F.9. Shareholder’s equity
| In CZK million, as at 31 December | 2016 | 2015 restated |
|---|---|---|
| Share capital | 4,000 | 4,000 |
| Currency translation differences | 1 | – |
| Reserve for unrealised gains and losses on investments vailable-for-sale | 5,875 | 5,071 |
| Reserve for currency translation differences | – | 3 |
| Statutory reserve fund | 800 | 800 |
| Retained earnings brought forward | 11,867 | 11,469 |
| Net profit for the year | 4,171 | 4,024 |
| Total | 26,714 | 25,367 |
The following table provides details on reserves for unrealised gains and losses on investments available-for-sale.
| In CZK million, for the year ended 31 December | 2016 | 2015 |
|---|---|---|
| Balance as at 1 January | 5,071 | 4,037 |
| Gross revaluation as at the beginning of the year | 6,256 | 4,979 |
| Tax on revaluation as at the beginning of the year | (1,185) | (942) |
| Revaluation gain/loss in equity – gross | 1,665 | 1,404 |
| Revaluation gain/loss on realisation in income statement – gross | (1,004) | (496) |
| Impairment losses – gross | 330 | 369 |
| Tax on revaluation | (188) | (243) |
| Gross revaluation as at the end of the year | 7,247 | 6,256 |
| Tax on revaluation as at the end of the year (Note F.24.2) | (1,372) | (1,185) |
| Balance as at 31 December | 5,875 | 5,071 |
F.9.1. Share capital
There are no preferences or restrictions attached to the shares of the Company. The following table provides details of ordinary shares.
| As at 31 December | 2016 | 2015 |
|---|---|---|
| Number of shares authorised, issued and fully paid | 40,000 | 40,000 |
| Par value per share (CZK) | 100,000 | 100,000 |
F.9.2. Dividends
The sole shareholder approved on 29 April 2016 the distribution of a prior year profit of the Company in the amount of CZK 4,092 million. CZK 408 million was transferred to retained earnings and CZK 3,684 million was paid in the form of dividend of CZK 92,100 per each share in the nominal value of CZK 100,000.
The sole shareholder approved on 30 April 2015 the distribution of a prior year profit of the Company in the amount of CZK 3,636 million. CZK 364 million was transferred to retained earnings and CZK 3,272 million was paid in the form of dividend of CZK 81,800 per each share in the nominal value of CZK 100,000.