6.14 Non-controlling interests
Non-controlling interests in the shareholders’ equity of subsidiaries are reported separately within Group shareholders’ equity in accordance with IAS 1 “Presentation of Financial Statements”. They amounted to EUR 702.2 million (EUR 641.6 million) as at the balance sheet date.
Non-controlling interests in partnerships are reported in accordance with IAS 32 “Financial Instruments: Presentation” under long-term liabilities.
The non-controlling interest in profit or loss, which forms part of net income and is shown separately after net income as a “thereof” note, amounted to EUR 79.5 million (EUR 43.8 million) in the year under review.
| Subsidiaries with material non-controlling interests | |||||
|---|---|---|---|---|---|
| in EUR thousand | 2014 | 2013 | |||
| E+S Rückversicherung AG, Hannover, Germany | |||||
| Participation of non-controlling interests | 35.21% | 36.31% | |||
| Voting rights of non-controlling interests | 35.21% | 36.31% | |||
| Net income (in EUR thousand) | 211,042 | 103,960 | |||
| thereof attributable to non-controlling interests | 76,341 | 37,752 | |||
| Income / expense recognised directly in equity | 95,661 | -50,845 | |||
| Total recognised income and expense | 306,703 | 53,115 | |||
| Shareholders’ equity | 1,908,328 | 1,711,625 | |||
| thereof attributable to non-controlling interests | 671,892 | 621,563 | |||
| Dividends paid | 110,000 | 130,000 | |||
| thereof attributable to non-controlling interests | 39,946 | 47,208 | |||
| Assets | 11,292,700 | 13,502,177 | |||
| Liabilities | 9,383,417 | 11,796,441 | |||
| Cash flow from operating activities | 387,294 | 381,119 | |||
| Cash flow from investing activities | (262,061) | (252,691) | |||
| Cash flow from financing activities | (111,409) | (130,000) | |||
