D. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR 2016 AND 2015
| (Millions of euros) | Share capital | Share premium | Merger premium | Treasury shares | Valuation adjustments | Retained earnings and other reserves | Attributable to the shareholders | Attributable to non-controlling interests | Total equity | 
| Balance at 31/12/15 | 146 | 1.202 | 963 | -16 | -805 | 4.567 | 6.058 | 483 | 6.541 | 
| Consolidated profit for the year | 
 | 
 | 
 | 
 | 
 | 376 | 376 | 7 | 383 | 
| Income and expense recognised directly in equity | 
 | 
 | 
 | 
 | -287 | 
 | -287 | -8 | -295 | 
| Total comprehensive income | 0 | 0 | 0 | 0 | -287 | 376 | 89 | -1 | 88 | 
| Scrip dividend | 3 | 
 | 
 | 
 | 
 | -230 | -226 | 
 | -226 | 
| Other dividends | 
 | 
 | 
 | 
 | 
 | 
 | 0 | -25 | -25 | 
| Treasury share transactions | -3 | 
 | -313 | -26 | 
 | 25 | -317 | 
 | -317 | 
| Remuneration of shareholders | 0 | 0 | -313 | -26 | 0 | -205 | -544 | -25 | -569 | 
| Capital increases/reductions | 
 | 
 | 
 | 
 | 
 | 
 | 0 | 45 | 45 | 
| Share-based payment | 
 | 
 | 
 | 
 | 
 | -17 | -17 | 0 | -17 | 
| Other changes | 
 | 
 | 0 | 1 | 
 | 9 | 10 | 215 | 225 | 
| Other transactions | 0 | 0 | 0 | 1 | 0 | -8 | -7 | 260 | 253 | 
| Balance at 31/12/16 | 147 | 1.202 | 650 | -41 | -1.092 | 4.731 | 5.597 | 717 | 6.314 | 
| (Millions of euros) | Share capital | Share premium | Merger premium | Treasury shares | Valuation adjustments | Retained earnings and other reserves | Attributable to the shareholders | Attributable to non-controlling interests | Total equity | 
| Balance at 31/12/14 | 146 | 1,202 | 1,218 | -4 | -983 | 4,092 | 5,672 | 349 | 6,021 | 
| Consolidated profit for the year | 
 | 
 | 
 | 
 | 
 | 720 | 720 | -89 | 631 | 
| Income and expense recognised directly in equity | 
 | 
 | 
 | 
 | 178 | 
 | 178 | 108 | 285 | 
| Total comprehensive income | 0 | 0 | 0 | 0 | 178 | 720 | 898 | 19 | 916 | 
| Scrip dividend | 2 | 
 | 
 | 
 | 
 | -269 | -267 | 
 | -267 | 
| Other dividends | 
 | 
 | 
 | 
 | 
 | 
 | 0 | -48 | -48 | 
| Treasury share transactions | -2 | 
 | -247 | -16 | 
 | 
 | -265 | 
 | -265 | 
| Remuneration of shareholders | 0 | 0 | -247 | -16 | 0 | -269 | -532 | -48 | -580 | 
| Capital increases/reductions | 
 | 
 | 
 | 
 | 
 | 
 | 0 | 100 | 100 | 
| Share-based payment | 
 | 
 | 
 | 
 | 
 | -51 | -51 | -1 | -52 | 
| Other changes | 
 | 
 | -9 | 4 | 
 | 76 | 71 | 64 | 136 | 
| Other transactions | 0 | 0 | -9 | 4 | 0 | 25 | 20 | 164 | 184 | 
| Balance at 31/12/15 | 146 | 1,202 | 963 | -16 | -805 | 4,567 | 6,058 | 483 | 6,541 | 
The accompanying Notes 1.1 to 7.1 are an integral part of the consolidated statement of changes in equity for the year ended 31 December 2016.
