Please activate JavaScript!
Please install Adobe Flash Player, click here for download

DES H1 E 2013

Interim Report H1 2013 DES Interim Report Q1 2013 { 13 } SEGMENT REPORTING As a holding company, Deutsche EuroShop AG holds equity inter- ests in shopping centers in the European Union. The investees are pure property shelf companies without staff of their own. Opera- tional management is contracted out to external service providers under agency agreements, meaning that the companies' activities are exclusively restricted to asset management. The companies are oper- ated individually. Due to the Company's uniform business activities within a relatively homogeneous region (the European Union), and in accordance with IFRS 8.12, separate segment reporting is presented in the form of a breakdown by domestic and international results. As the Group’s main decision-making body, the Deutsche EuroShop AG Executive Board largely assesses the performance of the segments based on the EBIT of the individual property companies. The valu- ation principles for the segment reporting correspond to those of the Group. Intra-Group activities between the segments are eliminated in the reconciliation statement. In view of the geographical segmentation, no further information pursuant to IFRS 8.33 is given.   Breakdown by geographical segment Domes- tic Inter­ national Recon- ciliation Total Revenue 81,652 7,192 0 88,844 (previous year’s figures) (70,740) (7,024) (0) (77,764) Domes- tic Inter­ national Recon- ciliation Total EBIT 74,481 5,858 -3,137 77,202 (previous year’s figures) (63,703) (6,570) -(3,297) (66,976) Domes- tic Inter­ national Recon- ciliation Total Net interest income -23.576 -1.959 -1.646 -27.181 (previous year’s figures) -(22.810) -(1.935) -(760) -(25.505) Domes- tic Inter­ national Recon- ciliation Total Earnings before tax (EBT) 52,719 5,309 -5,859 52,169 (previous year’s figures) (35,906) (3,432) (7,835) (47,173) in €  thousand in €  thousand in €  thousand in T€  Domestic Inter­ national Total Segment assets 3,123,845 219,117 3,342,962 (previous year’s figures) (2,940,536) (218,782) (3,159,318) of which invest- ment properties 2,667,629 214,557 2,882,186 (previous year’s figures) (2,276,740) (214,023) (2,490,763) Other disclosures Dividend A dividend of € 1.20 per share was distributed for financial year 2012 on 21 June 2013. Responsibility statement by the Executive Board To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim con- solidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportuni- ties and risks associated with the expected development of the Group for the remainder of the financial year. Hamburg, August 2013     Claus-Matthias Böge Olaf Borkers in €  thousand