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33 Shareholders’ equity

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Movements in equity can be specified as follows:

EUR 000

Share capital

Share premium

Legal reserves

Other reserves

Profit for the year

Total equity attributable to equity holders

Balance at 1 October 2019

5,500

14,940

9,337

-3,865

924

26,836

2018/2019 Result appropriation

924

-924

Release from legal reserves

-6,804

6,804

       

Total comprehensive income for the year

      

Profit for 2019/2020

Other comprehensive income for the year

       

Transaction with owners of the Company recognised directly in equity

      

Repayment

-1,870

-1,870

Additions

2,010

2,010

Balance at 30 September 2020

5,500

15,080

2,533

3,863

26,976

       

Balance at 1 October 2020

5,500

15,080

2,533

3,863

26,976

2019/2020 Result appropriation

Release from legal reserves

-326

326

       

Total comprehensive income for the year

      

Profit for 2020/2021

Other comprehensive income for the year

       

Transaction with owners of the Company recognised directly in equity

      

Repayment

-1,510

-1,510

Additions

2,230

2,230

Balance at 30 September 2021

5,500

15,800

2,207

4,189

27,696

Other details of equity are disclosed in Note 19 Group equity to the consolidated financial statements and the consolidated statement of changes in equity.

33.1 Share capital

The Company has an authorised capital of EUR 20,000 (2019/2020: EUR 20,000), which is divided into 800 shares of EUR 25 each (2019/2020: 800 shares of EUR 25 each). The issued share capital consists of 220 (2019/2020: 220) shares at a nominal value of EUR 25 each (2019/2020: EUR 25 each), representing a total nominal value of EUR 5,500 (2019/2020: EUR 5,500). All of the shares are fully paid up.

KPMG N.V. is obliged to distribute all earnings that constitute profits as contractual fees to Coöperatie KPMG U.A. or as dividend, except for the amount the Board of Management proposes to add to the reserves.

33.2 Legal reserves

The legal reserve for participating interests, which amounts to EUR 2,207 (2019/2020: EUR 2,533), pertains to participating interests that are measured at net asset value. The reserve is equal to the share in the results and direct changes in equity (both of which are calculated on the basis of the Company's accounting policies) of the participating interests since the first measurement at net asset value, less the distributions that the Company has been entitled to since the first measurement at net asset value, and less distributions that the Company may affect without restrictions. As to the latter share, this takes into account any profits that may not be distributable by participating interests that are Dutch limited companies based on the distribution tests to be performed by the management of those companies. The legal reserve is determined on an individual basis.

33.3 Other reserves

The other reserves contain the profits of previous years.

33.4 Appropriation of profit

As the Company’s profit totals EUR nil, there is no proposal for profit appropriation.