Financial reportAbridged consolidated financial statements

Consolidated statement of profit or loss

T€ Disclosure 2018 2017
Revenue 1) VI.1 1,508,817 1,468,735
Changes in inventories and work in progress   -672 672
Own work capitalized VI.2 15,835 13,017
Other income VI.3 29,731 30,368
Total income   1,553,711 1,512,792
Cost of materials VI.4 -393,602 -398,988
Personnel expenses VI.5 -507,713 -482,081
Other expenses VI.6 -114,318 -111,736
Earnings before interest, taxes, depreciation, and amortization (EBITDA)   538,078 519,987
Depreciation and amortization VI.7 -215,862 -217,617
Operating result (EBIT)   322,216 302,370
Interest result VI.8 -84,257 -83,605
Other financial result VI.8 -17,813 8,843
Financial result   -102,070 -74,762
Result from companies accounted for using the equity method VII.4 1,173 1,632
Earnings before taxes (EBT)   221,319 229,240
Income taxes VI.9 -72,586 -70,440
Group profit/loss for the year (EAT)   148,733 158,800
of which assignable to owners of the company   148,732 158,800
of which assignable to non-controlling interests   1 0
1) Due to the application of the cumulated retrospective method as part of the first-time application of IFRS 15, the previous year’s figures have not been adjusted.

Consolidated statement of comprehensive income

T€ Disclosure 2018 2017
Group profit/loss for the year   148,733 158,800
Cash flow hedging VII.16 10,742 18,464
Deferred taxes not affecting profit or loss VII.6 -2,149 -3,691
Items to be reclassified to the statement of profit or loss   8,593 14,773
Actuarial gains/losses VII.17 811 -314
Deferred taxes not affecting profit or loss VII.6 -225 88
Items not to be reclassified to the statement of profit or loss   586 -226
Other comprehensive income net of tax   9,179 14,547
Total comprehensive income   157,912 173,347
of which assignable to owners of the company   157,911 173,347
of which assignable to non-controlling interests   1 0

Consolidated statement of financial position

Assets      
T€ Disclosure Dec. 31, 2018 Dec. 31, 2017
Intangible assets VII.1 19,572 17,477
Property, plant, and equipment VII.2 4,804,150 4,821,038
Investment property VII.3 150,889 151,872
Investments in companies accounted for using the equity method VII.4 3,657 4,116
Receivables 1) VII.5 3,539 53
Other financial assets VII.5 183 290
Deferred tax assets VII.6 4,864 4,148
Other assets 1) VII.9 6,631 774
Non-current assets   4,993,485 4,999,768
Inventories VII.7 39,193 41,567
Receivables 1) VII.8 76,057 86,545
Contract assets 1) VII.23 4,617 -
Other financial assets VII.8 0 202
Current income tax assets   4,899 5,496
Other assets 1) VII.9 9,243 7,066
Short-term deposits VII.10 209,446 158,000
Cash and cash equivalents VII.10 12,377 6,625
Current assets   355,832 305,501
Assets held for sale VII.11 1,495 1,015
Assets   5,350,812 5,306,284
 
Equity and Liabilities      
T€ Disclosure Dec. 31, 2018 Dec. 31, 2017
Subscribed capital VII.12 306,776 306,776
Reserves VII.12 151,353 150,767
Other equity VII.12 1,754,388 1,628,698
Non-controlling interests   14 13
Equity   2,212,531 2,086,254
Financial liabilities from interests in partnerships VII.14 346,058 315,375
Payables 1) VII.15 12,365 12,498
Other financial liabilities VII.15 1,314,692 1,393,047
Employee benefits VII.17 50,864 50,163
Other provisions VII.18 89,769 91,300
Deferred tax liabilities VII.6 427,140 435,540
Other liabilities 1) VII.20 16,886 17,305
Non-current liabilities   1,911,716 1,999,853
Payables 1) VII.19 162,502 159,303
Contract liabilities 1) VII.23 2,045 -
Other financial liabilities VII.19 640,442 677,649
Employee benefits VII.17 43,485 40,887
Other provisions VII.18 14,131 9,924
Current income tax liabilities   5,227 5,623
Other liabilities 1) VII.20 12,675 11,416
Current liabilities   880,507 904,802
Equity and liabilities   5,350,812 5,306,284
1) Due to the application of the cumulated retrospective method as part of the first-time application of IFRS 15, the previous year’s figures have not been adjusted.

