Notes on the consolidated balance sheet – liabilities

(16) Shareholders’ equity

Shareholders’ equity is shown as a separate component of the consolidated financial statement in accordance with IAS 1 “Presentation of Financial Statements” and IAS 32 “Financial Instruments: Disclosure and Presentation” in conjunction with IAS 39 “Financial Instruments: Recognition and Measurement”. The change in shareholders’ equity comprises not only the net income deriving from the statement of income but also the changes in the value of asset and liability items not recognized in the statement of income.

The share capital of Talanx AG remains unchanged at EUR 260 million and is divided into 260,000 registered no-par shares. The share capital is fully paid up. With regard to the composition of the shareholders’ equity, please see the “Consolidated statement of changes in equity”.

Minority interests are established in accordance with the shares held by companies outside the Group in the shareholders’ equity of the subsidiaries – principally in the shareholders’ equity of the Hannover Re Group.

Minority interests

2010

2009 1)

Figures in EUR million

   

Unrealized gains and losses from investments

225

169

Minority interest in net profit

450

408

Other shareholder’s equity

2,360

2,002

Total

3,035

2,579


1) Adjusted on the basis of IAS 8

The equity-affecting changes in financial instruments – allocated to the category of “financial assets available for sale” within the Group – before allowance for policyholders, minority interests and deferred taxes were as follows:

 

2010

2009

Figures in EUR million

   

Allocation of gains/losses from the fair value measurement of the “financial assets available for sale” (unrealized gains and losses)

97

1,098

Transfer of gains/losses from the fair value measurement of the
“financial assets available for sale” to the result for the reporting period

–216

–95