26. Reserves
The reconciliation of the movements in reserves is as follows:
|
In millions of Euro |
Other reserves |
Hedging reserve |
Share-based payment reserve |
Total reserves |
|---|---|---|---|---|
|
Balance at 31 December 2022 |
- |
- |
- |
- |
|
Acquired through business combinations |
- |
- |
- |
- |
|
Translation movements |
(28.1) |
1.1 |
- |
(27.0) |
|
Hedging reserve |
- |
- |
- |
- |
|
Balance at 31 December 2023 |
(28.1) |
1.1 |
- |
(27.0) |
|
In millions of Euro |
Other reserves |
Hedging reserve |
Share-based payment reserve |
Total reserves |
|---|---|---|---|---|
|
Balance at 31 December 2023 |
(28.1) |
1.1 |
- |
(27.0) |
|
Translation movements |
3.3 |
- |
(1.2) |
2.1 |
|
Hedging reserve |
- |
(7.2) |
- |
(7.2) |
|
Balance at 31 December 2024 |
(24.8) |
(6.1) |
(1.2) |
(32.1) |
The reserves are not available for distribution to shareholders.
Other reserves
Other reserves comprise all foreign currency differences arising from the translation of the financial statements of foreign operations.
Hedging reserve
Hedging reserves comprise the effective portion of the cumulative net change in the fair value of hedging instruments used in cash flow hedges, pending their subsequent recognition in profit or loss.