3. Shareholders’ Equity

The shareholders’ equity in the parent company financial statements equals the shareholders’ equity presented in the consolidated financial statements, except that legal reserves and undistributed result are presented separately.

in thousands of EUR

Share capital

Share premium

Treasury shares

Legal reserve

Retained earnings

Result for the year

Total

At 1 January 2015

254

48,106

-

23,576

389,751

161,203

622,890

Appropriation of the result

-

-

-

-

161,203

- 161,203

-

Result for 2015

-

-

-

-

-

212,730

212,730

Purchase of treasury shares

-

-

- 51,074

-

-

-

- 51,074

Actuarial gains/ (losses)

-

-

-

-

360

-

360

Other direct equity movements

-

-

-

- 13,309

896

-

- 12,413

Dividends paid

-

-

-

-

- 35,327

-

- 35,327

Long-term incentive plan

-

32,531

8,823

-

-

-

41,354

Total movements

-

32,531

- 42,251

- 13,309

127,132

51,527

155,630

At 31 December 2015

254

80,637

- 42,251

10,267

516,883

212,730

778,520

For the long-term incentive plan refer to note 30 to the consolidated financial statements.