20.5 Retained earnings and limitations to payment of a dividend

Clients

Natural environment

Public affairs

Investors

Local communities

Employees

Social contribution



Non-distributable retained earnings concern amounts which cannot be paid in the form of dividends.

  As at December 31, 2016 As at December 31, 2015
Amounts included in retained earnings not subject to distribution by the parent company    
Retained earnings of subsidiaries, attributable to equity holders of the parent company, including consolidation adjustments 8,040 6,872
Profit/loss recognized by the parent company in retained earnings through other comprehensive income (4) (4)
Retained earnings of the parent company subject to distribution 1,598 1,768
TOTAL RETAINED EARNINGS PRESENTED IN THE STATEMENT OF FINANCIAL POSITION 9,634 8,636
note_20.5_table_1_pge.xlsx

For information regarding limitations to payment of dividends from reserve capital please refer to 20.4 of these financial statements. As at December 31, 2016 there were no other limitations to payment of dividends.