NOTES TO THE FINANCIAL STATEMENTS

23. Other reserves

(all amounts in Euro thousands)

Group	Legal reserve	Special reserve	Contingency reserves	Tax exempt reserves under special laws	Revaluation reserve	Actuarial differences reserve	Currency translation differences on derivative hedging position	Foreign currency translation reserve	Total other reserves
Balance at 1 January 2015	92,587	593,523	266,525	118,875	26,504	-657	41,115	-198,947	939,525
Other comprehensive income	-	-	-	-	1,096	1,658	-	43,962	46,716
Special reserve distributed to shareholders (note 10)	-	-12,695	-	-	-	-	-	-	-12,695
Deferred tax adjustment due to change in income tax rates on revaluation reserves	-	-	-	-	20,793	-	-	-	20,793
Non-controlling interest's put option recognition & transfer between reserves	-	-	-	-	4,262	-	-	-	4,262
Acquisition of non-controlling interest	20	52	-	-	5,657	-	-	-1,307	4,422
Transfer between reserves	505	-11,653	34,550	-1,312	-7,926	-	-	117	14,281
Balance at 31 December 2015	93,112	569,227	301,075	117,563	50,386	1,001	41,115	-156,175	1,017,304
Other comprehensive income/(losses)	-	-	-	-	289	-863	-	-188,007	-188,581
Acquisition of non-controlling interest	1	-	-	-	-	-	-	4	5
Non-controlling interest's put option recognition & transfer between reserves	-	-	-	-	-1,254	-	-	-	-1,254
Transfer between reserves	3,388	3,643	32,219	-23,809	-3,876	-	-	325	11,890
Balance at 31 December 2016	96,501	572,870	333,294	93,754	45,545	138	41,115	-343,853	839,364

Company	Legal reserve	Special reserve	Contingency reserves	Tax exempt reserves under special laws	Revaluation reserve	Actuarial differences reserve	Currency translation differences on derivative hedging position	Total other reserves
Balance at 1 January 2015	68,650	16,245	254,632	105,865	2,662	-165	48,347	496,236
Other comprehensive (losses)/income	-	-	-	-	-154	997	-	843
Special reserve distributed to shareholders (note 10)	-	-12,695	-	-	-	-	-	-12,695
Transfer from retained earnings	1,302	-	33,727	198	-	-	-	35,227
Transfer from share options	-	-	823	-	-	-	-	823
Transfer between reserves	-	-	-	-684	-	-	-	-684
Balance at 31 December 2015	69,952	3,550	289,182	105,379	2,508	832	48,347	519,750
Other comprehensive losses	-	-	-	-	-99	-1,468	-	-1,567
Transfer from retained earnings	2,998	-	31,773	-	-	-	-	34,771
Transfer from share options	-	-	449	-	-	-	-	449
Transfer between reserves	-	-	-	-15,000	-	-	-	-15,000
Balance at 31 December 2016	72,950	3,550	321,404	90,379	2,409	-636	48,347	538,403