75 / 148
66
2014
2013
Net profit for the year (thousands of euros)
46,730
46,054
Weighted average number of shares outstanding (thousands of
shares)
225,733
225,733
Basic earnings per share (euros)
0,207
0.204
The diluted earnings per share coincide with basic earnings per share since there are no equity
instruments with a dilutive effect.
24. Proposed distribution of profit
The Parent's directors will propose to the shareholders at the Annual General Meeting that the
profit for 2014 be distributed as follows:
Thousands of euros
2014
Interim Dividends paid in 2014 (0.10 EUR/share)
22,341
To voluntary reserves
28,892
Total
45,233
At the Company's Board of Directors meeting held on 19 November 2014 it was resolved to
distribute out of the Company's profit for 2014 a gross amount of ten euro cents (EUR 0.10)
for each of the shares entitled to receive this interim dividend, implying a total dividend of EUR
22,341 thousand, which were recognised under “Equity - Interim Dividend” in the
accompanying consolidated balance sheet.
The provisional accounting statement prepared in accordance with legal requirements
evidencing the existence of sufficient liquidity for the distribution of the dividends is as follows:
LIQUIDITY STATEMENT FOR THE PAYMENT OF THE 2014 INTERIM DIVIDEND
Thousands of
euros
Liquidity at 31 October 2014
88,843
Projected cash until 31 December 2014:
Current transactions from November to December 2014
10,103
Financial transactions from November to December 2014
-
Projected dividend payment
(20,534)
Projected liquidity at 31 December 2014
78,412
25. Remuneration of the Board of Directors
In 2014 the remuneration earned by the current and former members of the Parent’s Board of
Directors (composed of two women and eleven men) in the form of salaries, attendance fees
and life insurance premiums amounted to EUR 3,940 thousand, EUR 795 thousand and EUR
16 thousand, respectively. In 2012 these remuneration items amounted to EUR 5,538
thousand, EUR 680 thousand and EUR 15 thousand, respectively.