Changes in equity

in € millions

Subscribed share capital

Additional paid-in capital

Cashflow hedge reserve

Cumulative translation reserves

Other reserves

Share­holders’ equity

Non-controlling interests

Group equity

Balance at January 1, 2015

492

463

(19)

(43)

4,897

5,790

477

6,267

Profit for the period

160

160

18

178

Other comprehensive income

(1)

535

(294)

240

55

295

Comprehensive income for the period

(1)

535

(134)

400

73

473

Dividend paid

(23)

(23)

Equity-settled transactions

8

8

8

Issue of common shares

2

2

Balance at March 31, 2015

492

463

(20)

492

4,771

6,198

529

6,727

 

 

 

 

 

 

 

 

 

Balance at January 1, 2016

498

598

(42)

81

5,349

6,484

496

6,980

Profit for the period

240

240

23

263

Other comprehensive income

(12)

(191)

(25)

(228)

(10)

(238)

Comprehensive income for the period

(12)

(191)

215

12

13

25

Dividend paid

(17)

(17)

Equity-settled transactions

8

8

8

Issue of common shares

1

(1)

Acquisitions and divestments

(1)

(1)

1

Balance at March 31, 2016

499

597

(54)

(110)

5,571

6,503

493

6,996

Shareholders’ equity

Shareholders’ equity remained flat at €6.5 billion at the end of March 2016, mainly due to the net effect of:

  • Net income of €240 million
  • Negative currency effects of €191 million (including tax)
  • An adverse actuarial impact of €25 million (including tax) reported in Other comprehensive income, including €90 million for de-risking of pension liabilities