| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Cash flow hedges – interest rates | Cash flow hedges – interest rates31.12.2022
|
Cash flow hedges – interest rates31.12.2021
|
Cash flow hedges – interest rates31.12.2020
|
| Reserve at beginning of period | Reserve at beginning of period 31.12.2022— |
Reserve at beginning of period 31.12.2021— |
Reserve at beginning of period 31.12.2020— |
| Changes in fair value over period | Changes in fair value over period 31.12.2022— |
Changes in fair value over period 31.12.2021— |
Changes in fair value over period 31.12.2020— |
| Changes in fair value recorded through other comprehensive income | Changes in fair value recorded through other comprehensive income 31.12.20221.4 |
Changes in fair value recorded through other comprehensive income 31.12.2021— |
Changes in fair value recorded through other comprehensive income 31.12.2020— |
| RESERVE AT END OF PERIOD | RESERVE AT END OF PERIOD31.12.20221.4 | RESERVE AT END OF PERIOD31.12.2021— | RESERVE AT END OF PERIOD31.12.2020— |
| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Actuarial gains/(losses) and impact of asset ceiling | Actuarial gains/(losses) and impact of asset ceiling31.12.2022
|
Actuarial gains/(losses) and impact of asset ceiling31.12.2021
|
Actuarial gains/(losses) and impact of asset ceiling31.12.2020
|
| Reserve at beginning of period | Reserve at beginning of period 31.12.2022-698.3 |
Reserve at beginning of period 31.12.2021-1,283.7 |
Reserve at beginning of period 31.12.2020-1,058.2 |
| Actuarial gains/(losses) over the period | Actuarial gains/(losses) over the period 31.12.2022404.9 |
Actuarial gains/(losses) over the period 31.12.2021584.1 |
Actuarial gains/(losses) over the period 31.12.2020-224.4 |
| Impact of asset ceiling | Impact of asset ceiling 31.12.2022-9.4 |
Impact of asset ceiling 31.12.20211.1 |
Impact of asset ceiling 31.12.2020-1.1 |
| Deconsolidation and other | Deconsolidation and other 31.12.2022— |
Deconsolidation and other 31.12.20210.2 |
Deconsolidation and other 31.12.2020— |
| RESERVE AT END OF PERIOD | RESERVE AT END OF PERIOD31.12.2022-302.8 | RESERVE AT END OF PERIOD31.12.2021-698.3 | RESERVE AT END OF PERIOD31.12.2020-1,283.7 |
| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Other comprehensive income | Other comprehensive income31.12.2022
|
Other comprehensive income31.12.2021
|
Other comprehensive income31.12.2020
|
| Gross reserve | Gross reserve 31.12.20226,592.4 |
Gross reserve 31.12.20215,757.4 |
Gross reserve 31.12.20204,183.2 |
| Associated tax effect | Associated tax effect 31.12.2022-188.1 |
Associated tax effect 31.12.2021-18.8 |
Associated tax effect 31.12.2020121.4 |
| RESERVE NET OF TAX | RESERVE NET OF TAX31.12.20226,404.4 | RESERVE NET OF TAX31.12.20215,738.6 | RESERVE NET OF TAX31.12.20204,304.5 |
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.
Net profit excluding non-recurring items reconciles as follows with net profit attributable to owners of the company:
| € millions | 2022 | 2021 | 2020 |
|---|---|---|---|
| Net profit from attributable to owners of the company | Net profit from attributable to owners of the company20225,706.6 | Net profit from attributable to owners of the company20214,597.1 | Net profit from attributable to owners of the company20203,563.4 |
| Capital gains and losses on property, plant and equipment and intangible assets | Capital gains and losses on property, plant and equipment and intangible assets 20227.4 |
Capital gains and losses on property, plant and equipment and intangible assets 20210.4 |
Capital gains and losses on property, plant and equipment and intangible assets 20203.5 |
| Impairment of property, plant and equipment and intangible assets | Impairment of property, plant and equipment and intangible assets 202239.0 |
Impairment of property, plant and equipment and intangible assets 2021337.5 |
Impairment of property, plant and equipment and intangible assets 202089.8 |
| Restructuring costs | Restructuring costs 2022172.6 |
Restructuring costs 2021149.6 |
Restructuring costs 2020382.1 |
| Other | Other 202222.5 |
Other 2021-55.5 |
Other 2020233.5 |
| Tax effect on non-recurring items | Tax effect on non-recurring items 2022-52.6 |
Tax effect on non-recurring items 2021-104.4 |
Tax effect on non-recurring items 2020-161.5 |
| Non-controlling interests on non-recurring items | Non-controlling interests on non-recurring items 2022— |
Non-controlling interests on non-recurring items 2021-0.4 |
Non-controlling interests on non-recurring items 2020— |
| Tax effect on acquisitions and internal restructuring | Tax effect on acquisitions and internal restructuring 2022158.5 |
Tax effect on acquisitions and internal restructuring 202114.2 |
Tax effect on acquisitions and internal restructuring 2020-11.8 |
| NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS | NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS20226,054.1 | 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 |
The tables below set out earnings per share attributable to owners of the company:
| 2022 | 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)5,706.6 |
Earnings per share Number of shares535,898,659 |
Earnings per share Earnings per share attributable to owners of the company (€)10.65 |
| Stock options | Stock options Net profit – attributable to owners of the company (€ millions)— |
Stock options Number of shares— |
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 shares1,758,889 |
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)5,706.6 | DILUTED EARNINGS PER SHARENumber of shares537,657,548 | DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company (€)10.61 |
