Statement of shareholders’ equity
For the years ended 31 December
| Download |
USD millions |
2015 |
2016 |
||
|
||||
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 |
||
Common shares |
|
|
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Balance as of 1 January |
35 |
35 |
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Issue of common shares |
|
|
||
Cancellation of shares bought back |
|
–1 |
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Balance as of period end |
35 |
34 |
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Additional paid-in capital |
|
|
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Balance as of 1 January |
1 806 |
482 |
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Cancellation of shares bought back |
|
–176 |
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Share-based compensation |
17 |
2 |
||
Realised gains/losses on treasury shares |
–61 |
33 |
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Dividends on common shares1 |
–1 280 |
|
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Balance as of period end |
482 |
341 |
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Treasury shares, net of tax |
|
|
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Balance as of 1 January |
–1 185 |
–1 662 |
||
Purchase of treasury shares |
–584 |
–1 190 |
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Cancellation of shares bought back |
|
1 018 |
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Issuance of treasury shares, including share-based compensation to employees |
107 |
71 |
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Balance as of period end |
–1 662 |
–1 763 |
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Net unrealised investment gains/losses, net of tax |
|
|
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Balance as of 1 January |
5 418 |
2 748 |
||
Changes during the period |
–2 670 |
1 711 |
||
Balance as of period end |
2 748 |
4 459 |
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Other-than-temporary impairment, net of tax |
|
|
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Balance as of 1 January |
–3 |
–11 |
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Changes during the period |
–8 |
6 |
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Balance as of period end |
–11 |
–5 |
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Cash flow hedges, net of tax |
|
|
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Balance as of 1 January |
0 |
0 |
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Changes during the period |
|
–7 |
||
Balance as of period end |
0 |
–7 |
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Foreign currency translation, net of tax |
|
|
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Balance as of 1 January |
–4 675 |
–5 687 |
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Changes during the period |
–1 012 |
–387 |
||
Balance as of period end |
–5 687 |
–6 074 |
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Adjustment for pension and other post-retirement benefits, net of tax |
|
|
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Balance as of 1 January |
–825 |
–1 016 |
||
Changes during the period |
–191 |
–119 |
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Balance as of period end |
–1 016 |
–1 135 |
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Retained earnings |
|
|
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Balance as of 1 January |
34 257 |
37 526 |
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Net income after attribution of non-controlling interests |
4 665 |
3 626 |
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Interest on contingent capital instruments, net of tax |
–68 |
–68 |
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Dividends on common shares1 |
–1 328 |
–1 561 |
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Cancellation of shares bought back |
|
–841 |
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Balance as of period end |
37 526 |
38 682 |
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Shareholders’ equity |
33 517 |
35 634 |
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Non-controlling interests |
|
|
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Balance as of 1 January |
111 |
89 |
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Changes during the period |
–25 |
–4 |
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Income attributable to non-controlling interests |
3 |
–3 |
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Balance as of period end |
89 |
82 |
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Total equity |
33 606 |
35 716 |
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The accompanying notes are an integral part of the Group financial statements.