The following is a reconciliation of the Group’s net result and equity at the end of the year with the equivalent figures for the Holding Company:
Net result for the year
| (in millions of Euro) | 2016 | 2015 |
|---|---|---|
| Net result per Sogefi S.p.A. financial statements | 27.7 | (6.8) |
| Group share of results of subsidiary companies included in the consolidated financial statements | 38.8 | 25.0 |
| Elimination of Sogefi S.p.A. dividends | (39.8) | (17.0) |
| Elimination of unrealized gains deriving from intercompany transactions and other consolidation adjustments, net of the related deferred taxation | (17.4) | (0.1) |
| NET RESULT PER CONSOLIDATED FINANCIAL STATEMENTS | 9.3 | 1.1 |
Shareholders' equity
| (in millions of Euro) | 12.31.2016 | 12.31.2015 |
|---|---|---|
| Shareholders' equity per Sogefi S.p.A. financial statements | 197.9 | 167.5 |
| Group share of excess equity value of investments in consolidated companies over carrying value in Sogefi S.p.A. financial statements | (29.9) | (19.2) |
| Elimination of unrealized gains deriving from intercompany transactions and other consolidation adjustments, net of the related deferred taxation | 4.9 | 22.5 |
| SHAREHOLDERS' EQUITY PER CONSOLIDATED FINANCIAL STATEMENTS | 172.9 | 170.8 |