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ePaper created 2012-05-14, 19:36:25 | version 1.23.5
/ / / 10 DES Interim Report, Q1 2012 in TD Domestic Interna- tional Reconcili- ation Total Earnings before tax (EBT) 23,498 3,178 -3,061 23,615 (previous year’s figures) (18,423) (2,794) -(2,044) (19,173) in D thousands Domestic International Total Segment assets 2,877,047 351,702 3,228,749 (previous year’s figures) (2,874,224) (350,901) (3,225,125) of which investment properties 2,765,882 343,375 3,109,257 (previous year’s figures) (2,763,626) (343,206) (3,106,832) Other disclosures Dividend No dividend was distributed in the first quarter of 2012. Responsibility statement by the Executive Board To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim consol- idated financial statements give a true and fair view of the assets, liabili- ties, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the develop- ment and performance of the business and the position of the Group, together with a description of the principal opportunities and risks asso- ciated with the expected development of the Group for the remainder of the financial year. Hamburg, May 2012 Claus-Matthias Böge Olaf Borkers SEGMENT REPORTING As a holding company, Deutsche EuroShop AG holds equity interests in shopping centers in the European Union. The investees are pure shelf companies without staff of their own. Operational management is con- tracted out to external service providers under agency agreements, mean- ing that the companies‘ activities are exclusively restricted to asset man- agement. The companies are operated individually. Due to the Company‘s uniform business activities within a relatively homogeneous region (the European Union), and in accordance with IFRS 8.12, separate segment reporting is presented in the form of a breakdown by domestic and international results. As the Group’s main decision-making body, the Deutsche EuroShop AG Executive Board largely assesses the performance of the segments based on the EBIT of the individual property companies. The valuation principles for the segment reporting correspond to those of the Group. Intra-Group activities between the segments are eliminated in the rec- onciliation statement. In view of the geographical segmentation, no further information pur- suant to IFRS 8.33 is given. The previous year’s figures have been changed in the reconciliation state- ment for earnings before tax (EBT). Breakdown by geographical segment in D thousands Domestic Interna- tional Reconcili- ation Total Revenue 46,099 5,836 0 51,935 (previous year’s figures) (38,621) (5,777) (0) (44,398) in D thousands Domestic Interna- tional Reconcili- ation Total EBIT 41,977 5,151 -1,249 45,879 (previous year’s figures) (34,395) (5,303) -(1,056) (38,642) in D thousands Domestic Interna- tional Reconcili- ation Total Net interest income -14,250 -1,904 -449 -16,603 (previous year’s figures) -(12,941) -(1,956) -(342) -(15,239)