in thousands of EUR | Notes | 2019 | 2018 |
|---|---|---|---|
Result for the year | 195,371 | 237,296 | |
Other Comprehensive Income: | |||
Items that will not be reclassified to Income Statement | |||
Remeasurement of post-employment benefit obligations | - 26,100 | 7,750 | |
Income tax relating to this item | 5,879 | - 2,130 | |
- 20,221 | 5,620 | ||
Items that may be subsequently reclassified to Income Statement | |||
Currency translation differences | 15,534 | - 15,136 | |
Share of Other Comprehensive Income of Associates and Joint Ventures | 1 | - 31 | |
Cash flow hedges | - 4,283 | 2,308 | |
Income tax | 1,021 | - 586 | |
12,273 | - 13,445 | ||
Other Comprehensive loss (net of tax) | - 7,948 | - 7,825 | |
Total comprehensive income for the year (net of tax) | 187,423 | 229,471 | |
Attributable to: | |||
Equity holders | 171,805 | 207,361 | |
Non-controlling interests | 15,618 | 22,110 | |
187,423 | 229,471 |
GrandVision has applied IFRS 16 at 1 January 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of applying IFRS 16 is recognized in retained earnings. The accompanying notes are an integral part of these consolidated financial statements.