7. Shareholders’ Equity

The shareholders’ equity in the parent company financial statements equals the shareholders’ equity presented in the consolidated financial statements, except that legal reserves and undistributed result are presented separately.

in thousands of EUR

Share capital

Share premium

Treasury shares

Legal reserve

Retained earnings

Result for the year

Total

At 1 January 2016

254

80,637

- 42,251

10,267

516,883

212,730

778,520

Appropriation of the result

-

-

-

-

212,730

- 212,730

-

Result for 2016

-

-

-

-

-

231,360

231,360

Dividends paid

-

-

-

-

- 35,327

-

- 35,327

Issue of ordinary shares

4,835

- 4,835

-

-

-

-

-

Purchase of treasury shares

-

-

- 2,411

-

-

-

- 2,411

Other direct equity movements

-

-

-

- 29,657

- 3,238

-

- 32,895

Share-based payments

-

- 2,196

10,932

-

- 1,077

-

7,659

Total movements

4,835

- 7,031

8,521

- 29,657

173,088

18,630

168,386

At 31 December 2016

5,089

73,606

- 33,730

- 19,390

689,971

231,360

946,906

For the share-based payment plan refer to note 30 to the consolidated financial statements. Refer to note 22 to the consolidated financial statements for details on the number of issued shares.

The movement in legal reserves mainly results from currency translation adjustments of indirect foreign subsidiaries related to the British Pound Sterling.