The shareholders’ equity attributable to the Group amounted to € 23,565 million, +1.5% compared to € 23,204 million at 31 December 2014. The change was mainly due to:
- the result of the period attributable to the Group, which amounted to € 2,030 million at 31 December 2015;
- the dividend distribution of € -934 million, carried out in 2015;
- other unrealized gains or losses recognized through shareholders’ equity in the current year amounted to € -118 million. More specifically, € -431 million of this was due to deterioration of the item unrealised gains or losses attributable to available for sale and only partially offset by the improvement in the foreign currency translation reserve of 313 million following depreciation of the Euro compared to the main currencies. Finally, the profits resulting from re-measurement of the liabilities for defined benefit plans recorded an improvement of € 162 million, due to the increase in the applicable rates used to discount those liabilities substantially offset by the reduction in the reserve for disposals groups classified as held for sale with respect to the aforementioned exit of the BSI group (equal to € 157 million at 31 December 2014).
Rollforward of Shareholders’ equity
| (in millions of euro) | 31/12/2015 | 31/12/2014 |
|---|---|---|
| Shareholders' equity attributable to the Group at the end of the previous period | 23,204 | 19,778 |
| Result of the period | 2,030 | 1,670 |
| Dividend distributed | -934 | -701 |
| Other comprehensive income | -118 | 3,372 |
| Reserve for unrealized gains and losses on available for sale financial assets | -431 | 3,997 |
| Foreign currency translation differences | 313 | 12 |
| Net unrealized gains and losses on hedging derivatives | -14 | 14 |
| Net unrealized gains and losses on defined benefit plans | 162 | -537 |
| Other net unrealized gains and losses | -149 | -114 |
| Other items | -617 | -915 |
| Shareholders' equity attributable to the Group at the end of the period | 23,565 | 23,204 |