32 Shareholders' equity

In the totals, the company does not recognise any difference between the shareholders' equity according to the consolidated annual accounts and the shareholders' equity according to the company annual accounts. The statutory reserves (revaluation reserve, hedging reserve and exchange rate differences reserve) are not freely distributable.

Paid-up and called-up capital

The company's authorised share capital amounts to EUR 1,589.0 million and is divided into 3.5 million shares, each with a nominal value of EUR 454. In 2013 a total of 754 shares were issued as stock dividend (2012: 0). The number of outstanding and fully paid shares at the end of the financial year amounted to 1,099,682 shares (2012: 1,098,928).

For a further explanation of the share capital and dividend please refer to note 11, shareholders' equity, of the consolidated annual accounts.

Share premium reserve

Movements in the share premium reserve are shown in the following table.

Statutory revaluation reserve

Movements in the statutory revaluation reserve are shown in the following table.

Pursuant to Title 9, Book 2 of the Dutch Civil Code the revaluations of investment property are recognised to the revaluation reserve, in so far as the cumulative revaluations for each individual asset are positive.

Statutory hedging reserve

Movements in the statutory hedging reserve are shown in the following table.

The movement in the statutory hedging reserve concerns only the effective part of the movements in value of interest derivatives.

Statutory exchange rate differences reserve

Movements in the statutory exchange rate differences reserve are shown in the following table.

The movement in the statutory exchange rate differences reserve concerns the foreign exchange rate differences arising from translation of foreign operations, as well as the effective part of the movement in value of currency derivatives.

Other reserves

Movements in the other reserves are shown in the following table.