Year 2017

17. Equity

 

Shares and shareholders

EUR million

2017

2016

2015

restated

Share capital

70.0

70.0

70.0

General purpose reserve

142.7

142.7

142.7

Fair value reserve

-0.8

0.1

0.1

Translation differences

-90.6

-83.5

-103.6

Retained earnings

370.9

479.2

474.0

Equity attributable to the shareholders of the parent company

492.3

608.4

583.2

Non-controlling interests

0.3

-

-

Total equity

492.6

608.4

583.2

       

Share capital

     

Posti Group Corporation has one class of ordinary shares. The total number of shares is 40,000,000 as of December 31, 2017, 2016 and 2015 which are all hold by the Finnish State. The shares do not have a nominal value. Posti Group Corporation's share capital amounts to EUR 70,000,000 for all periods presented. All issued shares have been paid in full.

       

General purpose reserve

     

The general purpose reserve amounts to EUR 142.7 million and includes reserves transferred from the share premium to the reserve. The reserve is included in the distributable funds of the Group's parent company.

       

Fair value reserve

     

Changes in the fair value of available-for-sale financial assets and valuation of derivatives hedging foreign currency risk and interest rate risk (cash flow hedge) are recognized in the fair value reserve.

       

Translation difference

     

Translation differences include the differences resulting from the translation of foreign units' financial statements and net investments in foreign currencies.

       

Consolidated statement of changes in equity contains additional information on changes in equity items.

       

Distributable funds

The distributable funds of the Group's parent company Posti Group Corporation:

       

EUR million

2017

2016

2015

General purpose reserve

142.7

142.7

142.7

Retained earnings

337.6

406.3

567.4

Total distibutable funds

480.3

549.0

710.1