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DES H1 E 2013

Interim Report H1 2013 DES Interim Report Q1 2013 { 12 } Withdrawal of Deutsche EuroShop AG from DB 12 Immobilienfonds As of 31 December 2012, Deutsche EuroShop withdrew as limited partner from DB Immobilienfonds 12 Main-Taunus-Zentrum KG (DB 12 KG). As compensation, Deutsche EuroShop received its lim- ited partnership interest in Main-Taunus-Zentrum KG, which had previously been held indirectly via DB 12 KG, plus a proportionate share of cash and cash equivalents in the amount of € 1.4 million. DB 12 KG had previously been fully consolidated. The company was deconsolidated on 1 January 2013, with the result that the follow- ing asset and liability items from the consolidated balance sheet as of 31 December 2012 are no longer shown: Cash and cash equivalents -2,973 Provisions and liabilities 155 Deconsolidation amount -2,818 This event did not have an impact on earnings. It increases the Com- pany’s direct shareholding in Main-Taunus-Zentrum KG from 5.74 % to 52.01 %. in €  thousand Increase in the shareholding in Altmarkt-Gal- erie Dresden KG With effect from 30 April 2013, Deutsche EuroShop AG acquired 33 % of Altmarkt-Galerie Dresden KG, thus taking its sharehold- ing to 100 %. The purchase price was € 70.2 million. The property company is fully consolidated from 1 May 2013. The first-time con- solidation resulted in an excess of identified net assets acquired over cost of acquisition of € 603 thousand, which was recognised under measurement gains / losses. Carrying amount Fair value Purchase price 70,216 Fair value net assets prior to effective control 109,745 109,745 Full amount of consideration 179,961 179,961 Net assets acquired: Property assets 390,785 390,785 Cash and cash equivalents 10,778 10,778 Receivables and other assets 1,342 1,342 Loan liabilities 187,107 187,107 Deferred taxes 21,428 Provisions 885 Other liabilities 12,921 12,921 180,564 180,564 Excess of identified net assets acquired over cost of acquisition -603 -603 in €  thousand