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DES GB2013 E

DEUTSCHEEUROSHOPANNUALREPORT2013/CONSOLIDATEDFINANCIALSTATEMENTS 151 RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT USING THE EQUITY METHOD AS AT 31 DECEMBER 2012 01.01.–31.12.2012 before adjustment 01.01.–31.12.2012 adjustment 01.01.–31.12.2012 after adjustment Revenue 211,231 -33,070 178,161 Property operating costs -11,256 1,273 -9,983 Property management costs -10,547 2,045 -8,502 Net operating income (NOI) 189,428 -29,752 159,676 Other operating income 2,905 -172 2,733 Other operating expenses -11,316 486 -10,830 Earnings before interest and taxes (EBIT) 181,017 -29,438 151,579 Income from investments 1,400 0 1,400 Interest income 540 -40 500 Interest expense -72,064 8,998 -63,066 Profit/loss attributable to limited partners -15,271 0 -15,271 Share of the profit or loss of associates and joint ventures accounted for using the equity method -589 14,935 14,346 Net finance costs -85,984 23,893 -62,091 Measurement gains/losses 8,495 5,439 13,934 of which excess of identified net assets acquired over cost of acquisition in accordance with IFRS 3 €4,410 thousand Earnings before taxes (EBT) 103,528 -106 103,422 Income tax expense 18,956 106 19,062 Consolidated profit 122,484 0 122,484 Earnings per share (€), basic 2.36 0 2.36 Earnings per share (€), diluted 2.35 0 2.35 RECONCILIATION OF THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME USING THE EQUITY METHOD AS AT 31 DECEMBER 2012 01.01.–31.12.2012 before adjustment 01.01.–31.12.2012 adjustment 01.01.–31.12.2012 after adjustment Changes in cash flow hedge -14,468 2,395 -12,073 Change in investments accounted for using the equity method 0 -2,395 -2,395 APPLICATION OF THE PREVIOUS ACCOUNTING METHOD The consolidated financial statements were switched to equity accounting from 2012 as permitted by IAS 31. Using the previous accounting method, the companies switched to equity accounting would have been incorporated propor- tionately in the consolidated financial statements. The balance sheet and income statement for 2013 would then have appeared as follows: € THOUSAND € THOUSAND

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