17 | Shareholders’ equity (1,000 €) | Group | Parent company | |||
2013 | 2012 | 2013 | 2012 | |||
Restricted equity | ||||||
Share capital on 1 Jan. | 370,013 | 370,013 | 370,013 | 370,013 | ||
Share capital on 31 Dec. | 370,013 | 370,013 | 370,013 | 370,013 | ||
Share premium account 1 Jan. | 525,808 | 525,808 | 525,754 | 525,754 | ||
Change during the year | 0 | 0 | 0 | 0 | ||
Share premium account 31 Dec. | 525,808 | 525,808 | 525,754 | 525,754 | ||
Restricted equity, total | 895,822 | 895,822 | 895,767 | 895,767 | ||
Non-restricted shareholders’ equity | ||||||
Retained earnings 1 Jan. | 528,786 | 489,659 | 260,515 | 250,406 | ||
Dividend distribution | ||||||
Change in accounting principles for stocks | ||||||
and net result of depreciation difference | -746 | 327 | -746 | 0 | ||
Translation differences | 62 | 32 | ||||
Retained earnings 31 Dec. | 528,102 | 490,018 | 259,769 | 250,406 | ||
Profit for the year | 65,310 | 38,768 | 10,699 | 10,109 | ||
Non-restricted shareholders’ equity, total | 593,412 | 528,786 | 270,468 | 260,515 | ||
Shareholders’ equity, total | 1,489,234 | 1,424,607 | 1,166,235 | 1,156,283 | ||
Calculation of distributable funds (1,000 €) | Parent company | |||||
2013 | 2012 | |||||
Retained earnings | 0 | 250,406 | ||||
Profit for the year | 0 | 10,109 | ||||
Distributable funds, total | 0 | 260,516 | ||||
18 | Provisions (1,000 €) | Group | ||||
Voluntary provisions | 2013 | 2012 | ||||
Housing provision | 0 | 0 | ||||
Voluntary provisions are divided in the consolidated financial statements into the profit for the year and the deferred tax liability. | ||||||
Obligatory provisions | ||||||
Obligatory provisions of M€ 8.5 (7.6) comprise expected warranty costs of M€ 0.0 (0.2) on long-term construction projects, provisions for loss-making orders/contracts of M€ 6.9 (6.9), future costs of M€ 0.0 (0.1) from dismantling a radio network, environmental provisions of M€ 1.0 (0.9) and costs of M€ 0.0 (0.7) arising from the changes in the Group and the reorganization. | ||||||
The parent company’s obligatory provisions consist of environmental provisions of M€ 1.0 (0.3) and costs of M€ 0.0 (0.2) arising from the structural changes in the Group and the reorganization. | ||||||
Impact of voluntary provisions and depreciation difference on the balance sheet | Group | |||||
2013 | 2012 | |||||
Voluntary provisions | 0 | 0 | ||||
Depreciation difference | 349,547 | 289,243 | ||||
349,547 | 289,243 | |||||
Transfer to shareholders’ equity | 279,667 | 214,292 | ||||
Deferred tax liability | 69,909 | 74,621 | ||||
Minority interest | -29 | 329 | ||||
Change in tax rate entered in result | 0 | 0 | ||||
349,547 | 289,243 | |||||
Deferred tax liability and receivables | ||||||
Deferred tax receivables | 2013 | 2012 | ||||
From difference in accrual periods | 2,484 | 6,238 | ||||
Deferred tax liability | ||||||
From transfers in financian statements | 69,909 | 71,007 | ||||
Impact of voluntary provisions and depreciation difference on the profit and loss account | Group | |||||
2013 | 2012 | |||||
Change in voluntary provisions | 0 | -933 | ||||
Change in depreciation difference | 60,304 | 39,710 | ||||
60,304 | 38,788 | |||||
Change affecting profit for the year | 48,265 | 29,582 | ||||
Change in deferred tax liability | 12,061 | 9,500 | ||||
Change affecting minority interest | -21 | -305 | ||||
Change in tax rate entered in result | 0 | 0 | ||||
60,304 | 38,778 |