Annual report - HSE

Cash and cash equivalents (8)
in €
Cash and cash equivalents 31 December 2012 31 December 2011
Cash in bank accounts and cheques 16,674 4,782
Cash in bank accounts 4,697,236 13,898,960
Deposits redeemable at notice 1,581,287 0
Deposits up to three months 500,000 53,103,496
TOTAL 6,795,197 67,007,238
Equity (9)
in €
Equity 31 December 2012 31 December 2011
Called-up capital 29,558,789 29,558,789
Capital surplus 561,243,185 561,243,185
Revenue reserves 384,313,947 359,472,047
Fair value reserves -9,391,631 -4,292,977
Retained earnings 438,408,173 392,977,563
Consolidation equity adjustment -1,203,048 -823,705
Minority interest 70,533,342 70,962,861
Total equity 1,473,462,757 1,409,097,763
The value of nominal capital and capital surplus of the Group remained unchanged in
2012.
Other revenue reserves in the amount of EUR 384,313,947 represent a part of transferred
revenue of the controlling company and are disclosed in detail in the statement of changes
in equity.
Fair value reserve in the amount of EUR -9,391,631 includes:
• fair value reserve of the controlling company in the amount or EUR -8,169,827 (detailed
disclosure in the financial report of the controlling company), and
• The controlling company’s share in the fair value reserve of the subsidiaries in total
amount of EUR -1,221,804 (mostly fair value of financial instruments for hedging against
changeability of cash flows).
Retained earnings are comprised of the controlling company’s share in retained earnings of
its subsidiaries in the amount of EUR 369,612,754, unallocated profit of the current year of
the controlling company in the amount of EUR 21,477,090 and the share of the controlling
company in operating profit or loss of the current year of the subsidiaries in the amount of
EUR 47,815,764, decreased in consolidation procedure by EUR -1,670,868 (more detailed
disclosure in Section 5.5.8.2 (29). Retained earnings of the PG Group increased by EUR
1,173,433 (more details available in the statement of changes in equity).
5 Financial Report of HSE Group
Annual Report HSE 2012
192
Consolidation equity adjustment represents exchange differences in translation of financial
statements of subsidiaries abroad in presentation currency of the Group.
The equity of minority owners which participate in equity of six subsidiaries is presented
separately and is disclosed in more detail in the statement of changes in equity.
The amount of subsidiaries’ equity eliminated during consolidation totalled EUR
1,045,333,127.