Consolidated shareholders’ equity
in EUR ’000 |
Share capital |
Other capital reserves |
Capital reserves from additional payments on hybrid capital |
Retained earnings |
Other reserves |
Subtotal |
Non-controlling interests |
Shareholders’ equity |
||
|
||||||||||
As of 1 January 2014 |
132,887 |
2,109,003 |
245,602 |
2,184,297 |
123,939 |
4,795,728 |
170,824 |
4,966,552 |
||
Changes in scope of consolidation/ownership interests |
0 |
0 |
0 |
9,152 |
0 |
9,152 |
-3,649 |
5,503 |
||
Total comprehensive income |
0 |
0 |
0 |
366,800 |
120,124 |
486,924 |
25,537 |
512,461 |
||
Dividend payment* |
0 |
0 |
0 |
-181,400 |
0 |
-181,400 |
-19,689 |
-201,089 |
||
As of 31 December 2014 |
132,887 |
2,109,003 |
245,602 |
2,378,849 |
244,063 |
5,110,404 |
173,023 |
5,283,427 |
||
|
|
|
|
|
|
|
|
|
||
As of 1 January 2015 |
132,887 |
2,109,003 |
245,602 |
2,378,849 |
244,063 |
5,110,404 |
173,023 |
5,283,427 |
||
Changes in scope of consolidation/ownership interests |
0 |
0 |
0 |
4,508 |
0 |
4,508 |
21,997 |
26,505 |
||
Total comprehensive income |
0 |
0 |
0 |
98,223 |
-99,938 |
-1,715 |
10,915 |
9,200 |
||
Repurchase of hybrid capital |
0 |
0 |
-51,983 |
-8,536 |
0 |
-60,519 |
0 |
-60,519 |
||
Dividend payment* |
0 |
0 |
0 |
-192,545 |
0 |
-192,545 |
-8,265 |
-200,810 |
||
As of 31 December 2015 |
132,887 |
2,109,003 |
193,619 |
2,280,499 |
144,125 |
4,860,133 |
197,670 |
5,057,803 |
||
The above subtotal equals the equity attributable to shareholders and other capital providers of the parent company.
The share of changes recognised directly in the equity of the companies accounted for using the equity method is EUR 77,060,000 (EUR 61,959,000).
The dividend payments of EUR 192,545,000 (EUR 181,400,000) are comprised of EUR 179,200,000 (EUR 166,400,000) in dividends and EUR 17,793,000 (EUR 20,000,000) in interest payments on the hybrid capital, less EUR 4,448,000 (EUR 5,000,000) in deferred taxes recognised directly in equity.
EUR 51,983,000 of the nominal value of the hybrid bond issued in 2008 and 2009 was repurchased in the 1st quarter of 2015. The holders of the bonds also received a premium of EUR 8,536,000 as part of the repurchase. Accrued interest was EUR 1,951,000 for the period between the last interest payment and the repurchase.
in EUR ’000 |
31.12.2015 |
31.12.2014 |
Unrealised gains and losses |
411,271 |
529,630 |
Cash flow hedge reserve |
-2,836 |
-5,346 |
Underwriting gains and losses from provisions for employee benefits |
-100,192 |
-106,538 |
Share of other reserves of associated companies |
-6,407 |
-8,186 |
Currency reserve |
-157,711 |
-165,497 |
Total |
144,125 |
244,063 |
in EUR ’000 |
31.12.2015 |
31.12.2014 |
Bonds |
2,062,146 |
2,519,214 |
Shares and other participations |
124,898 |
112,674 |
Investment funds |
-3,465 |
25,877 |
|
2,183,579 |
2,657,765 |
+/- Exchange rate changes from securities available for sale |
10,108 |
10,986 |
+/- Policyholder claims |
|
|
thereof deferred actuarial reserve |
-831,160 |
-998,236 |
thereof provisions for deferred profit participation |
-820,678 |
-971,786 |
+/- Deferred taxes |
-124,393 |
-161,104 |
+/- Non-controlling interests |
-6,185 |
-7,995 |
Total |
411,271 |
529,630 |
in EUR ’000 |
31.12.2015 |
31.12.2014 |
Cash flow hedge |
-3,660 |
-7,128 |
+/- Deferred taxes |
824 |
1,782 |
Total |
-2,836 |
-5,346 |
in EUR ’000 |
31.12.2015 |
31.12.2014 |
Pension provision and severance payment provision |
-194,684 |
-208,957 |
+/- Deferred profit participation |
60,504 |
65,481 |
+/- Deferred taxes |
33,030 |
35,844 |
+/- Non-controlling interests |
958 |
1,094 |
Total |
-100,192 |
-106,538 |
in EUR ’000 |
31.12.2015 |
31.12.2014 |
Share of other reserves of associated companies |
-7,219 |
-9,092 |
+/- Non-controlling interests |
812 |
906 |
Total |
-6,407 |
-8,186 |
in EUR ’000 |
31.12.2015 |
31.12.2014 |
Currency reserve |
-159,225 |
-167,395 |
+/- Non-controlling interests |
1,514 |
1,898 |
Total |
-157,711 |
-165,497 |