Please activate JavaScript!
Please install Adobe Flash Player, click here for download
ePaper created 2014-04-29, 17:58:02 | version 1.30.00
DEUTSCHEEUROSHOPANNUALREPORT2013/CONSOLIDATEDFINANCIALSTATEMENTS 166 10. CASH AND CASH EQUIVALENTS 31.12.2013 31.12.2012 Short-term deposits/time deposits 24,378 29,462 Current accounts 16,419 131,531 Cash 13 13 40,810 161,006 NOTES TO THE CONSOLIDATED BALANCE SHEET – LIABILITIES 11. EQUITY AND RESERVES Changes in equity are presented in the statement of changes in equity. The share capital is €53,945,536 and is composed of 53,945,536 no-par-value registered shares. The notional value of each share is €1.00. According to Article 5 of the Articles of Association, the Executive Board is still authorised, subject to the approval of the Supervisory Board, to increase the Company’s share capital by up to a total of €26,972,768 on one or multiple occa- sions until 19 June 2018 by issuing no-par-value registered shares against cash and/or non-cash contributions (approved capital 2013). The Executive Board is authorised, subject to the approval of the Supervisory Board and until 15 June 2016, to issue convertible bonds with a total nominal value of up to €200,000,000 and maturities of up to ten years and to grant the holders of the respective, equally privileged, bonds conversion rights to new no-par-value shares in the Company up to a total of 10,000,000 shares (€10.0 million) in accordance with the detailed provisions of the terms and conditions for convertible bonds (“bond conditions”). (conditional capital 2011). The convertible bonds may also pay a variable rate of interest, in which case, as with a participating bond, the interest may be dependent in full or in part on the level of the Company’s dividend. The parent company of the Group, Deutsche EuroShop AG, is reporting an unappropriated surplus of €67,432 thousand. The Executive Board and the Supervisory Board will propose to distribute this amount as a dividend of €1.25 per share at the Annual General Meeting on 18 June 2014. €64,735 thousand of the previous year’s unappropriated surplus of €80,643 thousand was distributed to the share- holders. The dividend paid was €1.20 per share. The capital reserves contain amounts in accordance with section 272 (2) nos. 1, 2 and 4 of the Handelsgesetzbuch (HGB – German Commercial Code). The capital reserves also contain deferred tax assets at the expense of the capital increase amounting to €1,441 thousand. Retained earnings consist of the remeasurement reserves and currency items and accumulated profits carried for- ward at the time of transition to IFRS. € THOUSAND