Annual Report - EDP

: financial report :EDP - Energias de PortugalConsolidated Statement of Changes in Equity as at31 December 2012 and 2011EquityFair value Fair value attributableReserves reserve reserve to equityTotal Share Share Legal and retained (Cash flow (AFS Exchange Treasury holders of Non-controllingThousands of Euros Equity capital premium reserve earnings hedge) investments) differences stock EDP InterestsBalance as at 31 December 2010 10,784,959 3,656,538 503,923 502,888 2,794,322 35,111 164,684 312,823 -115,731 7,854,558 2,930,401Comprehensive income:Net profit for the year 1,331,979 - - - 1,124,663 - - - - 1,124,663 207,316Changes in the fair value reserve (cash flow hedge)net of taxes -72,055 - - - - -63,878 - - - -63,878 -8,177Changes in the fair value reserve (available for saleinvestments) net of taxes -124,294 - - - - - -123,708 - - -123,708 -586Actuarial gains/(losses) net of taxes 20,946 - - - 35,588 - - - - 35,588 -14,642Exchange differences arising on consolidation -254,045 - - - - - - -124,506 - -124,506 -129,539Total comprehensive income for the year 902,531 - - - 1,160,251 -63,878 -123,708 -124,506 - 848,159 54,372Transfer to legal reserve - - - 36,257 -36,257 - - - - - -Dividends paid -616,581 - - - -616,581 - - - - -616,581 -Dividends attributable to non-controlling interests -123,441 - - - - - - - - - -123,441Purchase and sale of treasury stock 1,141 - - - -1,114 - - - 2,255 1,141 -Share-based payments 2,046 - - - - - - - 2,046 2,046 -Changes resulting from acquisitions/sales andequity increases 41,477 - - - 1,310 - - - - 1,310 40,167Sale without loss of control of EDP Brasil 395,220 - - - 84,329 1,679 384 -66,848 - 19,544 375,676Other reserves arising on consolidation -573 - - - -643 - - - - -643 70Balance as at 31 December 2011 11,386,779 3,656,538 503,923 539,145 3,385,617 -27,088 41,360 121,469 -111,430 8,109,534 3,277,245Comprehensive income:Net profit for the year 1,182,155 - - - 1,012,483 - - - - 1,012,483 169,672Changes in the fair value reserve (cash flow hedge)net of taxes -71,536 - - - - -57,895 - - - -57,895 -13,641Changes in the fair value reserve (available for saleinvestments) net of taxes 2,760 - - - - - 2,582 - - 2,582 178Actuarial gains/(losses) net of taxes -140,411 - - - -109,847 - - - - -109,847 -30,564Exchange differences arising on consolidation -268,926 - - - - - - -95,270 - -95,270 -173,656Total comprehensive income for the year 704,042 - - - 902,636 -57,895 2,582 -95,270 - 752,053 -48,011Transfer to legal reserve - - - 39,290 -39,290 - - - - - -Dividends paid -670,549 - - - -670,549 - - - - -670,549 -Dividends attributable to non-controlling interests -170,354 - - - - - - - - - -170,354Purchase and sale of treasury stock -857 - - - -6,565 - - - 5,708 -857 -Share-based payments 2,051 - - - 35 - - - 2,016 2,051 -Sale without loss of control of Vento II (EDPR NA) 176,122 - - - 3,113 -1,135 - -2,470 - -492 176,614Changes resulting from acquisitions/sales andequity increases 4,311 - - - - - - 553 - 553 3,758Other reserves arising on consolidation 123 - - - 75 - - -14 - 61 62Balance as at 31 December 2012 11,431,668 3,656,538 503,923 578,435 3,575,072 -86,118 43,942 24,268 -103,706 8,192,354 3,239,314LISBON, 5 MARCH 2013THE OFFICIAL ACCOUNTANT THE MANAGEMENT THE EXECUTIVE BOARD OF DIRECTORSN.º 17,713The following notes form an integral part of these consolidated financial statementsThe following notes form an integral part of these financial statementsEDP - Annual Report 2012163