5 . 5.4. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY € millions Common shares outstanding Capital Additional paid-in capital Retained earnings and net profit Other compre - hensive income Treasury shares Cumulative translation adjustments Equity attributable to owners of the company Non- controlling interests Total equity At 31.12. 2018  559,625,527 112.1 3,070.3 19,847.8 4,242.1 - 56.5 - 287.4 26,928.4 5.2 26,933.6 Changes in accounting policy at 01.01.2019 -81.5 -81.5 -81.5 At 01.01.20 19 (1) 559,625,527 112.1 3,070.3 19,766.3 4,242.1 -56.5 - 287.4 26,847.0 5.2 26,852.2 Consolidated net profit for the period 3,750.0 3,750.0 5.2 3,755.2 Cash flow hedges 1.1 1.1 -0.1 1.0 Cumulative translation adjustments 174.1 174.1 174.1 Hyperinflation 14.1 14.1 14.1 Other comprehensive income that may be reclassified to profit and loss 1.1 188.2 189.3 - 0.1 189.2 Financial assets at fair value through other comprehensive income 1,598.9 1,598.9 1,598.9 Actuarial gains and losses -246.3 -246.3 -246.3 Other comprehensive income that may not be reclassified to profit and loss 1,352.6 1,352.6 1,352.6 Consolidat ed comprehensive income 3,750.0 1,353.7 188.2 5,291.9 5.1 5,297.0 Capital increase 1,491,678 0.3 59.9 - 0.1 60.0 60.0 Cancellation of Treasury shares -0.8 -803.0 803.8 — Dividends paid (not paid on Treasury shares) -2,176.7 -2,176.7 -3.6 -2,180.3 Share-based payment 144.4 144.4 144.4 Net changes in Treasury shares -3,000,000 -747.3 -747.3 -747.3 Changes in the scope of consolidation Other movements -0.1 -0.1 -0.1 At 31.12.2019 558,117,205 111.6 3,130.2 20,681.0 5,595.8 -99.2 29,419.3 6.7 29,426.0 Consolidated net profit for the period 3,563.4 3,563.4 4.2 3,567.6 Cash flow hedges 105.6 105.6 0.2 105.8 Cumulative translation adjustments -801.8 -801.8 -0.3 -802.1 Hyperinflation 11.9 11.9 11.9 Other comprehensive income that may be reclassified to profit and loss 105.6 -789.9 - 684.3 - 0.1 - 684.4 Financial assets at fair value through other comprehensive income -1,228.8 -1,228.8 -1,228.8 Actuarial gains and losses -168.1 -168.1 -168.1 Other comprehensive income that may not be reclassifie d to profit and loss -1,396.9 -1,396.9 -1,396.9 Consolidated comprehensive income 3,563.4 - 1,291.3 -789.9 1,482.1 4.2 1,486.3 Capital increase 1,754,375 0.4 129.6 - 0.2 129.8 129.8 Cancellation of Treasury shares — Dividends paid (not paid on Treasury shares) -2,172.6 -2,172.6 -4.9 -2,177.5 Share-based payment 129.7 129.7 129.7 Net changes in Treasury shares — Changes in the scope of consolidation — Other movements 4.8 4.8 -0.1 4.7 At 31.12. 2020 559,871,580 112.0 3,259.8 22,206.0 4,304.5 — - 889.1 28,993.0 5.8 28,998.8 (1) After taking account of the change in accounting policy pertaining to IFRS 15 “Revenue from Contracts with Customers” (note 1). 288 L ’ ORÉAL I UNIVERSAL REGISTRATION DOCUMENT 2021 2021 CONSOLIDATED FINANCIAL STATEMENTS Consolidated statements of changes in equity