6 . 6.3. CHANGES IN SHAREHOLDERS’ EQUITY The share capital comprises 557,672,360 shares with a par value of €0.2 each following transactions carried out in 2021: • subscription of 52,397  shares following the exercise of options, the issue of 5,327  shares for the employee shareholding plan and the grant of 743,056  free shares and cancellation of 3,000,000 shares. Changes in shareholders’ equity are as follows: € millions Share capital Additional paid-in capital 1976 revaluation reserve Reserves and retained earnings Net profit Regulated provisions Total Balance at 31 December 2018 before  appropriation of net profit 112.1 3,070.3 42.5 7,427.7 3,594.9 64.4 14,311.9 Capital increase 0.3 59.9 60.2 Cancellation of shares -0.8 -801.2 -802.0 Appropriation of 2018 net profit 1,418.2 -1,418.2 0.0 Dividends paid for 2018 -2,176.7 -2,176.7 2019 net profit 4,105.8 4,105.8 Other movements during the period -0.1 -14.6 -14.7 Balance at 31 December 2019 before  appropriation of net profit 111.6 3,130.2 42.5 8,044.6 4,105.8 49.8 15,484.5 Capital increase 0.4 129.6 130.0 Cancellation of shares Appropriation of 2019 net profit 1,933.2 -1,933.2 0.0 Dividends paid for 2019 -2,172.6 -2,172.6 2020 net profit 4,158.8 4,158.8 Other movements during the period -0.2 -13.6 -13.8 Balance at 31 December 2020 before  appropriation of net profit 112.0 3,259.8 42.5 9,977.6 4,158.8 36.2 17,586.8 Capital increase 0.1 5.8 5.9 Cancellation of shares -0.6 -1,101.3 -1,101.9 Appropriation of 2020 net profit 1,894.4 -1,894.4 0.0 Dividends paid for 2020 -2,264.4 -2,264.4 2021 net profit 3,860.5 3,860.5 Other movements during the period -0.1 -6.3 -6.4 BALANCE AT 31 DECEMBER 2021 BEFORE  APPROPRIATION OF NET PROFIT 111.5 3,265.6 42.5 10,770.6 3,860.5 29.9 18,080.6 The amount added to reserves for unpaid dividends on some treasury shares held by L’Oréal as well as movements between 1 January and the dividend payment date, on maturing free share plans, stock option exercises and the final number of shares carrying preferential dividend rights, stood at - €2.7 million in 2021, compared with -€6.2 million in 2020 and - €0.7 million in 2019. Regulated provisions mainly consisted of accelerated tax- driven depreciation, which amounted to €29.9  million at 31  December   2021, compared with €36.2  million at 31 December 2020 and €49.8 million at 31 December 2019. Details of option plans and free share plans are provided in note 17. 350 L ’ ORÉAL I UNIVERSAL REGISTRATION DOCUMENT 2021 PARENT COMPANY FINANCIAL STATEMENTS Changes in shareholders’ equity