ANNUAL REPORT 2013

FINANCIALS

17. Shareholders' equity


EUR 2013 2012
Share capital
Jan 1 77,510,200.00 77,510,200.00
Share capital, Dec 31 77,510,200.00 77,510,200.00



Revaluation reserve
Jan 1 3,789,720.00 3,789,720.00
Revaluation reserve, Dec 31 3,789,720.00 3,789,720.00



Treasury shares
Jan 1 -864,706.21 -864,706.21
Cancellation of treasury shares 864,706.21
Treasury shares, Dec 31 0.00 -864,706.21



Other reserves
Jan 1 3,204,313.18 3,204,313.18
Other reserves, Dec 31 3,204,313.18 3,204,313.18



Retained earnings
Jan 1 779,659,991.60 449,614,854.32
Cancellation of treasury shares -864,706.21
Dividends -53,238,407.30 -112,186,960.94
Net profit 96,948,896.60 442,232,098.22
Retained earnings, Dec 31 822,505,774.69 779,659,991.60
Less treasury shares
-864,706.21
Distributable earnings, Dec 31 822,505,774.69 778,795,285.39






18. Appropriations


EUR 2013 2012
Depreciation in excess of plan, Jan 1 622,913.84 1,025,760.98
Changes during the year -216,548.03 -402,847.14
Depreciation in excess of plan, Dec 31 406,365.81 622,913.84



The deferred tax liabilities, 20.0% from appropriations, have not been recognized.