Dividends are recognized in equity in the reporting period in which they are declared.
The movements in Retained Earnings can be specified as follows:
in thousands of EUR
at 1 January
Result for the year
Acquisition of non-controlling interest
At 31 December
GrandVision will not propose at this time a dividend for the fiscal year 2020.
Contingent upon the Company's financial position not being materially worsened due to the impact of the second wave of COVID-19 in 1Q 2021, GrandVision confirms its intention to propose a dividend for the amount of €88,779 (€0.35 per share) for the fiscal year 2019 at the Annual General Meeting on 23 April 2021.
In 2019 , a total dividend of EUR 0.33 per share was paid out for a total of €83,743 for the year 2018.