Deutsche EuroShop AG Interim Report 2015 - Statement of Changes in Equity/Consolidated Cash Flow Statement/Disclosures

Financial Statements5 Deutsche EuroShop Interim Report 9M 2015 Statement of changes in equity in € thousand Number of shares outstanding Share capital Capital reserves Other retained earnings Statutory reserve Available for sale reserve Cash flow hedge reserve Total 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 -10,312 -10,312 Consolidated profit 69,472 69,472 Total profit 0 0 69,472 0 0 -10,312 59,160 Dividend payments -67,432 -67,432 30.09.2014 53,945,536 53,945 961,970 436,071 2,000 0 -33,309 1,420,677 01.01.2015 53,945,536 53,945 961,970 544,025 2,000 -7 -37,591 1,524,342 Total earnings recognised directly in equity 0 3,575 3,575 Consolidated profit 73,579 73,579 Total profit 0 0 73,579 0 0 3,575 77,154 Dividend payments -70,129 -70,129 30.09.2015 53,945,536 53,945 961,970 547,475 2,000 -7 -34,016 1,531,367 Consolidated cash flow ­statement in € thousand 01.01. – 30.09.2015 01.01. – 30.09.2014 Profit after tax 73,579 69,472 Profit / loss attributable to limited partners 12,693 11,520 Depreciation of intangible assets and property, plant and equipment 67 57 Net profit and loss from derivatives -1,684 1,176 Other non-cash income and expenses 1,719 1,719 Profit / losses of joint ventures and associates -2,416 -1,901 Deferred taxes 13,389 13,152 Operating cash flow 97,347 95,195 Changes in receivables 3,883 3,817 Change in other financial investments 0 3,000 Changes in current provisions -3,671 -2,475 Changes in liabilities -1,246 -3,656 Cash flow from operating activities 96,313 95,881 Outflows for the acquisition of property, plant and equipment / investment properties -2,237 -1,630 Inflows from changes in financial assets -800 34,245 Cash flow from investing activities -3,037 32,615 Inflows from financial liabilities -12,875 -27,348 Payments to limited partners -11,691 -10,965 Payments to Group shareholders -70,129 -67,432 Cash flow from financing activities -94,695 -105,745 Net change in cash and cash equivalents -1,419 22,751 Cash and cash equivalents at beginning of period 58,284 40,810 Cash and cash equivalents at end of period 56,865 63,561 Disclosures Reporting principles These interim financial statements of the Deutsche EuroShop Group as at 30 September 2015 have been prepared in accordance with International Financial Reporting Standards (IFRS). The management report and the abridged financial statements were not audited in accordance with section 317 of the Handelsgesetzbuch (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 re- sults of operations as at the date of the interim report. The performance up to 30 September 2015 is not necessarily an indication of future performance. The accounting policies applied correspond to those used in the last consolidated financial statements as at the end of the financial year. A de- tailed description of the methods applied was published in the notes to the consolidated financial statements for 2014. 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 relative- ly homogeneous region (the European Union), and in accordance with IFRS 8.12, separate segment reporting is presented in the form of a break- down by domestic and international results. As the Group’s main decision-making body, the Deutsche EuroShop AG Executive Board first and foremost assesses the performance of the seg- ments based on the EBT before measurement of the individual property companies. The valuation principles for the segment reporting correspond to those of the Group. Intra-Group activities between the segments are eliminated in the rec- onciliation statement. In view of the geographical segmentation, no further information pur- suant to IFRS 8.33 is given. 01.01.201453,945,53653,945961,970434,0312,0000 -22,9971,428,949 Consolidated profit 69,47269,472 Total profit 0069,47200 -10,31259,160 30.09.201453,945,53653,945961,970436,0712,0000 -33,3091,420,677 01.01.201553,945,53653,945961,970544,0252,000 -7 -37,5911,524,342 in equity 03,5753,575 Consolidated profit 73,57973,579 Total profit 0073,579003,57577,154 30.09.201553,945,53653,945961,970547,4752,000 -7 -34,0161,531,367 Profit after tax 73,57969,472 Profit / loss attributable to limited partners 12,69311,520 plant and equipment 6757 Net profit and loss from derivatives -1,6841,176 Other non-cash income and expenses 1,7191,719 Deferred taxes 13,38913,152 Operating cash flow 97,34795,195 Changes in receivables 3,8833,817 Change in other financial investments 03,000 Cash flow from operating activities 96,31395,881 Inflows from changes in financial assets -80034,245 Cash flow from investing activities -3,03732,615 Net change in cash and cash equivalents -1,41922,751 of period 58,28440,810 Cash and cash equivalents at end of period 56,86563,561

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