Statement of shareholders’ equity
For the years ended 31 December
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USD millions |
2014 |
2015 |
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|
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Contingent capital instruments |
|
|
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Balance as of 1 January |
1 102 |
1 102 |
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Issued |
|
|
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Balance as of period end |
1 102 |
1 102 |
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Common shares |
|
|
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Balance as of 1 January |
35 |
35 |
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Issue of common shares |
|
|
||
Balance as of period end |
35 |
35 |
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Additional paid-in capital |
|
|
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Balance as of 1 January |
4 963 |
1 806 |
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Share-based compensation |
–34 |
17 |
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Realised gains/losses on treasury shares |
6 |
–61 |
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Dividends on common shares1 |
–3 129 |
–1 280 |
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Balance as of period end |
1 806 |
482 |
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Treasury shares, net of tax |
|
|
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Balance as of 1 January |
–1 099 |
–1 185 |
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Purchase of treasury shares |
–223 |
–584 |
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Issuance of treasury shares, including share-based compensation to employees |
137 |
107 |
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Balance as of period end |
–1 185 |
–1 662 |
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Net unrealised investment gains/losses, net of tax |
|
|
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Balance as of 1 January |
1 622 |
5 418 |
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Changes during the period |
3 796 |
–2 670 |
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Balance as of period end |
5 418 |
2 748 |
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Other-than-temporary impairment, net of tax |
|
|
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Balance as of 1 January |
–6 |
–3 |
||
Changes during the period |
3 |
–8 |
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Balance as of period end |
–3 |
–11 |
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Foreign currency translation, net of tax |
|
|
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Balance as of 1 January |
–3 897 |
–4 675 |
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Changes during the period |
–778 |
–1 012 |
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Balance as of period end |
–4 675 |
–5 687 |
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Adjustment for pension and other post-retirement benefits, net of tax |
|
|
||
Balance as of 1 January |
–534 |
–825 |
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Changes during the period |
–291 |
–191 |
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Balance as of period end |
–825 |
–1 016 |
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Retained earnings |
|
|
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Balance as of 1 January |
30 766 |
34 257 |
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Net income after attribution of non-controlling interests |
3 569 |
4 665 |
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Interest on contingent capital instruments, net of tax |
–69 |
–68 |
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Purchase of non-controlling interests |
–9 |
|
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Dividends on common shares1 |
|
–1 328 |
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Balance as of period end |
34 257 |
37 526 |
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Shareholders’ equity |
35 930 |
33 517 |
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Non-controlling interests |
|
|
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Balance as of 1 January |
25 |
111 |
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Changes during the period |
86 |
–25 |
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Income attributable to non-controlling interests |
|
3 |
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Balance as of period end |
111 |
89 |
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Total equity |
36 041 |
33 606 |
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The accompanying notes are an integral part of the Group financial statements.