4.2.4Consolidated Statement of Changes in Equity

in millions of US$, except shares

Outstanding number of shares

Issued share capital

Share premium reserve

Treasury shares

Retained earnings

Other reserves

Attributable to shareholders

Non-controlling interests

Total Equity

At 1 January 2019

205,671,305

59

1,163

(14)

1,533

(108)

2,634

978

3,612

Profit/(loss) for the period

-

-

-

366

-

366

145

511

Foreign currency translation

(1)

-

0

-

(22)

(23)

0

(23)

Remeasurements of defined benefit provisions

-

-

-

-

1

1

-

1

Cash flow hedges

-

-

-

-

(96)

(96)

(47)

(142)

Total comprehensive income for the period

(1)

-

0

366

(117)

249

98

347

IFRS 2 vesting cost of share based payments

-

-

-

-

17

17

-

17

Re-issuance treasury shares on the share based scheme

0

-

32

(4)

(21)

7

-

7

Purchase of treasury shares

-

-

(196)

-

-

(196)

-

(196)

Share cancellation1

(7,000,000)

(2)

(130)

132

-

-

-

-

-

Cash dividend

-

-

-

(75)

-

(75)

(25)

(100)

Equity repayment

-

-

-

-

-

-

(13)

(13)

Transaction with non-controlling interests

-

-

-

1202

(10)3

111

(174)4

(63)

At 31 December 2019

198,671,305

56

1,034

(46)

1,942

(238)

2,747

865

3,613

  • 1 Following the completion of the share repurchase program in 2019, the Company has cancelled 7 million shares.
  • 2 Includes: (i) US$279 million of acquired non-controlling interest (excl. acquired other reserves for IRS) from Constellation, which is recognized against the purchase price of US$149 million, offset by (ii) the Company's US$11 million purchase option of non-controlling interest in one of its other subsidiaries.
  • 3 Includes US$10 million of aquired hedging reserve of the entities purchased from Constellation.
  • 4 Includes: (i) US$269 million acquisition of non-controlling interest from Constellation, which is offset by (ii) US$95 million equity contribution by partners on entities related to FPSO Sepetiba.

in millions of US$, except shares

Outstanding number of shares

Issued share capital

Share premium reserve

Treasury shares

Retained earnings

Other reserves

Attributable to shareholders

Non-controlling interests

Total Equity

At 31 December 2017

205,671,305

62

1,163

(35)

1,376

(65)

2,501

1,058

3,559

Change in accounting policy - IFRS 9

-

-

-

(4)

-

(4)

(1)

(5)

At 1 January 2018 1

205,671,305

62

1,163

(35)

1,372

(65)

2,497

1,057

3,554

Profit/(loss) for the period

-

-

-

212

-

212

132

344

Foreign currency translation

(3)

-

1

-

(17)

(19)

3

(15)

Remeasurements of defined benefit provisions

-

-

-

-

(4)

(4)

-

(4)

Cash flow hedges

-

-

-

-

(26)

(26)

30

4

Total comprehensive income for the period

(3)

-

1

212

(46)

164

165

329

IFRS 2 vesting cost of share based payments

-

-

-

-

17

17

-

17

Re-issuance treasury shares on the share based scheme

-

-

20

(4)

(14)

2

-

2

Cash dividend

-

-

-

(51)

-

(51)

(73)

(124)

Equity repayment2

-

-

-

-

-

-

(165)

(165)

Transaction with non-controlling interests

-

-

-

1

-

1

(6)

(5)

Other

-

-

-

3

-

3

-

3

At 31 December 2018

205,671,305

59

1,163

(14)

1,533

(108)

2,634

978

3,612

  • 1 Restated.
  • 2 Equity repayment from SBM Stones S.à r.l., Alfa Lula Alto S.à r.l, Beta Lula Central S.à r.l. and Guara Norte S.à.r.l. following shareholders resolution.