24.1
Selected information on the figures and type of share capital figures is presented below:
31-12-2019 |
31-12-2018 |
31-12-2017 |
|
|---|---|---|---|
Number of fully subscribed and paid up shares (units) (1) |
5,981,438,031 |
5,981,438,031 |
5,981,438,031 |
Par value per share (euros) |
1 |
1 |
1 |
Closing price at year-end (euros) |
2,798 |
3,164 |
3,889 |
Market cap at year-end, excluding treasury shares (2) |
16,727 |
18,916 |
23,262 |
(1) All shares have been recognised by book entries and provide the same rights.
(2) CaixaBank’s shares are traded on the continuous electronic trading system, forming part of the Ibex-35.
On 23 April 2015, the Company's General Meeting approved authorisation of the Board of Directors to increase share capital one or more times and at any moment, over the course of five years starting from the date of said Meeting, by a maximum amount of EUR 2,857,477,950, through the issue of new shares – with or without a premium and with or without a vote –, the equivalent value of new shares to be issued consisting in cash contributions, and with the ability to establish the terms and conditions of the capital increase and the characteristics of the shares, and to freely offer new unsubscribed shares during the period or periods of pre-emptive subscription, establishing that, if the subscription is incomplete, the capital will only be increased by the quantity of subscriptions carried out, and resulting in a rewrite of the By-laws pertaining to capital and shares.
The Board of Directors is authorised to exclude, in full or in part, the pre-emptive subscription right on a maximum total amount of EUR 1,142,991,180 (equivalent to 20% of share capital at the date of the motion, 12 March 2015). Notwithstanding the foregoing, capital increases approved by the Company's Board of Directors to accommodate the conversion of bonds whose issuance has excluded the pre-emptive subscription right, under the framework of the agreement to delegate the power to issue convertible bonds approved by the General Shareholders' Meeting on 28 April 2016, under point 12 of the agenda, will not be subject to said limitation, whereby the limit applicable is half of share capital (EUR 2,857,477,950). The instruments specified in Note 22.3 - Preference shares, have been issued under this delegation agreement.
The breakdown of the balances of these headings is as follows:
31-12-2019 |
31-12-2018 |
31-12-2017 |
|
|---|---|---|---|
Reserves attributable to the parent company of the CaixaBank Group |
11,947 |
11,360 |
10,905 |
Legal reserve (1) |
1,196 |
1,196 |
1,196 |
Restricted reserves for financing the acquisition of treasury shares |
2 |
3 |
4 |
Other restricted reserves (2) |
509 |
509 |
509 |
Unrestricted reserves |
1,088 |
1,165 |
1,225 |
Other consolidation reserves assigned to the parent |
9,152 |
8,487 |
7,971 |
Reserves of fully-consolidated subsidiaries |
(5,806) |
(5,789) |
(5,813) |
Reserves of companies accounted for using the equity method |
373 |
224 |
352 |
Total |
6,514 |
5,795 |
5,444 |
(1) At 2019 year-end, the legal reserve has reached the minimum amount required by the Spanish Corporate Enterprises Act.
(2) Mainly includes reserves associated with the goodwill of Morgan Stanley, Bankpime and Banca Cívica.
The value of shares included in variable share-based remuneration plans (see Note 34) not delivered is as follows:
31-12-2019 |
31-12-2018 |
31-12-2017 |
|
|---|---|---|---|
Value of shares not delivered |
24 |
19 |
10 |
The breakdown of the changes of the balance under this heading is as follows:
2018 |
Adquisition and other |
Disposal and other ** |
2019 *** |
|
|---|---|---|---|---|
Number of treasury shares |
2,805,039 |
2,602,477 |
(2,285,938) |
3,121,578 |
% of share capital * |
0.047% |
0.044% |
(0.038%) |
0.052% |
Cost / Sale |
10 |
8 |
(8) |
10 |
2017 |
Adquisition and other |
Disposal and other ** |
2018 *** |
|
|---|---|---|---|---|
Number of treasury shares |
3,565,959 |
374,732 |
(1,135,652) |
2,805,039 |
% of share capital * |
0.060% |
0.006% |
(0.019%) |
0.047% |
Cost / Sale |
12 |
2 |
(4) |
10 |
2016 |
Adquisition and other |
Disposal and other ** |
2017 |
|
|---|---|---|---|---|
Number of treasury shares |
4,335,865 |
59,634 |
(829,540) |
3,565,959 |
% of share capital * |
0.072% |
0.001% |
(0.014%) |
0.060% |
Cost / Sale |
14 |
0 |
(2) |
12 |
(*) Percentage calculated on the basis of the total number of CaixaBank shares at the end of the respective years.
