99
Consolidated Statements of Changes in Equity 31 December 2015 and 2014 Compañía Española de Petróleos, S.A.U. and Subsidiaries (Consolidated Group) (Thousands of euros)
Subscribed capital
Share premium
Revaluation reserve
Retained earnings
Translation differences
Interim dividend
Reserves for asset/liability
valuation at fair value
Non-contro- lling interests
Total
Balance at 01/01/2014 (Restated)* 267,575 338,728 90,936 5,809,220 32,375 (160,545) (21,210) 77,275 6,434,354
Adjustment on correction of error (Note 2.u) (7,186) (7,186)
Restated Balance at 01/01/2014 267,575 338,728 90,936 5,802,034 32,375 (160,545) (21,210) 77,275 6,427,168
Total recognised income and expense restated in 2014* (Note 2.u) (389,168) 17,626 (371,542)
Gains (losses) recognised directly in equity
Cash Flow and net investments in foreing operations Hedges
- - - - - - (255,223) - (255,223)
Translation differences - - - (5,178) 412,269 - - 3,473 410,564
Total gains (losses) recognised directly in equity - - - (5,178) 412,269 - (255,223) 3,473 155,341
Changes due to transactions with shareholders
Proposed gross dividend - - - (462,905) - 160,545 - (11,515) (313,875)
Other changes in equity - - - - - - - - -
Sale of shares/minority acquisi- tions (Note 15) (219,619) 31,270 (188,349)
Total shareholder transactions - - - (682,524) - 160,545 - 19,755 (502,224)
Balance at 12/31/2014 (Restated)* 267,575 338,728 90,936 4,725,164 444,644 - (276,433) 118,129 5,708,743
Subscribed capital
Share premium
Revaluation reserve
Retained earnings
Translation differences
Interim dividend
Reserves for asset/liability
valuation at fair value
Non-contro- lling interests
Total
Balance at 01/01/2015 267,575 338,728 90,936 4,725,164 444,644 - (276,433) 118,129 5,708,743
Total recognised income and expense (1,040,414) (6,834) (1,047,248)
Gains (losses) recognised directly in equity
Cash Flow and net investments in foreign operations Hedges
- - - - - - (234,621) - (234,621)
Translation differences - - - - 318,080 - - (2,709) 315,371
Total gains (losses) recognised directly in equity - - - - 318,080 - (234,621) (2,709) 80,750
Changes due to transactions with shareholders
Proposed gross dividend - - - (327,302) - - - (11,259) (338,561)
Other changes in equity
Sale of shares/minority acquisitions (Note 15) - (9,488) (9,488)
Total shareholder transactions - - - (327,302) - - - (20,747) (348,049)
Balance at 12/31/2015 267,575 338,728 90,936 3,357,448 762,724 - (511,054) 87,839 4,394,196
ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015
The accompanying Notes 1 to 35 are an integral part of these Consolidated Statement of changes in equity. * Financial year 2014 has been restated for comparison purposes with financial year 2015.