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ePaper created 2012-11-12, 15:51:20 | version 1.24.0
/ / / 10 DES Nine-month report 2012 in € thousand Domestic International Total Segment assets 2,892,205 350,384 3,242,589 (previous year’s figures) (2,874,224) (350,901) (3,225,125) of which investment properties 2,770,071 343,483 3,113,554 (previous year’s figures) (2,763,626) (343,206) (3,106,832) Other disclosures Dividend A dividend of € 1.10 per share was distributed for the financial year 2011 on 22 June 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 con- solidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group for the remainder of the financial year. Hamburg, November 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 contracted out to external service providers under agency agreements, meaning that the companies‘ activities are exclusively restricted to asset management. 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 reconciliation statement. In view of the geographical segmentation, no further information pursuant to IFRS 8.33 is given. The previous year’s figures have been restated in the reconciliation statement for interest income and earnings before tax (EBT). Breakdown by geographical segment in € thousand Domestic Inter national Recon ciliation Total Revenue 139,644 17,470 0 157,114 (previous year’s figures) (120,890) (17,094) (0) (137,984) in € thousand Domestic Inter national Recon ciliation Total EBIT 125,661 15,890 -4,217 137,334 (previous year’s figures) (106,422) (15,132) -(3,620) (117,934) in € thousand Domestic Inter national Recon ciliation Total Net interest income -42,083 -5,841 -1,446 -49,370 (previous year’s figures) -(41,105) -(5,722) -(806) -(47,633) in € thousand Domestic Inter national Recon ciliation Total Earnings before tax (EBT) 71,950 8,248 -9,148 71,050 (previous year’s figures) (58,714) (7,903) -(8,579) (58,038)