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 709.1 million (EUR 702.2 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 64.0 million (EUR 79.5 million) in the year under review.
| Subsidiaries with material non-controlling interests | |||||
|---|---|---|---|---|---|
| in EUR thousand | 2015 | 2014 | |||
| E+S Rückversicherung AG, Hannover, Germany | |||||
| Participation of non-controlling interests | 35.21% | 35.21% | |||
| Voting rights of non-controlling interests | 35.21% | 35.21% | |||
| Net income | 147,794 | 211,042 | |||
| thereof attributable to non-controlling interests | 52,036 | 76,341 | |||
| Income / expense recognised directly in equity | (41,416) | 95,661 | |||
| Total recognised income and expense | 106,378 | 306,703 | |||
| Shareholders’ equity | 1,894,706 | 1,908,328 | |||
| thereof attributable to non-controlling interests | 667,096 | 671,892 | |||
| Dividends paid | 120,000 | 110,000 | |||
| thereof attributable to non-controlling interests | 42,250 | 39,946 | |||
| Assets | 11,321,496 | 11,291,744 | |||
| Liabilities | 9,426,790 | 9,383,417 | |||
| Cash flow from operating activities | 358,705 | 387,294 | |||
| Cash flow from investing activities | (239,012) | (262,061) | |||
| Cash flow from financing activities | (124,365) | (111,409) | |||
