Statement of management fees
For the purposes of more transparent presentation of the consolidated income statement as of 2015, income from management fees, which in previous years was deducted from operating expenses, is reported under investment income. Prior-year amounts have been adjusted accordingly.
Deferred tax
An adjustment was made to a deferred tax liability in the reporting year amounting to € 33 million, which was recognised in 2011 in connection with a proportion allocated to the IAS 39 category “Available for sale” within the scope of a benefit in kind. Prior-year amounts have been adjusted accordingly. The adjustments are shown in the consolidated statement of changes in equity.
Presentation of deferred liabilities
In order to achieve a transparent presentation of the balance sheet, starting in the 2015 financial year debt that was reported in the previous year under other provisions is now reported under liabilities and other items classified as equity and liabilities. This essentially includes liabilities to employees. Prior-year amounts have been adjusted accordingly.
Consolidated statement of cash flows
With the objective of enabling a clearer presentation of cash flows, reclassifications have been made compared to the presentation in the previous years. The figures for the previous year have been adjusted accordingly.The impact of the adjustments described above on the consolidated statement of financial position and the consolidated income statement is presented below:
Consolidated statement of financial position |
31/12/2014 Adjusted |
31/12/2014 Published |
31/12/2014 Adjustment |
In € thousand |
|
|
|
Liabilities |
|
|
|
Other provisions |
801,837 |
833,914 |
–32,077 |
Liabilities and other items classified as equity and liabilities |
1,400,828 |
1,368,751 |
32,077 |
Total equity and liabilities |
33,038,153 |
33,038,153 |
0 |
Consolidated income statement |
2014 Adjusted |
2014 Published |
Adjustment 2014 |
In € thousand |
|||
|
|
|
|
b) Other operating expenses |
–386,558 |
–362,782 |
–23,776 |
Technical result |
127,706 |
151,482 |
–23,776 |
|
|
|
|
Net investment income |
888,151 |
864,375 |
23,776 |
Non-technical result |
319,860 |
296,084 |
23,776 |
Profit/(loss) for the year |
292,877 |
292,877 |
0 |
|
|
|
|
Earnings per share (in €) |
0.94 |
0.94 |
0.00 |
