Please activate JavaScript!
Please install Adobe Flash Player, click here for download
ePaper created 2012-05-14, 19:36:25 | version 1.23.5
/ / / 9 DES Interim Report, Q1 2012 Statement of changes in equity in D thousands Number of sha- res outstanding Share capital Capital reserves Other retained earnings Statutory reserve Total 01.01.11 51,631,400 51,631 890,615 219,491 2,000 1,163,737 Change in cash flow hedge 5,924 5,924 Change due to currency translation effects -64 -64 Change in deferred taxes -925 -925 Total earnings recognised directly in equity 0 0 4,935 0 4,935 Consolidated profit 15,956 15,956 Total profit 20,891 20,891 Trade tax (IAS 8 - Error Corrections) 485 -3,548 -3,063 31.03.11 51,631,400 51,631 891,100 236,834 2,000 1,181,565 01.01.12 51,631,400 51,631 890,482 248,928 2,000 1,193,041 Change in cash flow hedge -1,259 -1,259 Change in deferred taxes 79 79 Total earnings recognised directly in equity 0 0 -1,180 0 -1,180 Consolidated profit 16,543 16,543 Total profit 0 0 15,363 0 15,363 31.03.12 51,631,400 51,631 890,482 264,291 2,000 1,208,404 Disclosures Reporting principles These interim financial statements of the Deutsche EuroShop Group as at 31 March 2012 have been prepared in accordance with International Financial Reporting Standards (IFRS). The management report and the abridged financial statements were not audited in accordance with section 317 of the Handelsgesetzbuch (HGB – German Commercial Code), nor were they reviewed by a per- son qualified to carry out audits. In the opinion of the Executive Board, the report contains all of the necessary adjustments required to give a true and fair view of the results of operations as at the interim report date. The performance of the first three months up to 31 March 2012 is not necessarily an indication of future performance. The accounting policies applied correspond to those used in the last consolidated financial statements as at the end of the financial year. A detailed description of the methods applied was published in the notes to the consolidated financial statements for 2011. Adjustment of previous year’s values in accordance with IAS 8 (correction of an error) Following the decision in the third quarter of 2011 to adjust the previous year’s figures in light of trade tax risks and the need to create trade tax provisions for the first three quarters of 2011, pursuant to IAS 8.41 ff. (correction of an error) the tax expenses for the same quarter of the pre- vious year have now been adjusted accordingly in connection with the preparation of these quarterly financial statements. A trade tax provision in the amount of € 2.6 million was created and recognised in expenses on 31 March 2011 which will cover current earn- ings of the property companies as well as the measurement differences for properties arising from differences between the tax accounts and the IFRS consolidated financial statements. Meanwhile, trade tax pro- visions of € 0.5 million for negative interest rate hedges are recognised directly in equity (OCI). Please also refer to the detailed explanations provided in the consoli- dated financial statements for 2011 which were just recently published.