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6.14 Non-controlling interests
Non-controlling interests in the shareholders’ equity of subsidiaries are reported separately within Group shareholders’ equity in accordance with IAS 1 “Presentation of Financial Statements”. They amounted to EUR 758.1 million (EUR 743.3 million) as at the balance sheet date.
Non-controlling interests in partnerships are reported in accordance with IAS 32 “Financial Instruments: Presentation” under long-term liabilities. The non-controlling interest in profit or loss, which forms part of net income and is shown separately after net income as a “thereof” note, amounted to EUR 86.0 million (EUR 55.2 million) in the year under review.
| Subsidiaries with material non-controlling interests | |||||
|---|---|---|---|---|---|
| 2017 | 2016 | ||||
| in EUR thousand | E+S Rückversicherung AG, Hannover, Germany | ||||
| Participation of non-controlling interests | 35.21% | 35.21% | |||
| Voting rights of non-controlling interests | 35.21% | 35.21% | |||
| Net income | 205,345 | 133,367 | |||
| thereof attributable to non-controlling interests | 72,299 | 46,956 | |||
| Income / expense recognised directly in equity | (63,859) | 60,473 | |||
| Total recognised income and expense | 141,486 | 193,840 | |||
| Shareholders’ equity | 1,995,032 | 1,978,546 | |||
| thereof attributable to non-controlling interests | 702,419 | 696,615 | |||
| Dividends paid | 125,000 | 110,000 | |||
| thereof attributable to non-controlling interests | 44,011 | 38,729 | |||
| Assets | 10,190,050 | 10,627,940 | |||
| Liabilities | 8,195,018 | 8,649,394 | |||
| Cash flow from operating activities | 214,794 | 293,299 | |||
| Cash flow from investing activities | (87,569) | (187,314) | |||
| Cash flow from financing activities | (125,000) | (110,000) | |||