Changes in treasury shares were as follows:
| non-inclus | 2023 | 2022 |
|---|---|---|
| Number of shares at beginning of period | 25,790,809 | 24,781,783 |
| Shares repurchased during the period | 3,822,053 | 11,949,984 |
| Shares granted to employees (2019 performance share plan) | (1,821,638) | |
| Shares granted to employees (2020 performance share plan) | (1,949,470) | (2,135) |
| Shares granted to employees (2021 performance share plan) | (680) | (1,700) |
| Shares granted to employees (2022 performance share plan) | (1,130) | (750) |
| Shares granted to employees (2023 performance share plan) | (1,240) | |
| Delivery of shares in connection with the Castor International plan | (721,610) | (514,735) |
| Cancelled treasury shares | (8,700,000) | (8,600,000) |
| Number of shares at end of period | 18,238,732 | 25,790,809 |
At 31 December 2023, the total number of treasury shares held was 18,238,732. These were recognised as a deduction from consolidated equity for €1,419 million.
A total of 13,392,373 shares are allocated to covering long-term incentive plans and employee share ownership transactions and 4,846,359 are intended to be used as payment for acquisitions, sold or cancelled.
At 31 December 2023, VINCI SA’s distributable reserves amounted to €31 billion (€31 billion at 31 December 2022) and its statutory reserve to €151 million (€151 million at 31 December 2022).
The main amounts recognised directly in equity are as follows:
| non-inclus | non-inclus | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| (in € millions) | non-inclus | Attributable to owners of the parent | Attributable to non-controlling interests | Total | Attributable to owners of the parent | Attributable to non-controlling interests | Total | |
| Hedging costs | ||||||||
| Reserve at beginning of period | (27) | 0 | (27) | (43) | (0) | (43) | ||
| Gross reserve before tax effect at end of period | I | (4) | (0) | (4) | (27) | 0 | (27) | |
| Cash flow and net investment hedges | ||||||||
| Reserve at beginning of period | 170 | 1 | 172 | (879) | 1 | (878) | ||
| Changes in fair value of companies accounted for under the equity method | (72) | - | (72) | 505 | - | 505 | ||
| Other changes in fair value in the period | (123) | (2) | (125) | 437 | 1 | 438 | ||
| Fair value items recognised in profit or loss | (174) | - | (174) | 76 | - | 76 | ||
| Changes in consolidation scope and miscellaneous | 2 | 0 | 2 | 31 | (0) | 31 | ||
| Gross reserve before tax effect at end of period | II | (197) | (1) | (197) | 170 | 1 | 172 | |
| of which gross reserve relating to companies accounted for under the equity method | (109) | - | (109) | (37) | - | (37) | ||
| Total gross reserve before tax effects (items that may be recycled to income) | I + II | (200) | (1) | (201) | 143 | 1 | 145 | |
| Associated tax effect | 46 | 0 | 47 | (45) | (0) | (45) | ||
| Reserve net of tax (items that may be recycled to income) | III | (154) | (1) | (154) | 98 | 1 | 99 | |
| Equity instruments | - | |||||||
| Reserve at beginning of period | (2) | (0) | (2) | (1) | (0) | (1) | ||
| Gross reserve before tax effect at end of period | IV | (2) | (0) | (2) | (2) | (0) | (2) | |
| Actuarial gains and losses on retirement benefit obligations | ||||||||
| Reserve at beginning of period | (153) | 57 | (96) | (394) | 31 | (362) | ||
| Actuarial gains and losses recognised in the period | (99) | (51) | (150) | 330 | 34 | 364 | ||
| Associated tax effect | 24 | 13 | 37 | (89) | (9) | (98) | ||
| Changes in consolidation scope and miscellaneous | 2 | 0 | 2 | (0) | (0) | (1) | ||
| Reserve net of tax at end of period | V | (226) | 18 | (207) | (153) | 57 | (96) | |
| Total reserve net of tax (items that may not be recycled to income) | IV + V | (228) | 18 | (210) | (155) | 57 | (98) | |
| Total amounts recognised directly in equity | III + IV + V | (382) | 18 | (364) | (56) | 57 | 1 | |
The amounts recorded directly in equity mainly concern hedging transactions (negative effect of €197 million), comprising:
