Changes in equity
in € millions |
Subscribed share capital |
Additional paid-in capital |
Cashflow hedge reserve |
Cumulative translation reserves |
Other reserves |
Shareholders’ equity |
Noncontrolling interests |
Group equity |
Balance at January 1, 2015 |
492 |
463 |
(19) |
(43) |
4,897 |
5,790 |
477 |
6,267 |
Profit for the period |
– |
– |
– |
– |
776 |
776 |
61 |
837 |
Other comprehensive income |
– |
– |
(13) |
36 |
(442) |
(419) |
8 |
(411) |
Comprehensive income for the period |
– |
– |
(13) |
36 |
334 |
357 |
69 |
426 |
Dividend paid |
3 |
103 |
– |
– |
(276) |
(170) |
(46) |
(216) |
Equity-settled transactions |
– |
– |
– |
– |
24 |
24 |
– |
24 |
Issue of common shares |
2 |
(2) |
– |
– |
– |
– |
2 |
2 |
Acquisitions and divestments |
– |
– |
– |
– |
(3) |
(3) |
1 |
(2) |
Balance at September 30, 2015 |
497 |
564 |
(32) |
(7) |
4,976 |
5,998 |
503 |
6,501 |
|
|
|
|
|
|
|
|
|
Balance at January 1, 2016 |
498 |
598 |
(42) |
81 |
5,349 |
6,484 |
496 |
6,980 |
Profit for the period |
– |
– |
– |
– |
837 |
837 |
65 |
902 |
Other comprehensive income |
– |
– |
26 |
(307) |
(537) |
(818) |
(11) |
(829) |
Comprehensive income for the period |
– |
– |
26 |
(307) |
300 |
19 |
54 |
73 |
Dividend paid |
4 |
115 |
– |
– |
(299) |
(180) |
(50) |
(230) |
Equity-settled transactions |
– |
– |
– |
– |
18 |
18 |
– |
18 |
Issue of common shares |
1 |
(1) |
– |
– |
– |
– |
– |
– |
Acquisitions and divestments |
– |
– |
– |
– |
(2) |
(2) |
1 |
(1) |
Balance at September 30, 2016 |
503 |
712 |
(16) |
(226) |
5,366 |
6,339 |
501 |
6,840 |
Shareholders’ equity
Shareholders’ equity decreased from €6.5 billion at year-end 2015 to €6.3 billion at the end of September 2016, mainly due to the net effect of:
- Profit for the period of €837 million
- A net negative effect of €537 million for actuarial gains and losses which includes the adverse impact of the de-risking of pension liabilities and the positive impact of re-recognition of (pension related) deferred tax assets
- Negative currency effects of €307 million (and related taxes)
- Dividend payments of €180 million
Interim dividend
An interim dividend of €0.37 per share (2015: €0.35) will be paid out, with the option to elect stock dividend. Please refer to the Financial calendar for dividend payment dates.