Consolidated Financial Statements
16. SHARE CAPITAL
On 31
st
December 2015 and 2014, 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 2015 and 2014 the group did not ac-
quired nor sold any own shares. This shares are
subordinated to the policy stipulated for own
shares which specifies that the respective vot-
ing rights are suspended whilst the shares are
held by the group, although the group may sell
these shares.
Attheendoftheyearthecompanyheld2.000.000
own shares acquired for 11.179.644 euros.
The group’s non-available reserves reached
15.179.645 euros and refer to legal reserves
(4.000.001 euros) and other reserves referring
to own shares held by the group (11.179.644 euros).
The amounts distributed to shareholders are de-
termined based on the parent individual financial
statements, which show the available amount of
60.207.070 euros.
There are no limits to Ibersol’s ability to assign or
use Group assets and settle Group liabilities, oth-
er than those which result directly from the law.
An additional breakdown of the reserves item in
the balance sheet was made in order to align the
consolidated statement of equity changes and
the consolidated statement of financial position
of the group Ibersol.
In the years ending on 31 December 2015 and
2014, the non-controlling interests were as fol-
lows:
Dec. 2015
Dec. 2014
Ibersande
4.905.211
4.754.197
IBR Imobiliária, S.A.
244.783
243.881
Gravos 2012
16.548
16.626
Restmon
-26.307
-19.270
Others
-18.548
-18.548
5.121.687
4.976.886
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