(**) In 2019, 2018 and 2017, the results of treasury share transactions generated were not significant, being recognised under "Other reserves".
(***) At 31 December 2019 and 2018, does not include 7,515 VidaCaixa shares associated with unit-links, registered under the heading "Financial assets designated at fair value through profit or loss".
Additionally, the number of treasury shares accepted as financial guarantees given by the Group and treasury shares owned by third parties and managed by a Group company were as follows:
|
Portfolio of treasry shares accepted as financial guarantees |
Portfolio treasury shares owned by third parties managed by the Group |
||||
|---|---|---|---|---|---|---|
|
31-12-2019 |
31-12-2018 |
31-12-2017 |
31-12-2019 |
31-12-2018 |
31-12-2017 |
Number of treasury shares |
13 |
12 |
12 |
12 |
19 |
12 |
% of share capital (*) |
0.217% |
0.201% |
0.201% |
0.201% |
0.318% |
0.201% |
Nominal amount |
13 |
12 |
12 |
12 |
19 |
12 |
24.2
The changes to this heading are as follows:
31-12-2018 |
Amounts transferred to the income statement (after taxes) |
Amounts transferred to reserves |
Deferred tax assets / |
Valuation gains / (Losses) (Before tax) |
31-12-2019 |
|
|---|---|---|---|---|---|---|
Items that will not be reclassified to profit or loss |
(1,336) |
|
101 |
45 |
(378) |
(1,568) |
(396) |
|
|
46 |
(124) |
(474) |
|
Share of other recognised income and expense of investments in joint ventures and associates |
(75) |
|
|
|
(8) |
(83) |
Fair value changes of equity instruments measured at fair value with changes in other comprehensive income |
(865) |
|
101 |
(1) |
(246) |
(1,011) |
Items that may be reclassified to profit or loss |
287 |
(261) |
|
(158) |
575 |
443 |
Foreign currency exchange |
2 |
|
|
|
2 |
4 |
Hedging derivatives. Reserve of cash flow hedges |
22 |
(63) |
|
(2) |
9 |
(34) |
Fair value changes of debt instruments measured at fair value with changes in other comprehensive income |
317 |
(198) |
|
(156) |
523 |
486 |
Share of other recognised income and expense of investments in joint ventures and associates |
(54) |
|
|
|
41 |
(13) |
Total |
(1,049) |
(261) |
101 |
(113) |
197 |
(1,125) |
24.3
The breakdown of the balance under this heading is as follows:
31-12-2019 |
31-12-2018 |
31-12-2017 |
|
|---|---|---|---|
Reserves of minority interests |
26 |
(26) |
416 |
Profit / (Loss) attributable to minority interests |
3 |
55 |
35 |
Valuation adjustments attributable to non-controlling interests |
|
|
(17) |
Total |
29 |
29 |
434 |
Of which: Banco BPI (Note 7) |
|
|
402 |
Of which: Telefónica Consumer Finance |
19 |
20 |
21 |
Of which: Inversiones Inmobiliarias Teguise Resort |
8 |
8 |
8 |
Of which: Other |
2 |
1 |
3 |
The following table shows the Group subsidiaries in which certain non-controlling interests held a stake of 10% or more:
|
|
Stake of minority shareholder |
||
|---|---|---|---|---|
Subsidiary |
Minority shareholders |
31-12-2019 |
31-12-2018 |
31-12-2017 |
Inversiones Inmobiliarias Teguise Resort |
Metrópolis Inmobiliarias y Restauraciones |
40% |
40% |
40% |
Grupo Riberebro Integral |
Inversiones Cuevas Villoslada Hermanos |
|
10% |
10% |
Hermanos Ayensa Ambrosi |
|
10% |
10% |
|
Other individuals |
20% |
20% |
20% |
|
Coia Financiera Naval |
Construcciones Navales P. Freire |
21% |
21% |
|
El Abra Financiera Naval |
Astilleros Zamakona |
21% |
21% |
|
Caixabank Electronic Money |
Erste Group Bank |
10% |
10% |
10% |
Telefonica Consumer Finance |
Telefonica |
50% |
50% |
50% |
