Statement of changes in shareholders' equity

(€ million) Equity attributable to Snam Rete Gas
Share capital Consol-
idation reserve
Share premium reserve Legal reserve Cash flow hedge reserve Other reserves Retained earnings Net profit Treasury shares Interim dividend Total Capital and reserves attributable to minority interests Total share-
holders’ equity
Shareholders’ equity at 31 December 2008 1,956 116 391 (31) 795 768 530 (794) (158) 3,573 3,573
Transactions with shareholders:                          
- Increase in share capital 1,614 1,860 (23) 3,451 3,451
- Dividend distribution (€0.14 per share on top of 2008 interim dividend of €0.09 per share) (405) 158 (247)   (247)
- Allocation of 2008 residual net profit 125 (125)
- 2009 interim dividend (€0.06 per share) (203) (203) (203)
- Disposal of treasury shares for stock option plans 2 (2) 2 2 2
1,614 1,862 (2) 102 (530) 2 (45) 3,003 3,003
Comprehensive income for 2009 (21) 732 711 711
Other changes in shareholders’ equity:                      
- Impact of Italgas and Stogit acquisition (1,586) (1,586) 1 (1,585)
- Stock option costs 1 1 1
(1,586) 1 (1,585) 1 (1,584)
Shareholders’ equity at 31 December 2009 (Note 21) 3,570 (1,586) 1,978 391 (52) 794 870 732 (792) (203) 5,702 1 5,703
Transactions with shareholders:
- Dividend distribution (€0.14 per share on top of 2009 interim dividend of €0.06 per share) (675) 203 (472) (472)
- Allocation of 2009 residual net profit 27 30 (57)
- 2010 interim dividend (€0.09 per share) (304) (304) (304)
- Disposal of treasury shares for stock option plans 3 (3) 3 3 3
3 27 (3) 30 (732) 3 (101) (773) (773)
Comprehensive income for 2010 3 1,106 1,109 1,109
Other changes in shareholders’ equity:
- Impact of Italgas and Stogit acquisition (127) (127) (127)
- Difference between book value of shares sold and exercise price of stock options exercised by executives (1) (1) (1)
- Effect of equity-accounted investments 5 5 5
(127) 4 (123) (123)
Shareholders’ equity at 31 December 2010 (Note 21) 3,570 (1,713) 1,981 418 (49) 791 904 1,106 (789) (304) 5,915 1 5,916