Annual Report 2013 | Suomeksi |

Consolidated statement of changes in total equity

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Share
capital
Share
premium
Retained
earnings
Other equity
components
Owners
of the
parent
Non-
controlling
interests
Total
equity
EUR million Note Retained
earnings
and
other
funds
Translation
of foreign
operations
Cash
flow
hedges
Other
OCI
items
OCI items
associated
companies
Total equity 31 December 2012 3,046 73 7,193 -173 34 -133 0 10,040 603 10,643
Net profit for the period 1,204 1,204 75 1,279
Translation differences -476 -1 2 4 -471 -25 -496
Other comprehensive income 35 72 41 148 10 158
Total comprehensive income for the period 1,204 -476 34 74 45 881 60 941
Cash dividend 15 -888 -888 -888
Dividends to non-controlling interests 0 -26 -26
Changes due to business combinations 8 1 1 1
Other changes -10 -10 1 -9
Total equity 31 December 2013 3,046 73 7,500 -649 68 -59 45 10,024 638 10,662
Total equity 31 December 2011 3,046 73 6,670 -352 136 -2 61 9,632 529 10,161
Change in accounting policy -106 -5 -111 -13 -124
Total equity 1 January 2012 3,046 73 6,670 -352 136 -108 56 9,521 516 10,037
Net profit for the period 1,416 1,416 96 1,512
Translation differences 179 4 -3 3 183 21 204
Other comprehensive income -106 -22 -59 -187 -5 -192
Total comprehensive income for the period 1,416 179 -102 -25 -56 1,412 112 1,524
Cash dividend 15 -888 -888 -888
Dividends to non-controlling interests 0 -26 -26
Changes due to business combinations 8 0 2 2
Other changes -5 -5 -1 -6
Total equity 31 December 2012 3,046 73 7,193 -173 34 -133 0 10,040 603 10,643
Translation differences
Translation of financial information from subsidiaries in foreign currency is done using average rate for the income statement and end rate for the balance sheet. The exchange rate differences occurring from translation to EUR are booked to equity. Translation differences impacted equity attributable to owners of the parent company by EUR -471 million during 2013 (2012: 183) including the net effect from RUB, NOK and SEK amounting to EUR -465 million in 2013 (2012: 173).
For information regarding exchange rates used, see Note 1 Accounting policies.
For information about translation exposure, see Note 3.6 Interest rate risk and currency risk.
Cash flow hedges
The impact on equity attributable to owners of the parent from fair valuation of cash flow hedges, EUR 34 million (2012: -102), mainly relates to cash flow hedges hedging electricity price for future transactions. When electricity price is lower/higher than the hedging price, the impact on equity is positive/negative.
Non-controlling interests
The main changes in non-controlling interests in equity are dividend distributions to non-controlling interests EUR -26 million (2012: -26).
Change in accounting policy
Comparative period information has been restated due to the accounting change for pensions, see Note 1.6.1.
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