Chapters
Annual Report 2019

Consolidated Statement of Changes in Equity

Attributable to the equity holders

in thousands of EUR

Notes

Share capital

Share premium

Treasury shares

Other reserves

Retained earnings

Total

Non- control- ling interest

Total equity

At 1 January 2018

5,089

72,176

- 17,753

- 148,962

1,128,524

1,039,074

81,480

1,120,554

Result for 2018

-

-

-

-

216,278

216,278

21,018

237,296

Cash flow hedge reserve

20, 22

-

-

-

1,663

-

1,663

59

1,722

Remeasurement of post-employment benefit obligations

20, 22

-

-

-

4,862

-

4,862

758

5,620

Cumulative currency translation reserve

20, 22

-

-

-

- 15,442

-

- 15,442

275

- 15,167

Total comprehensive income

-

-

-

- 8,917

216,278

207,361

22,110

229,471

Hedge results transferred to the carrying value of inventory purchased during the year

-

-

-

831

-

831

- 262

569

Acquisition of non-controlling interest

21, 22

-

-

-

-

- 4,539

- 4,539

2,704

- 1,835

Share-based payments

19, 21

-

- 2,721

3,685

-

- 90

874

-

874

Dividends

21, 22

-

-

-

-

- 81,147

- 81,147

- 16,021

- 97,168

Total transactions with equity holders

-

- 2,721

3,685

-

- 85,776

- 84,812

- 13,317

- 98,129

At 31 December 2018

5,089

69,455

- 14,068

- 157,048

1,259,026

1,162,454

90,011

1,252,465

Adjustment on initial application of IFRS 16 (net of tax)

- 70,083

- 70,083

- 1,627

- 71,710

Adjusted at 1 January 2019

5,089

69,455

- 14,068

- 157,048

1,188,943

1,092,371

88,384

1,180,755

Result for 2019

-

-

-

-

178,483

178,483

16,888

195,371

Cash flow hedge reserve

20, 22

-

-

-

- 3,269

-

- 3,269

7

- 3,262

Remeasurement of post-employment benefit obligations

20, 22

-

-

-

- 17,266

-

- 17,266

- 2,955

- 20,221

Cumulative currency translation reserve

20, 22

-

-

-

13,857

-

13,857

1,678

15,535

Total comprehensive income

-

-

-

- 6,678

178,483

171,805

15,618

187,423

Hedge results transferred to the carrying value of inventory purchased during the year

20

-

-

-

- 3,896

-

- 3,896

- 179

- 4,075

Purchase of treasury shares

-

-

- 3,814

-

-

- 3,814

-

- 3,814

Acquisition of non-controlling interest

21, 22

-

-

-

-

- 386

- 386

- 33

- 419

Share-based payments

19, 21

-

3,125

1,647

-

43

4,815

-

4,815

Dividends

21, 22

-

-

-

-

- 83,743

- 83,743

- 16,681

- 100,424

Total transactions with equity holders

-

3,125

- 2,167

-

- 84,086

- 83,128

- 16,714

- 99,842

At 31 December 2019

5,089

72,580

- 16,235

- 167,622

1,283,340

1,177,152

87,109

1,264,261

GrandVision has applied IFRS 16 at 1 January 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of applying IFRS 16 is recognized in retained earnings. The accompanying notes are an integral part of these consolidated financial statements.