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DES 9M Englisch

Nine-month report 2013 DES Nine-month report 2013 { 13 } SEGMENT REPORTING As a holding company, Deutsche EuroShop AG holds equity interests in shopping centers in the European Union. The investees are pure real- estate shelf companies without staff of their own. Operational manage- ment is contracted out to external service providers under agency agree- ments, meaning that the companies’ activities are exclusively restricted to asset management. The companies are operated 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 valuation prin- ciples for the segment reporting correspond to those of the Group. Intra-Group activities between the segments are eliminated in the rec- onciliation statement. In view of the geographical segmentation, no further information pur- suant to IFRS 8.33 is given.   Breakdown by geographical segment Domes- tic Interna- tional Recon- ciliation Total Revenue 127,365 10,827 0 138,192 (previous year’s figures) (106,384) (10,589) (0) (116,973) Domes- tic Interna- tional Recon- ciliation Total EBIT 115,264 9,311 -4,074 120,501 (previous year’s figures) (95,592) (9,611) -(4,217) (100,986) Domes- tic Interna- tional Recon- ciliation Total Net interest income -36,657 -2,942 -2,755 -42,354 (previous year’s figures) -(34,751) -(2,954) -(928) -(38,633) Domes- tic Interna- tional Recon- ciliation Total Earnings before tax (EBT) 77,642 8,228 7,806 93,676 (previous year’s figures) (53,617) (4,858) (12,522) (70,997) in € thousands in € thousands in € thousands in € thousands Domestic Interna- tional Total Segment assets 3,093,511 220,050 3,313,561 (previous year’s figures) (2,940,536) (218,782) (3,159,318) of which invest- ment properties 2,668,168 214,672 2,882,840 (previous year’s figures) (2,276,740) (214,023) (2,490,763) Other disclosures Dividend In the reporting period 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 opportunities and risks associated with the expected development of the Group for the remainder of the financial year. Hamburg, November 2013     Claus-Matthias Böge Olaf Borkers in € thousands