Annual Report 2015

27. Equity

 

Shares and shareholders

     

EUR million

2015

2014

Share capital

70.0

70.0

     

The Finnish State holds all Posti Group Corporation's shares totaling 40,000,000. Other reserves include assets transferred from the share premium under restricted equity to the contingency reserve based on the AGM’s decision in 1998, when Finland PT Group demerged. In accordance with the Articles of Association the contingency reserve is a distributable reserve. The change of fair value of available-for-sale financial assets and valuation of derivatives hedging foreign currency risk of rental expenses are recognized in the fair value reserve. 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 equity changes.