Annual Report 2016

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6.14 Non-controlling interests

Non-controlling interests in the shareholders’ equity of subsidiaries are reported separately within Group shareholders’ equity in accordance with IAS 1 “Presentation of Financial Statements”. They amounted to EUR 743.3 million (EUR 709.1 million) as at the balance sheet date.

Non-controlling interests in partnerships are reported in accordance with IAS 32 “Financial Instruments: Presentation” under long-term liabilities. The non-controlling interest in profit or loss, which forms part of net income and is shown separately after net income as a “thereof” note, amounted to EUR 55.2 million (EUR 64.0 million) in the year under review.

Subsidiaries with material non-controlling interests
2016 2015
in EUR thousandE+S Rückversicherung AG, Hannover, Germany
Participation of non-controlling interests35.21%35.21%
Voting rights of non-controlling interests35.21%35.21%
 
Net income133,367147,794
thereof attributable to non-controlling interests46,95652,036
 
Income / expense recognised directly in equity60,473(41,416)
Total recognised income and expense193,840106,378
 
Shareholders’ equity1,978,5461,894,706
thereof attributable to non-controlling interests696,615667,096
 
Dividends paid110,000120,000
thereof attributable to non-controlling interests38,72942,250
 
Assets10,627,94011,321,496
Liabilities8,649,3949,426,790
Cash flow from operating activities293,299358,705
Cash flow from investing activities(187,314)(239,012)
Cash flow from financing activities(110,000)(124,365)
6.13 Shareholders’ equity and treasury shares
7. Notes on the individual items of the statement of income : 7.1 Gross written premium
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6.14 Non-controlling interests

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