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ePaper created 2013-06-11, 17:13:12 | version 1.25.16
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 per- formance 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. DOMESTIC INTER- NATIONAL RECON- CILIATION TOTAL Revenue 187,661 23,570 0 211,231 (previous year’s figures) (166,832) (23,143) (0) (189,975) DOMESTIC INTER- NATIONAL RECON- CILIATION TOTAL EBIT 163,221 21,781 -3,985 181,017 (previous year’s figures) (148,652) (20,698) -(3,689) (165,661) DOMESTIC INTER- NATIONAL RECON- CILIATION TOTAL Net interest income -62,086 -7,679 -1,759 -71,524 (previous year’s figures) -(55,972) -(7,516) -(1,411) -(64,899) DOMESTIC INTER- NATIONAL RECON- CILIATION TOTAL Earnings before tax (EBT) 106,318 5,561 -8,351 103,528 (previous year’s figures) (127,734) (17,754) -(8,777) (136,711) DOMESTIC INTER- NATIONAL TOTAL Segment assets 3,203,587 345,267 3,548,854 (previous year’s figures) (2,874,224) (350,901) (3,225,125) of which investment properties 2,991,616 338,673 3,330,289 (previous year’s figures) (2,763,626) (343,206) (3,106,832) € thousand € thousand € thousand € thousand € thousand { 171 } DES ANNUAL REPORT 2012 CONSOLIDATED FINANCIAL STATEMENTS Segment reporting