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Distribution of profit
At the meeting held on 16th May 2024, the General Assembly approved the following distribution of profits:
Distribution basis
Profits for the financial year (following allocations made to the Education and Promotion Fund, and after taxes) |
134.778 millions of euros |
Interest on shareholder contributions to share capital |
52.897 millions of euros |
Total distributable or net surplus available |
81.881 millions of euros |
Distribution of surplus
Compulsory Reserves Fund |
16.376 millions of euros |
Voluntary Reserves Fund |
50.517 millions of euros |
Education and Promotion Fund - Mandatory |
8.188 millions of euros |
Education and Promotion Fund - Voluntary |
6.800 millions of euros |
Total distributed |
81.881 millions of euros |
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