Notes on the consolidated balance sheet – liabilities
(16) Shareholders’ equity
Shareholders’ equity is shown as a separate component of the consolidated financial statement in accordance with IAS 1 “Presentation of Financial Statements” and IAS 32 “Financial Instruments: Disclosure and Presentation” in conjunction with IAS 39 “Financial Instruments: Recognition and Measurement”. The change in shareholders’ equity comprises not only the net income deriving from the statement of income but also the changes in the value of asset and liability items not recognized in the statement of income.
The share capital of Talanx AG remains unchanged at EUR 260 million and is divided into 260,000 registered no-par shares. The share capital is fully paid up.
Minority interests are established in accordance with the shares held by companies outside the Group in the shareholders’ equity of the subsidiaries.
The equity-affecting changes in the available-for-sale portfolio before allowance for policyholders, minority interests and deferred taxes were as follows.
| 2008 | 20071) |
Figures in EUR million |
|
|
Transfer of gains(–)/losses(+) from the fair value measurement of the available-for-sale portfolio to the result for the reporting period | –328 | –77 |
Minority interests | 2008 | 20071) |
Figures in EUR million |
|
|
Unrealized gains and losses from investments | –62 | 140 |
Minority interest in net profit | –66 | 522 |
Other shareholder’s equity | 2,232 | 1,769 |
Total | 2,104 | 2,431 |
| ||
Changes in shareholders’ equity and minority interests
IAS 1 “Presentation of Financial Statements” requires detailed disclosures in the Notes that enable the readers of the financial statements to understand the objectives, methods and processes of capital management and provide supplementary information on changes in Group shareholders’ equity.
In this context please see the following remarks as well as the information contained in the management report regarding capital and performance management as well as value-based management.