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DES GB2012 E

Notes to the Consolidated financial statements – Liabilities According to Article 5 of the Articles of Association, the Executive Board is still authorised, subject to the approval of the Supervisory Board, to increase the Company’s share capital by up to a total of € 12,226,331 on one or mul- tiple occasions until 16 June 2015 by issuing no-par-value registered shares against cash and /or non-cash contribu- tions (approved capital 2010). The Executive Board is authorised, subject to the approval of the Supervisory Board and until 15 June 2016, to issue con- vertible bonds with a total nominal value of up to € 200,000,000 and maturities of up to ten years and to grant the holders of the respective, equally privileged, bonds conversion rights to new no-par-value shares in the Company up to a total of 10,000,000 shares (€ 10.0 million) in accordance with the detailed provisions of the terms and conditions for convertible bonds (“bond conditions”, conditional capital 2011).The convertible bonds may also pay a variable rate of interest, in which case, as with a participating bond, the interest may be dependent in full or in part on the level of the Company’s dividend. The parent company of the Group, Deutsche EuroShop AG, is reporting an unappropriated surplus of €  80,643 thousand. The Executive Board and the Supervisory Board will propose to distribute € 64,735 of the surplus as a dividend of € 1.20 per share at the Annual General Meeting on 20 June 2013 and to carry forward the remaining € 15,908 thou- sand to next year’s accounts. The previous year’s unappropriated surplus was distributed in full to the shareholders. The dividend paid was € 1.10 per share. The capital reserves contain amounts in accordance with section 272 (2) nos. 1, 2 and 4 of the Handelsgesetzbuch (HGB – German Commercial Code). Retained earnings consists primarily of the remeasurement reserves and currency items recognised at the time of transition to IFRS. Other total income is divided into the following components: Before taxes Taxes Net Measurement of investments (AfS) IAS 39 2,478 0 2,478 Cash flow hedge -14,468 1,344 -13,124 -11,990 1,344 -10,646 Before taxes Taxes Net Measurement of investments (AfS) IAS 39 3,930 0 3,930 Cash flow hedge -16,405 5,613 -10,792 Currency conversion foreign companies -373 71 -302 -12,848 5,684 -7,164 12. Non-current and current financial liabilities 31.12.2012 31.12.2011 Non-current bank loans and overdrafts 1,371,154 1,335,986 Current bank loans and overdrafts 194,137 136,163 Bonds 91,943 0 1,657,234 1,472,149 2012 in € million Total 2011 in € million Total € thousand Total consolidated financial statements { 162 } DES annual report 2012