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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated balance sheet Retained earnings

27. Retained earnings

On a resolution proposed by the Management Board and approved by the Supervisory Board, the General Meeting of Shareholders voted to declare a dividend of 108.4 million euros for 2012. This amount was deducted from retained earnings when paid in 2013. The dividend for 2011, which amounted to 97.5 million euros, was paid out and deducted from retained profits in 2012.

The entire net result for 2013 was added to retained earnings, which, at 31 December 2013, therefore included the proposed dividend distribution for 2013, as detailed in the Other information section.