Changes in equity

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in € millions

Subscribed share capital

Additional paid-in capital

Cashflow hedge reserve

Cumulative translation reserves

Other (legal) reserves and undis­tributed profit

Share­holders’ equity

Non­controlling interests

Group equity

*

Opening balance is adjusted for the effects of the implementation of IFRS 9 (€3 million negative on other reserves), IFRS 15 (€43 million negative on other reserves and €5 million negative on non-controlling interests) and the application of IAS 29 (€23 million positive in cumulative translaten reserves).

Balance at January 1, 2017

504

745

3

(47)

5,348

6,553

481

7,034

Profit for the period

–

–

–

–

757

757

55

812

Other comprehensive income

–

–

7

(421)

(172)

(586)

(38)

(624)

Comprehensive income for the period

–

–

7

(421)

585

171

17

188

Dividend

3

125

–

–

(320)

(192)

(39)

(231)

Equity-settled transactions

–

–

–

–

28

28

–

28

Issue of common shares

2

(2)

–

–

–

–

–

–

Share repurchase

(5)

(155)

–

–

–

(160)

–

(160)

Balance at September 30, 2017

504

713

10

(468)

5,641

6,400

459

6,859

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

505

769

15

(549)

5,125

5,865

442

6,307

Impact adoption IFRS 9 and IFRS 15

–

–

–

–

(46)

(46)

(5)

(51)

Impact application IAS 29

–

–

–

23

–

23

 

23

Balance at January 1, 2018 *

505

769

15

(526)

5,079

5,842

437

6,279

Profit for the period

–

–

–

–

825

825

45

870

Other comprehensive income

–

–

35

(172)

(15)

(152)

(24)

(176)

Comprehensive income for the period

–

–

35

(172)

810

673

21

694

Dividend

5

191

–

–

(491)

(295)

(21)

(316)

Equity-settled transactions

–

–

–

–

28

28

–

28

Issue of common shares

2

(2)

–

–

–

–

–

–

Acquisitions and divestments

–

–

–

–

(18)

(18)

(11)

(29)

Balance at September 30, 2018

512

958

50

(698)

5,408

6,230

426

6,656

Shareholders’ equity

Shareholders’ equity increased from €5.9 billion at year-end 2017 to €6.2 billion at the end of September 30, 2018, mainly due to the net effect of:

  • Profit for the period of €825 million
  • Dividend payments of €295 million
  • Adverse currency effects of €172 million (including taxes)
  • Actuarial losses of €15 million (including taxes)
  • Opening balance adjustment for IFRS 9 and IFRS 15 of €46 million negative
  • Opening balance adjustment of €23 million positive, due to hyperinflation accounting as per IAS 29 for our Argentinian operations
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