17 Shareholders’ equity (1,000 €) Group Parent company
2013 2012 2013 2012
Restricted equity
Share capital on 1 Jan. 370,013 370,013 370,013 370,013
Share capital on 31 Dec. 370,013 370,013 370,013 370,013
Share premium account 1 Jan. 525,808 525,808 525,754 525,754
Change during the year 0 0 0 0
Share premium account 31 Dec. 525,808 525,808 525,754 525,754
Restricted equity, total 895,822 895,822 895,767 895,767
Non-restricted shareholders’ equity
Retained earnings 1 Jan. 528,786 489,659 260,515 250,406
Dividend distribution
Change in accounting principles for stocks
and net result of depreciation difference -746 327 -746 0
Translation differences 62 32
Retained earnings 31 Dec. 528,102 490,018 259,769 250,406
Profit for the year 65,310 38,768 10,699 10,109
Non-restricted shareholders’ equity, total 593,412 528,786 270,468 260,515
Shareholders’ equity, total 1,489,234 1,424,607 1,166,235 1,156,283
Calculation of distributable funds (1,000 €) Parent company
2013 2012
Retained earnings 0 250,406
Profit for the year 0 10,109
Distributable funds, total 0 260,516
18 Provisions (1,000 €) Group
Voluntary provisions 2013 2012
Housing provision 0 0
Voluntary provisions are divided in the consolidated financial statements into the profit for the year and the deferred tax liability.
Obligatory provisions
Obligatory provisions of M€ 8.5 (7.6) comprise expected warranty costs of M€ 0.0 (0.2) on long-term construction projects, provisions for loss-making orders/contracts of M€ 6.9 (6.9), future costs of M€ 0.0 (0.1) from dismantling a radio network, environmental provisions of M€ 1.0 (0.9) and costs of M€ 0.0 (0.7) arising from the changes in the Group and the reorganization.
The parent company’s obligatory provisions consist of environmental provisions of M€ 1.0 (0.3) and costs of M€ 0.0 (0.2) arising from the structural changes in the Group and the reorganization.
Impact of voluntary provisions and depreciation difference on the balance sheet Group
2013 2012
Voluntary provisions 0 0
Depreciation difference 349,547 289,243
349,547 289,243
Transfer to shareholders’ equity 279,667 214,292
Deferred tax liability 69,909 74,621
Minority interest -29 329
Change in tax rate entered in result 0 0
349,547 289,243
Deferred tax liability and receivables
Deferred tax receivables 2013 2012
From difference in accrual periods 2,484 6,238
Deferred tax liability
From transfers in financian statements 69,909 71,007
Impact of voluntary provisions and depreciation difference on the profit and loss account Group
2013 2012
Change in voluntary provisions 0 -933
Change in depreciation difference 60,304 39,710
60,304 38,788
Change affecting profit for the year 48,265 29,582
Change in deferred tax liability 12,061 9,500
Change affecting minority interest -21 -305
Change in tax rate entered in result 0 0
60,304 38,778