24. Retained Earnings
in thousands of EUR | 2016 | 2015 | |
|---|---|---|---|
At 1 January | 786,428 | 616,130 | |
Acquisitions of subsidiaries and non-controlling interest | - | - 2,492 | |
Result for the year | 231,360 | 212,730 | |
Dividends paid | - 35,327 | - 35,327 | |
Change of pension plan | - | - 2,766 | |
Share-based payments | - 1,077 | - 1,847 | |
At 31 December | 981,384 | 786,428 | |
For 2016, it is proposed to the General Meeting to distribute a total dividend of €78,363 or EUR 0.31 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 11 May 2017.
A final dividend for 2015 of EUR 0.14 per share was paid out in the first half year of 2016 for a total of €35,327. An interim dividend for 2015 for an equal amount was paid out in September 2015.
Acquisition of subsidiaries and non-controlling interest in 2015 is mainly related to the purchase of the non-controlling shares in China.