Consolidated Statements of Changes in Equity

Attributable to owners of the parent
Share
capital
Treasury
shares
Other
reserves
Cash
flow
hedge
reserve
Currency
translation
differences
Availablefor-
sale
financial
assets
Remeasu-rement
of
defined
benefit
plans
Cumulative
share of OCI
of equity
method
investees
Non-controlling
interests
Total
(€ million)
At December 31, 2011 4,466 (289) 3,930 (170) 834 (43) (1,291) (79) 2,353 9,711
Capital increase 22 22
Effect of the conversion of preference and savings shares into ordinary shares 10 (10)
Share-based payments 30 (15) 15
Dividends distributed (40) (18) (58)
Purchase and sale of shares in subsidiaries from/to non-controlling interests 22 1 3 (114) (232) (320)
Net Profit 44 852 896
Other comprehensive income/(loss) 184 (219) 26 (1,136) 39 (795) (1,901)
Other changes 4 4
At December 31, 2012 4,476 (259) 3,935 15 618 (17) (2,541) (40) 2,182 8,369
Capital increase 1 2 1 4
Dividends distributed (1) (1)
Share-based payments 9 9
Net Profit 904 1,047 1,951
Other comprehensive income/(loss) 86 (567) 4 1,784 (94) 1,026 2,239
Distribution for tax withholding obligations on behalf of NCI (6) (6)
Purchase of shares in subsidiaries fromnon-controlling interests — 2 2
Other changes 8 9 17
At December 31, 2013 4,477 (259) 4,860 101 51 (13) (757) (134) 4,258 12,584
Capital increase 2 989 3 994
Merger (4,269) 224 4,045
Mandatory Convertible Securities 1,910 1,910
Exit Rights (193) (224) (417)
Dividends distributed (50) (50)
Share-based payments 35 (31) 4
Net Profit 568 64 632
Other comprehensive income/(loss) (205) 1,198 (24) (303) 48 68 782
Distribution for tax withholding obligations on behalf of NCI (45) (45)
Purchase of shares in subsidiaries fromnon-controlling interests — 1,633 35 175 (518) (3,990) (2,665)
Other changes 4 5 9
At December 31, 2014 17 13,754 (69) 1,424 (37) (1,578) (86) 313 13,738

The accompanying notes are an integral part of the Consolidated financial statements.