and the conversion of the share-based payment plans, a one-off gain of €17,974 was recognized during 2015 in the Income Statement of the parent company financial statements of GrandVision N.V. and was subsequently charged to the Group's subsidiaries.

Refer to Note 30 to the consolidated financial statements for more details regarding share-based payment plans.