DES GB2012 E

Other ﬁnancial obligations During the financial year, the equity-accounted companies posted the following asset and liability items, expenses and income: 31.12.2012 31.12.2011 Non-current assets 8,551 9,811 Current assets 1,577 1,167 Non-current liabilities 5,940 0 Current liabilities 93 6,476 Income 826 730 Expenses -1,416 -554 32. EARNINGS PER SHARE 31.12.2012 31.12.2011 Group shareholders' portion of profits/losses (€ thousand) 122,484 99,038 Weighted number of no-par value shares issued 51,934,893 51,631,400 Basic earnings per share (€) 2.36 1.92 Group shareholders' portion of profits/losses (€ thousand) 122,484 99,038 Adjustment of interest expense for the convertible bond (€ thousand) 327 0 Profits/losses used to calculate the diluted earnings per share (€ thousand) 122,811 99,038 Weighted number of no-par value shares issued 51,934,893 51,631,400 Weighted adjustment of potentially convertible no-par value shares 326,935 0 Average weighted number of shares used to determine the diluted earnings per share 52,261,828 51,631,400 Diluted earnings per share (€) 2.35 1.92 BASIC EARNINGS PER SHARE: Basic earnings per share are determined by dividing the net income for the period to which shareholders of Deutsche EuroShop AG are entitled by the weighted average number of shares outstanding within the reporting period. DILUTED EARNINGS PER SHARE: The diluted earnings are calculated by taking the average number of shares outstanding and adding the number of warrants granted in connection with the convertible bond. 2.8 million warrants existed during the year under review. Due to the fact that the convertible bond was issued mid-year, the warrants issued in connection with the convertible bond were recognised on a pro rata basis. It is anticipated that the convertible bonds will be exchanged for shares in full. The profits/losses will be adjusted accordingly for interest expense and tax effects. Other financial obligations There are other financial obligations of €108.8 million arising from service contracts. There are financial obligations of €19.7 million which will arise during the following year in connection with invest- ment measures in our shopping centers. € thousand € thousand CONSOLIDATED FINANCIAL STATEMENTS { 176 } DES ANNUAL REPORT 2012

DES GB2012 E

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