2018 Credit Presentation
Ordinary shareholders' equity and TNAV
2018 Credit Presentation
2017
2018
Movement in ordinary shareholders' equity
(Єm)
(€m)
Ordinary shareholders' equity at beginning of period
8,612
8,859
Movements:
Profit attributable to shareholders
Impact of adopting IFRS 9
664
620
(31)
Dividend paid to ordinary shareholders (2017 dividend of 11.5c per share)
(124)
Dividends on preference equity interests
(4)
Distribution on other equity instruments - additional tier 1 coupon (net of tax)
(24)
Remeasurement of the net defined benefit pension liability
(113)
129
Debt instruments at FVOCI reserve movements
133
Available for sale (AFS) reserve movements
(9)
(341)
Cash flow hedge reserve movement
Foreign exchange movements
Other movements
Ordinary shareholders' equity at end of period
(115)
(51)
(147)
10
39
8,859
9,243
Tangible net asset value
Dec 17
(€m)
Ordinary shareholders' equity at the end of period
Adjustments:
8,859
Dec 18
(€m)
9,243
Intangible assets and goodwill
(779)
(802)
Own stock held for benefit of life assurance policyholders
Tangible net asset value (TNAV)
33
25
8,113
8,466
Number of ordinary shares in issue at the end of the period
1,079
1,079
TNAV per share (€)
€7.52
€7.85
Bank of Ireland
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