26. Reserves
The reconciliation of the movements in reserves is as follows:
|
In millions of Euro |
Other reserves |
Hedging reserve |
Total reserves |
|---|---|---|---|
|
Balance at 31 December 2023 |
(28.1) |
1.1 |
(27.0) |
|
Balance at 31 December 2022 |
- |
- |
- |
|
Acquired through business combinations |
- |
- |
- |
|
Translation movements |
(28.1) |
- |
(28.1) |
|
Hedging reserve |
- |
1.1 |
1.1 |
The reserves are not available for distribution to shareholders.
Other reserves
Other reserves comprises all foreign currency differences arising from the translation of the financial statements of foreign operations and share base payment reserve.
Hedging reserve
Hedging reserves are comprise effective portion of cumulative net change in the fair value of hedging instruments used in cash flow hedges, pending subsequent recognition in profit or loss.