Consolidated statement of changes in equity

  Disclosure Subscribed capital Reserves Other equity Non-controlling interests Equity
T€     Capital reserve Revenue reserve      
As of Dec. 31, 2016 VII.12 306,776 102,258 48,735 1,485,125 13 1,942,907
Group profit/loss for the year   0 0 0 158,800 0 158,800
Other comprehensive income   0 0 -226 14,773 0 14,547
Total comprehensive income   0 0 -226 173,573 0 173,347
Distributions   0 0 0 -30,000 0 -30,000
Deconsolidation   0 0 0 0 0 0
Transactions with shareholders   0 0 0 -30,000 0 -30,000
Allocation to reserves   0 0 0 0 0 0
Change in reserves   0 0 0 0 0 0
As of Dec. 31, 2017 VII.12 306,776 102,258 48,509 1,628,698 13 2,086,254
Impact arising from first-time application of IFRS 9 II.2 0 0 0 -1,635 0 -1,635
As of Jan. 1, 2018   306,776 102,258 48,509 1,627,063 13 2,084,619
Group profit/loss for the year   0 0 0 148,732 1 148,733
Other comprehensive income   0 0 586 8,593 0 9,179
Total comprehensive income   0 0 586 157,325 1 157,912
Distributions   0 0 0 -30,000 0 -30,000
Transactions with shareholders   0 0 0 -30,000 0 -30,000
As of Dec. 31, 2018 VII.12 306,776 102,258 49,095 1,754,388 14 2,212,531

Consolidated statement of cash flow

T€ Disclosure 2018 2017
Total comprehensive income   157,912 173,347
Deferred taxes not affecting profit or loss   2,374 3,603
Actuarial gains/losses   -811 314
Cash flow hedging   -10,742 -18,464
Group profit/loss for the year (EAT)   148,733 158,800
Result from companies accounted for using the equity method   -1,173 -1,632
Income taxes   72,586 70,440
Financial result   102,070 74,762
Operating result (EBIT)   322,216 302,370
Depreciation and amortization   215,862 217,617
Gains/losses from disposal of fixed assets   3,104 1,553
Increase/decrease in inventories   2,374 1,198
Increase/decrease in current receivables   10,487 -20,732
Increase/decrease in liabilities   3,234 -23,800
Increase/decrease in employee benefits   3,393 7,160
Increase/decrease in other provisions   4,451 -6,314
Increase/decrease in other assets/liabilities not related to investing and financing activities   -12,950 7,019
Gross cash flow from operating activities   552,171 486,071
Net income taxes paid/received   -83,875 -104,150
Cash flow from operating activities   468,296 381,921
Proceeds from sale of owner-occupied property, plant, and equipment   5,853 18,016
Proceeds from sale of intangible assets   404 590
Proceeds from sale of investment property   117 106
Proceeds of distributions from associated companies   1,632 931
Payments for investments in owner-occupied property, plant, and equipment   -191,146 -125,851
Payments for investments in intangible assets   -8,328 -7,279
Payments for investments in investment property   -5,174 -3,200
Interest received   275 325
Changes in connection with companies not fully consolidated   96  
Changes in short-term deposits   -52,000 -146,000
Cash flow from investing activities   -248,271 -262,362
Payments for distributions to shareholders IX -30,000 -30,000
Proceeds from borrowings IX 13,200 33,184
Repayments of borrowings from banks IX -125,713 -69,175
Repayments of financial liabilities from interests in partnerships IX -22,330 0
Cash flows from Group-wide cash management with associates and shareholdings IX -572 -2,832
Interest paid (excluding borrowing costs for qualifying assets) IX -43,942 -45,549
Payments for borrowing costs for qualifying assets IX -4,916 -4,596
Cash flow from financing activities IX -214,273 -118,968
Change in cash and cash equivalents   5,752 591
Cash and cash equivalents at the beginning of the year   6,625 6,034
Cash and cash equivalents at the end of the year   12,377 6,625

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