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ePaper created 2014-05-14, 15:14:44 | version 1.30.01
DEUTSCHE EUROSHOP INTERIM REPORT Q1 2014 08 Statement of changes in equity Number of shares outstanding Share capital Capital reserves Other retained earnings Statutory reserve Available for sale reserve Cash flow hedge reserve Total 01.01.2013 53,945,536 53,945 961,987 323,134 2,000 12,193 -31,345 1,321,914 Total earnings recognised directly in equity 1,497 1,497 Consolidated profit 20,116 20,116 Total profit 20,116 0 0 1,497 21,613 Other changes -17 584 567 31.03.2013 53,945,536 53,945 961,987 343,834 2,000 12,193 -29,848 1,344,094 01.01.2014 53,945,536 53,945 961,970 434,031 2,000 0 -22,997 1,428,949 Total earnings recognised directly in equity 0 -3,530 -3,530 Consolidated profit 22,591 22,591 Total profit 0 0 22,591 0 0 -3,530 19,061 Other changes 0 31.03.2014 53,945,536 53,945 961,970 456,622 2,000 0 -26,527 1,448,010 IN € THOUSAND Disclosures REPORTING PRINCIPLES These interim financial statements of the Deutsche EuroShop Group as at 31 March 2014 have been prepared in accordance with Inter- national Financial Reporting Standards (IFRS). The management report and the abridged financial statements were not audited in accordance with section 317 of the Handelsgesetz- buch (HGB – German Commercial Code), nor were they reviewed by a person qualified to carry out audits. In the opinion of the Executive Board, the report contains all of the necessary adjustments required to give a true and fair view of the results of operations as at the date of the interim report. The performance in the first three months up to 31 March 2014 is not necessarily an indication of future perfor- mance. The accounting policies applied correspond to those used in the last consolidated financial statements as at the end of the financial year. A detailed description of the methods applied was published in the notes to the consolidated financial statements for 2013. SEGMENT REPORTING As a holding company, Deutsche EuroShop AG holds equity interests in shopping centers in the European Union. The investees are pure real-estate shelf companies without staff of their own. Operational management is contracted out to external service providers under agency agreements, with the result 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 performance 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.