11. Other equity items

 Revaluation reserve from measurement of financial instruments                                            Actuarial gains/losses on post-employment benefits Retained earnings
 Revaluation reserve from measurement of available-for-sale financial assetsRevaluation reserve from measurement of cash flow hedging financial instrumentsReserve capital created in accordance with the Commercial Partnerships and Companies Code, art. 396Reserve capital created from profit in accordance with the StatutesProfit/(loss) from prior years
At 1 January 2014 13 499 (112) 660 17 180 3 058
Dividends paid - - - - - (1 000)
Transfer of profit for 2013 to reserve capital - - - - 2 058 (2 058)
Total comprehensive income: 101 (247) (289) - - 2 414
Profit for the year - - - - - 2 414
Other comprehensive income 101 (247) (289) - - -
Fair value gains after prior impairment 124 - - - - -
Impact of effective cash flow hedging transactions entered into - 227 - - - -
Amount transferred to profit or loss - adjustment due to the reclassification of hedging instruments - (531) - - - -
Actuarial gains/(losses) on post-employment benefits - - (357) - - -
Deferred income tax (23) 57 68 - - -
At 31 December 2014 114 252 (401) 660 19 238 2 414

Based on the Act of 15 September 2000 Commercial Partnerships and Companies Code, the Company is required to create a reserve capital for any potential (future) or existing losses, to which no less than 8% of a given financial year’s profit is transferred until the reserve capital has been built up to no less than one-third of the registered share capital. The reserve capital created in this manner may not be employed otherwise than in covering the loss reported in the financial statements.

As at 31 December 2014 the statutory reserve capital in the Company amounts to PLN 660 million, and is recognised in Reserve capital created in accordance with the Commercial Partnerships and Companies Code, art. 396 in retained earnings.

  Revaluation reserve from measurement of financial instruments Actuarial gains/losses on post-employment benefits Retained earnings, restated
  Revaluation reserve from measurement of available-for-sale financial assets Revaluation reserve from measurement of cash flow hedging financial instruments Reserve capital created in accordance with the Commercial Partnerships and Companies Code, art. 396 Reserve capital created from profit in accordance with the StatutesProfit/(loss) from prior years
At 1 January 2013 -  286 ( 519)  660 14 272 5 224
Dividends paid - - - - - (1 960)
Transfer to reserve capital - - - - 2 908 (2 908)
Offsetting of profit from prior years with the actuarial gains and losses* - -  356 - - ( 356)
Total comprehensive income:  13  213  51 - - 3 058
Profit for the year - - - - - 3 058
Other comprehensive income  13  213  51 - - -
Fair value gains after prior impairment  16 - - - - -
Impact of effective cash flow hedging transactions entered into -  713 - - - -
Amount transferred to profit or loss - adjustment due to the reclassification of hedging instruments - ( 450) - - - -
Actuarial gains/(losses) on post-employment benefits - -  63 - - -
Deferred income tax ( 3) ( 50) ( 12) - - -
At 31 December 2013  13  499 ( 112)  660 17 180 3 058

* On 19 June 2013  the Ordinary General Meeting of  the Company resolved by resolution no. 6/2013 to offset profit from prior years in the amount of PLN 356 million with the negative amount of the reserves arising from actuarial gains and losses in the amount of PLN 356 million which arose due to changes in accounting principles.