c) 2022
The change in the number of shares in 2022 was as follows:
| In shares | Share capital | Treasury shares | Common shares outstanding |
|---|---|---|---|
| At 01.01.2022 | At 01.01.2022 Share capital 557,672,360 |
At 01.01.2022 Treasury shares (22,260,000) |
At 01.01.2022 Common shares outstanding 535,412,360 |
| Shares cancelled | Shares cancelled Share capital (23,802,871) |
Shares cancelled Treasury shares 23,802,871 |
Shares cancelled Common shares outstanding — |
| Options and free shares exercised | Options and free shares exercised Share capital 1,317,073 |
Options and free shares exercised Treasury shares — |
Options and free shares exercised Common shares outstanding 1,317,073 |
| Treasury shares purchased | Treasury shares purchased Share capital — |
Treasury shares purchased Treasury shares (1,542,871) |
Treasury shares purchased Common shares outstanding (1,542,871) |
| AT 31.12.2022 | AT 31.12.2022 Share capital 535,186,562 |
AT 31.12.2022 Treasury shares — |
AT 31.12.2022 Common shares outstanding 535,186,562 |
The change in treasury shares in 2022 was as follows:
| In shares | Buyback programme | Allocated to free-share plans | Total | € millions |
|---|---|---|---|---|
| At 01.01.2022 | At 01.01.2022 Buyback programme 22,260,000 |
At 01.01.2022 Allocated to free-share plans — |
At 01.01.2022 Total 22,260,000 |
At 01.01.2022 € millions 8,940.0 |
| Shares cancelled | Shares cancelled Buyback programme (23,802,871) |
Shares cancelled Allocated to free-share plans — |
Shares cancelled Total (23,802,871) |
Shares cancelled € millions (9,442.3) |
| Options and free shares exercised | Options and free shares exercised Buyback programme — |
Options and free shares exercised Allocated to free-share plans — |
Options and free shares exercised Total — |
Options and free shares exercised € millions — |
| Treasury shares purchased | Treasury shares purchased Buyback programme 1,542,871 |
Treasury shares purchased Allocated to free-share plans — |
Treasury shares purchased Total 1,542,871 |
Treasury shares purchased € millions 502.3 |
| AT 31.12.2022 | AT 31.12.2022 Buyback programme (260,0000) |
AT 31.12.2022 Allocated to free-share plans — |
AT 31.12.2022 Total (260,0000) |
AT 31.12.2022 € millions — |
The following tables indicate movements in this item:
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Securities at fair value through other comprehensive income | Securities at fair value through other comprehensive income 31.12.2024
|
Securities at fair value through other comprehensive income 31.12.2023
|
Securities at fair value through other comprehensive income 31.12.2022
|
| Reserve at beginning of period | Reserve at beginning of period 31.12.2024 6,561.2 |
Reserve at beginning of period 31.12.2023 6,637.5 |
Reserve at beginning of period 31.12.2022 6,485.4 |
| Changes in fair value over period | Changes in fair value over period 31.12.2024 1,144.9 |
Changes in fair value over period 31.12.2023 (76.3) |
Changes in fair value over period 31.12.2022 152.1 |
| RESERVE AT END OF PERIOD | RESERVE AT END OF PERIOD 31.12.2024 7,706.1 |
RESERVE AT END OF PERIOD 31.12.2023 6,561.2 |
RESERVE AT END OF PERIOD 31.12.2022 6,637.5 |
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Cash flow hedges – foreign exchange | Cash flow hedges – foreign exchange 31.12.2024
|
Cash flow hedges – foreign exchange 31.12.2023
|
Cash flow hedges – foreign exchange 31.12.2022
|
| Reserve at beginning of period | Reserve at beginning of period 31.12.2024 128.5 |
Reserve at beginning of period 31.12.2023 257.3 |
Reserve at beginning of period 31.12.2022 (29.8) |
| Changes in fair value over period | Changes in fair value over period 31.12.2024 1.9 |
Changes in fair value over period 31.12.2023 (184.6) |
Changes in fair value over period 31.12.2022 686.3 |
| Changes in fair value recorded through other comprehensive income | Changes in fair value recorded through other comprehensive income 31.12.2024 (97.5) |
Changes in fair value recorded through other comprehensive income 31.12.2023 55.8 |
Changes in fair value recorded through other comprehensive income 31.12.2022 (399.2) |
| Deconsolidation and other | Deconsolidation and other 31.12.2024 (0.4) |
Deconsolidation and other 31.12.2023 (0.1) |
Deconsolidation and other 31.12.2022 — |
| RESERVE AT END OF PERIOD | RESERVE AT END OF PERIOD 31.12.2024 32.5 |
RESERVE AT END OF PERIOD 31.12.2023 128.5 |
RESERVE AT END OF PERIOD 31.12.2022 257.3 |
The table below shows the impact of an increase or decrease of over 10% in the euro and US dollar against other currencies on the foreign exchange cash flow hedging reserve and the market value of the hedging instruments:
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Impact of a 10% increase in the EUR against all other Group currencies | Impact of a 10% increase in the EUR against all other Group currencies 31.12.2024 551.8 |
Impact of a 10% increase in the EUR against all other Group currencies 31.12.2023 471.5 |
Impact of a 10% increase in the EUR against all other Group currencies 31.12.2022 444.9 |
| Impact of a 10% decrease in the EUR against all other Group currencies | Impact of a 10% decrease in the EUR against all other Group currencies 31.12.2024 (520.2) |
Impact of a 10% decrease in the EUR against all other Group currencies 31.12.2023 (457.2) |
Impact of a 10% decrease in the EUR against all other Group currencies 31.12.2022 (432.8) |
| Impact of a 10% increase in the USD against key Group currencies | Impact of a 10% increase in the USD against key Group currencies 31.12.2024 (94.9) |
Impact of a 10% increase in the USD against key Group currencies 31.12.2023 (143.7) |
Impact of a 10% increase in the USD against key Group currencies 31.12.2022 (196.5) |
| Impact of a 10% decrease in the USD against key Group currencies | Impact of a 10% decrease in the USD against key Group currencies 31.12.2024 126.0 |
Impact of a 10% decrease in the USD against key Group currencies 31.12.2023 157.9 |
Impact of a 10% decrease in the USD against key Group currencies 31.12.2022 206.4 |
