RECLASSIFIED(1) GROUP KPIs YEARCHANGE
 20162015%
ROE98.5%30.4%68.1%
ROA8.3%3.5%4.8%
ROCA8.5%1.5%7.0%
Cost/Income ratio(129.2)%31.7%(160.9)%
    
Total Own Funds Capital Ratio15.3%14.9%(2)0.4%
Common Equity Tier 1 Ratio14.7%14.2%(2)0.5%
Number of company shares (in thousands)53,81153,8110.0%
Number of shares outstanding at period end(3) (in thousands)53,43153,0720.7%
Book per share22.8110.81111.0%
EPS12.943.05324.3%
Dividend per share0.820.767.9%
Payout ratio6.4%24.9%(18.5)%

(1) Net value adjustments on receivables of the NPL Area, totalling 32,6 million Euro at 31 December 2016 compared to 3,6 million Euro at 31 December 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.

(2) Total consolidated own funds (amounting to 486.809 million Euro) differ from the amount reported in the consolidated financial statements for the year ended 31 December 2015 (501.809 million Euro) due to the 15 million Euro dividend payout approved by the Shareholders' Meeting of the parent company La Scogliera S.p.A. on 23 March 2016. The consolidated supervisory reports at 31 December 2015, as well as the relevant capital adequacy ratios, had already been adjusted at the end of March 2016 to account for said dividend payout. The data on consolidated Own Funds and capital adequacy ratios account for the impact of said distribution.

(3) Outstanding shares are net of treasury shares held in the portfolio.

 

NORMALISED RECLASSIFIED(1) GROUP KPIsYEARCHANGE
 20162015%
ROE15.5%16.3%(0.8)%
ROA2.5%1.7%0.8%
ROCA2.4%1.5%0.9%
Cost/Income ratio51.9%45.8%6.1%
    
Book per share11.609.2425.5%
EPS1.691.4814.2%
Dividend per share0.820.767.9%
Payout ratio48.8%51.3%(2.5)%
 

(1) Net value adjustments on receivables of the NPL Area, totalling 32,6 million Euro at 31 December 2016 compared to 3,6 million Euro at 31 December 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.