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

491

491

45

536

Other comprehensive income

(4)

396

(652)

(260)

31

(229)

Comprehensive income for the period

(4)

396

(161)

231

76

307

Dividend paid

3

103

(276)

(170)

(37)

(207)

Equity-settled transactions

14

14

14

Issue of common shares

2

(2)

2

2

Acquisitions and divestments

(3)

(3)

1

(2)

Balance at June 30, 2015

497

564

(23)

353

4,471

5,862

519

6,381

 

 

 

 

 

 

 

 

 

Balance at January 1, 2016

498

598

(42)

81

5,349

6,484

496

6,980

Profit for the period

552

552

50

602

Other comprehensive income

13

(187)

109

(65)

(9)

(74)

Comprehensive income for the period

13

(187)

661

487

41

528

Dividend paid

4

115

(299)

(180)

(32)

(212)

Equity-settled transactions

18

18

18

Issue of common shares

1

(1)

Acquisitions and divestments

(1)

(1)

1

Balance at June 30, 2016

503

712

(29)

(106)

5,728

6,808

506

7,314

Shareholders’ equity

Shareholders’ equity increased from €6.5 billion at year-end 2015 to €6.8 billion at the end of June 2016, mainly due to the net effect of:

  • Profit for the period of €552 million
  • A net positive effect of €109 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 €187 million (and related taxes)
  • Dividend payments of €180 million