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DES GB2014 D - Financial Statement

SHOPPING66 ANNUAL REPORT 2014Deutsche EuroShop Notes to the consolidated balance sheet page 70 > Notes to the consolidated income statement page 73 > Notes to the consolidated cash flow statement page 74 > Segment reporting page 74 > Auditors report page 78 > FINANCIAL STATEMENT Consolidated balance sheet Assets in € thousand Note 31.12.2014 31.12.2013 ASSETS Non-current assets Intangible assets 1. 17 8 Property, plant and equipment 2. 393 413 Investment properties 3. 3,060,179 2,962,163 Investments accounted for using the equity method 4. 359,357 341,907 Other financial assets 5. 266 34,519 Other non-current assets 6. 0 155 Non-current assets 3,420,212 3,339,165 Current assets Trade receivables 7. 4,510 5,595 Other current assets 8. 9,152 6,293 Other financial investments 9. 0 3,000 Cash and cash equivalents 10. 58,284 40,810 Current assets 71,946 55,698 Total assets 3,492,158 3,394,863 Equity and liabilities in € thousand Note 31.12.2014 31.12.2013 EQUITY AND LIABILITIES Equity and reserves Issued capital 53,945 53,945 Capital reserves 961,970 961,970 Retained earnings 508,427 413,034 Total equity 11. 1,524,342 1,428,949 Non-current liabilities Financial liabilities 12. 1,374,803 1,389,552 Deferred tax liabilities 13. 227,455 198,491 Right to redeem of limited partners 226,849 213,422 Other liabilities 18. 58,939 41,096 Non-current liabilities 1,888,046 1,842,561 Current liabilities Financial liabilities 12. 55,282 97,207 Trade payables 14. 1,098 3,351 Tax liabilities 15. 857 1,357 Other provisions 16. 9,799 6,804 Other liabilities 17. 12,734 14,634 Current liabilities 79,770 123,353 Total equity and liabilities 3,492,158 3,394,863 in € thousand Note 01.01.– 31.12.2014 01.01.– 31.12.2013 Revenue 19. 200,785 187,987 Property operating costs 20. -9,062 -8,452 Property management costs 21. -9,922 -9,323 Net operating income (NOI) 181,801 170,212 Other operating income 22. 1,889 2,837 Other operating expenses 23. -6,184 -7,285 Earnings before interest and taxes (EBIT) 177,506 165,764 Income from investments 24. 1 16,688 Interest income 348 448 Interest expense -58,570 -57,827 Other financial expenses -610 -4,550 Income from the disposal of financial assets 0 23 Share of the profit or loss of associates and joint ventures accounted for using the equity method 25. 35,129 27,024 Profit/loss attributable to limited partners 26. -16,117 -15,939 Financial result -39,819 -34,133 Valuation gains/losses 27. 76,986 55,982 Earnings before tax (EBT) 214,673 187,613 Income taxes 28. -37,247 -16,570 Consolidated profit 177,426 171,043 Earnings per share (€), basic 32. 3.29 3.17 Earnings per share (€), diluted 32. 3.15 3.05 Consolidated income statement Statement of comprehensive income in € thousand Note 2014 2013 Consolidated profit 177,426 171,043 Items which under certain conditions in the future will be reclassifiedinto the income statement: Changes in cash flow hedge 11., 30. -17,435 11,217 Change in investments accounted for using the equity method 11. 0 7,519 Change due to IAS 39 measurement of investments 4., 11., 30. -7 3,606 Disposal due to IAS 39 measurement of investments 0 -15,799 Deferred taxes on changes in value offset directly against equity 11., 30. 2,841 -5,354 Total earnings recognised directly in equity -14,601 1,189 Total profit 162,825 172,232 Share of Group shareholders 162,825 172,232 Assets in € thousand Note 31.12.201431.12.2013 Intangible assets 1. 178 Property, plant and equipment 2. 393413 Investment properties 3. 3,060,1792,962,163 Investments accounted for using the equity method 4. 359,357341,907 Other financial assets 5. 26634,519 Other non-current assets 6. 0155 Non-current assets 3,420,2123,339,165 Trade receivables 7. 4,5105,595 Other current assets 8. 9,1526,293 Other financial investments 9. 03,000 Cash and cash equivalents 10. 58,28440,810 Current assets 71,94655,698 Total assets 3,492,1583,394,863 Equity and liabilities in € thousand Note 31.12.201431.12.2013 Issued capital 53,94553,945 Capital reserves 961,970961,970 Retained earnings 508,427413,034 Total equity 11. 1,524,3421,428,949 Financial liabilities 12. 1,374,8031,389,552 Deferred tax liabilities 13. 227,455198,491 Right to redeem of limited partners 226,849213,422 Other liabilities 18. 58,93941,096 Non-current liabilities 1,888,0461,842,561 Financial liabilities 12. 55,28297,207 Trade payables 14. 1,0983,351 Tax liabilities 15. 8571,357 Other provisions 16. 9,7996,804 Other liabilities 17. 12,73414,634 Current liabilities 79,770123,353 Total equity and liabilities 3,492,1583,394,863 Revenue 19. 200,785187,987 Net operating income (NOI) 181,801170,212 Other operating income 22. 1,8892,837 Earnings before interest and taxes (EBIT) 177,506165,764 Income from investments 24. 116,688 Interest income 348448 Income from the disposal of financial assets 023 for using the equity method 25. 35,12927,024 Valuation gains/losses 27. 76,98655,982 Earnings before tax (EBT) 214,673187,613 Consolidated profit 177,426171,043 Earnings per share (€), basic 32. 3.293.17 Earnings per share (€), diluted 32. 3.153.05 in € thousand Note 20142013 Consolidated profit 177,426171,043 Changes in cash flow hedge 11., 30. -17,43511,217 Change in investments accounted for using the equity method 11. 07,519 30. -73,606 Total earnings recognised directly in equity -14,6011,189 Total profit 162,825172,232 Share of Group shareholders 162,825172,232

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