Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
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170 STATEMENT OF CHANGES IN GROUP EQUITY<br />
Statement of Changes in Group Equity in Compliance with GAS 7<br />
(German Accounting Standard)<br />
Changes in group equity <strong>2012</strong> Capital stock Capital<br />
reserves<br />
Retained<br />
earnings<br />
Net income<br />
Minority<br />
interests<br />
<strong>Knorr</strong>-<strong>Bremse</strong><br />
Group<br />
in EUR thousands (TEUR)<br />
As at Dec. 31, 2011 67,600 153 431,730 263,924 138,968 902,375<br />
Dividend payments (156,000) (28,933) (184,933)<br />
Net income <strong>2012</strong> 254,807 40,220 295,027<br />
Transfers to retained earnings 121,713 (121,713) 0<br />
Currency fluctuations (5,583) (5,572) (11,155)<br />
Other fluctuations (12,345) 6,238 (6,107)<br />
As at Dec. 31, <strong>2012</strong> 67,600 153 535,515 241,018 150,921 995,207<br />
Changes in group equity 2011 Capital stock Capital<br />
reserves<br />
Retained<br />
earnings<br />
Net income<br />
Minority<br />
interests<br />
<strong>Knorr</strong>-<strong>Bremse</strong><br />
Group<br />
in EUR thousands (TEUR)<br />
As at Dec. 31, 2010 67,600 153 313,008 262,556 110,544 753,861<br />
Dividend payments (156,000) (21,415) (177,415)<br />
Net income 2011 291,098 38,198 329,296<br />
Transfers to retained earnings 133,730 (133,730) 0<br />
Currency fluctuations (1,371) 1,031 (340)<br />
Other fluctuations (13,637) 10,610 (3,027)<br />
As at Dec. 31, 2011 67,600 153 431,730 263,924 138,968 902,375<br />
Group equity includes capital differences arising on foreign currency translation in the amount of<br />
TEUR -6,859, of which TEUR -846 relates to minority interests.<br />
Other changes in minority interests result primarily from the purchase of former minority interests in<br />
Heine Resistors GmbH, Dresden/Germany. Following the purchase, the Group holds a 100% interest as<br />
at the balance sheet date.