2021 UNIVERSAL REGISTRATION DOCUMENT

5. 2021 Consolidated financial statements

€ millions 31.12.2021 31.12.2020 31.12.2019
Other comprehensive income Other comprehensive income31.12.2021

 

Other comprehensive income31.12.2020

 

Other comprehensive income31.12.2019

 

Gross reserve

Gross reserve

31.12.2021

5,757.4

Gross reserve

31.12.2020

4,183.2

Gross reserve

31.12.2019

5,548.8

Associated tax effect

Associated tax effect

31.12.2021

-18.8

Associated tax effect

31.12.2020

121.4

Associated tax effect

31.12.2019

46.9

RESERVE NET OF TAX RESERVE NET OF TAX31.12.20215,738.6 RESERVE NET OF TAX31.12.20204,304.5 RESERVE NET OF TAX31.12.20195,595.8
11.4.  Net profit excluding non-recurring items – Earnings per share
Accounting principles

Earnings per share are calculated in accordance with the rules set out in IAS 33.

Basic earnings per share are obtained on the basis of the weighted average number of shares outstanding during the year, less the average number of treasury shares held deducted from equity.

Where applicable, diluted earnings per share take into account dilutive stock options and free shares in accordance with the “treasury share method”, under which sums collected on exercise or purchase are assumed to be allocated firstly to share buybacks at market price.

11.4.1.  Reconciliation with net profit

Net profit excluding non-recurring items reconciles as follows with net profit attributable to owners of the company:

€ millions 2021 2020 2019
Net profit from attributable to owners of the company Net profit from attributable to owners of the company20214,597.1 Net profit from attributable to owners of the company20203,563.4 Net profit from attributable to owners of the company20193,750.0
Capital gains and losses on tangible and intangible assets

Capital gains and losses on tangible and intangible assets

2021

0.4

Capital gains and losses on tangible and intangible assets

2020

3.5

Capital gains and losses on tangible and intangible assets

2019

-14.0

Impairment of tangible and intangible assets

Impairment of tangible and intangible assets

2021

337.5

Impairment of tangible and intangible assets

2020

89.8

Impairment of tangible and intangible assets

2019

142.8

Restructuring costs

Restructuring costs

2021

149.6

Restructuring costs

2020

382.1

Restructuring costs

2019

120.2

Other

Other

2021

-55.5

Other

2020

233.5

Other

2019

187.5

Tax effect on non-recurring items

Tax effect on non-recurring items

2021

-104.4

Tax effect on non-recurring items

2020

-161.5

Tax effect on non-recurring items

2019

165.0

Non-controlling interests on non-recurring items

Non-controlling interests on non-recurring items

2021

-0.4

Non-controlling interests on non-recurring items

2020

-

Non-controlling interests on non-recurring items

2019

-0.1

Tax effect on acquisitions and internal restructuring

Tax effect on acquisitions and internal restructuring

2021

14.2

Tax effect on acquisitions and internal restructuring

2020

-11.8

Tax effect on acquisitions and internal restructuring

2019

5.5

NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS20214,938.5 NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS20204,099.0 NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS20194,356.9
11.4.2. Earnings per share attributable to owners of the company

The tables below set out earnings per share attributable to owners of the company:

2021 Net profit –attributable to owners of the company (€ millions) Number of shares Earnings per share attributable to owners of the company ()
Earnings per share

Earnings per share

Net profit –attributable to owners of the company

(

€ millions)

4,597.1

Earnings per share

Number of shares

557,600,698

Earnings per share

Earnings per share attributable to owners of the company ()

8.24

Stock options

Stock options

Net profit –attributable to owners of the company

(

€ millions)

-

Stock options

Number of shares

55,463

Stock options

Earnings per share attributable to owners of the company ()

-

Free shares

Free shares

Net profit –attributable to owners of the company

(

€ millions)

-

Free shares

Number of shares

2,135,384

Free shares

Earnings per share attributable to owners of the company ()

-

DILUTED EARNINGS PER SHARE DILUTED EARNINGS PER SHARENet profit –attributable to owners of the company

(

€ millions)
4,597.1
DILUTED EARNINGS PER SHARENumber of shares559,791,545 DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company ()8.21
2020 Net profit –attributable to owners of the company (€ millions) Number of shares Earnings per share attributable to owners of the company ()
Earnings per share

Earnings per share

Net profit –attributable to owners of the company (€ millions)

3,563.4

Earnings per share

Number of shares

559,101,322

Earnings per share

Earnings per share attributable to owners of the company

(

)

6.37

Stock options

Stock options

Net profit –attributable to owners of the company (€ millions)

-

Stock options

Number of shares

274,942

Stock options

Earnings per share attributable to owners of the company

(

)

-

Free shares

Free shares

Net profit –attributable to owners of the company (€ millions)

-

Free shares

Number of shares

2,259,699

Free shares

Earnings per share attributable to owners of the company

(

)

-

DILUTED EARNINGS PER SHARE DILUTED EARNINGS PER SHARENet profit –attributable to owners of the company (€ millions)3,563.4 DILUTED EARNINGS PER SHARENumber of shares561,635,963 DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company

(

)

6.34
2019 Net profit –attributable to owners of the company (€ millions) Number of shares Earnings per share attributable to owners of the company ()
Earnings per share

Earnings per share

Net profit –attributable to owners of the company

(

€ millions)

3,750.0

Earnings per share

Number of shares

559,739,718

Earnings per share

Earnings per share attributable to owners of the company

(

)

6.70

Stock options

Stock options

Net profit –attributable to owners of the company

(

€ millions)

-

Stock options

Number of shares

666,108

Stock options

Earnings per share attributable to owners of the company

(

)

-

Free shares

Free shares

Net profit –attributable to owners of the company

(

€ millions)

-

Free shares

Number of shares

2,407,303

Free shares

Earnings per share attributable to owners of the company

(

)

-

DILUTED EARNINGS PER SHARE DILUTED EARNINGS PER SHARENet profit –attributable to owners of the company

(

€ millions)
3,750.0
DILUTED EARNINGS PER SHARENumber of shares562,813,129 DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company

(

)

6.66