REPOWER

Consolidated financial statements of the Repower Group

Changes in consolidated shareholders' equity

Changes in consolidated shareholders’ equity
  Share capital Participa- tion capital Treasury shares Retained earnings Actuarial profit/loss from pension plans Fair value adj. of fin. instr. Accu- mulated translation differences Shareholders' equity excluding non- controlling interests Non-controlling interests Total share- holders' equity
                     
Equity at 1 January 2014 2,783 625 -12 778,219 11,858 -454 -44,192 748,827 56,124 804,951
                     
Group result       -32,599       -32,599 26 -32,573
Other comprehensive income         -4,109 454 3,897 242 -639 -397
Comprehensive income for the period       -32,599 -4,109 454 3,897 -32,357 -613 -32,970
                     
Dividends (excl. treasury shares)       -6,802       -6,802 -816 -7,618
Purchase/sale of treasury shares     11 1,403       1,414   1,414
Tax effect treasury shares       51       51   51
Purchase/sale of non-controlling interests     1 245       246 -436 -190
Capital increase, non-controlling interests               - 318 318
Equity at 31 December 2014 2,783 625 - 740,517 7,749 - -40,295 711,379 54,577 765,956
                     
Equity at 1 January 2015 2,783 625 - 740,517 7,749 - -40,295 711,379 54,577 765,956
                     
Group result       -120,363       -120,363 -15,944 -136,307
Other comprehensive income         -11,333   -14,830 -26,163 -2,686 -28,849
Comprehensive income for the period       -120,363 -11,333 - -14,830 -146,526 -18,630 -165,156
                     
Dividends (excl. treasury shares)               - -931 -931
Equity at 31 December 2015 2,783 625 - 620,154 -3,584 - -55,125 564,853 35,016 599,869

The notes are an integral part of these consolidated financial statements.