179
ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2013
15. SHARE CAPITAL
On 31st December 2013 and 2012, fully subscribed and
paid up share capital was represented by 20.000.000
shares to the bearer with a par value of 1 euro each.
In the years 2013 and 2012 the group did not acquired
nor sold any own shares. This shares are subordinated
to the policy stipulated for own shares which specifies
that the respective voting rights are suspended whilst
the shares are held by the group, although the group
may sell these shares.
At the end of the year the company held 2.000.000 own
shares acquired for 11.179.644 euros.
The group’s non-available reserves reached 15.179.645
euros and refer to legal reserves (4.00.001 euros) and
other reserves referring to own shares held by the
group (11.179.644 euros).
The amounts distributed to shareholders are deter-
mined based on the individual company accounts,
which show the available amount of 59.623.831 euros.
In the years ending on 31 December 2013 and 2012, the
non-controlling interests were as follows:
Dec-13
Dec-12
Ibersande
4,575,823 4,452,449
IBR Imobiliária, S.A.
236,206
228,096
Gravos 2012
156,139
-
Restmon
-11,007
-
4,957,161 4,680,545
Movements in the year in 2013 and 2012 in non-con-
trolling interests were as follows:
2013
2012
1st January
4,680,545 4,449,991
Increases
(1)
276,616
230,554
Decreases
-
-
31st December
4,957,161 4,680,545
(1) changes in the non-controlling interests in 2013 are relate to the
income of the year (120.477 euros) and the incorporation of the
subsidiary Gravos 2012 (156.139 euros) and in 2012 the non-
controlling interest income of the year.
On 31st December 2013, the Balance Sheet, the Profit
and Loss Account and Cash Flows statement of the of
the non-controlling interest Ibersande, was as follows:
Dec-13
Dec-12
Non-current assets
16,607,787 7,622,294
Current assets
6,039,519 14,544,336
Total assets
22,647,306 22,166,630
Equity
19,988,969 19,364,419
Non-current liabilities
-
-
Current liabilities
2,658,337 2,802,211
Total liabilities
2,658,337 2,802,211
Total equity
and liabilities
22,647,306 22,166,630
