Consolidated statement of changes in shareholders' equity

For the year ended December 31, 2024

Share capital

Share premium reserve

Contrac-tual reserve

Develop-ment fund

Fair value reserve

Actuarial result pensions

Trans-lation reserve

Other reserves

Undistributed result

Non-controlling interests

Total

Balance at January 1, 2023

9,076

29,272

2,659,053

657,981

38,559

-6,533

17,544

43,338

36

-

3,448,326

Exchange differences on associates

-

-

-

-

-

-

-9,452

-

-

-

-9,452

Fair value reserve of equity instruments at FVOCI

-

-

-

-

16,341

-

-

-

-

-

16,341

Actuarial gains/(losses) on defined benefit plans

-

-

-

-

-

-4,227

-

-

-

-

-4,227

Income tax effect other comprehensive income

-

-

-

-

-4,216

1,090

-

-

-

-

-3,126

Total other comprehensive income, net of tax

-

-

-

-

12,125

-3,137

-9,452

-

-

-

-464

Net profit/(loss)1

-

-

62,770

-

-

-

-

36

2,116

-

64,922

Transfer reserves

-

-

-

-

14,524

-

-

-14,524

-

-

-

Dividends

-

-

-

-

-

-

-

-

-

-

-

Balance at December 31, 2023

9,076

29,272

2,721,823

657,981

65,208

-9,670

8,092

28,850

2,152

-

3,512,784

Exchange differences on associates

-

-

-

-

-

-

22,938

-

-

-

22,938

Fair value reserve of equity instruments at FVOCI

-

-

-

-

34,093

-

-

-

-

-

34,093

Actuarial gains/(losses) on defined benefit plans 

-

-

-

-

-

7,129

-

-

-

-

7,129

Income tax effect other comprehensive income

-

-

-

-

-12,543

-1,839

-

-

-

-

-14,382

Total other comprehensive income, net of tax

-

-

-

-

21,550

5,290

22,938

-

-

-

49,778

Changes in Non Controlling Interests

-

-

-

-

-

-

-

-

-

-

-

Changes due to FOM

-

-

-

-

-

-

-

-1,963

-

-

-1,963

Net profit /(loss)1

-

-

286,642

-

-

-

-

-

10,591

-

297,234

Dividend declared 

-

-

-

-

-

-

-

-

-2,152

-

-2,152

Balance at December 31, 2024

9,076

29,272

3,008,465

657,981

86,758

-4,380

31,030

26,887

10,591

-

3,855,680

1 Under the Agreement State-FMO 1 July 2023, part of the net profit is added to the contractual reserve at each financial year-end. The part allocated to the contractual reserve is not distributable.

Changes due to FOM relate to the unwinding of FOM which was liquidated in 2024. Refer to Note 20.

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