Capital and reserves
Assets minus liabilities — the part of the company that genuinely belongs to its owners.
Capital and reserves brings together subscribed capital, share premium, the legal reserve, other reserves, profit or loss brought forward from earlier years, and the result for the current year.
Every Luxembourg capital company must put at least 5% of its annual result into the legal reserve until that reserve reaches 10% of subscribed capital. The reserve is unavailable: it cannot be distributed.
Negative equity means liabilities exceed assets. Where net assets fall below half of subscribed capital, the law requires the owners to be convened to decide whether the company should be wound up. It is one of the few figures in a public filing with a direct legal consequence.
Capital and reserves in figures
Values from published annual reports. 146,543 companies could be ranked — a company that did not report this figure is not in the list.
- 1VOLKSWAGEN FINANCE LUXEMBURG S.A.€83,229,661,160
- 2Johnson Controls Luxembourg European Finance S.à r.l.€66,810,460,048
- 3VOLKSWAGEN INTERNATIONAL LUXEMBURG S.A.€62,692,122,263
- 4EXXONMOBIL LUXEMBOURG ET CIE€62,154,139,653
- 5Accenture International€59,374,646,019
Where this figure comes from
Read from the “Capital and reserves” line of the balance sheet filed with the Centrale des Bilans.