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