Chapters
Annual Report 2019

21. Retained Earnings

Accounting Policy
Dividends are recognized in equity in the reporting period in which they are declared.

The movements in Retained Earnings can be specified as follows:

in thousands of EUR

2,019

2,018

At 31 December

1,259,026

1,128,524

Adjustment on initial application of IFRS 16

- 70,083

-

Adjusted at 1 January

1,188,943

1,128,524

Result for the year

178,483

216,278

Dividends paid

- 83,743

- 81,147

Acquisition of non-controlling interest

- 386

- 4,539

Share-based payments

43

- 90

At 31 December

1,283,340

1,259,026

For 2019, it is proposed to the General Meeting to distribute a total dividend of €88,779 or EUR 0.35 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 4 May 2020.

For 2018, a total dividend of EUR 0.33 per share was paid out in the first half year of 2019 for a total of €83,743.