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Consolidated Statement of Changes in Equity for the year ended 31 December 2012
Share capital | Share premium | Other reserves | Retained earnings* | Total equity | |
---|---|---|---|---|---|
Balance as at 1 January 2012 | 13,934 | 1,295,103 | 9,611 | 577,395 | 1,896,043 |
Total comprehensive income | - | - | (25,938) | 598,298 | 572,360 |
Hedge valuation reserve (Note 30) |
- | - | (25,390) | - | (25,390) |
Currency translation adjustment | - | - | (548) | - | (548) |
Net profit for the period | - | - | - | 598,298 | 598,298 |
Balance as at 31 December 2012 | 13,934 | 1,295,103 | (16,327) | 1,175,693 | 2,468,403 |
* The capital excluded from distribution amounts to PLN 4,645. In accordance with the provisions of the Commercial Companies Code, joint-stock companies are required to transfer at least 8% of their annual net profits to reserve capital until its amount reaches one third of the amount of their share capital.
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