Chapters
Annual Report 2018

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

2018

2017

At 1 January

1,128,524

981,384

Result for the year

216,278

227,929

Dividends paid

- 81,147

- 78,363

Acquisition of non-controlling interest

- 4,539

- 651

Share-based payments

- 90

- 1,775

At 31 December

1,259,026

1,128,524

For 2018, it is proposed to the General Meeting to distribute a total dividend of €83,743 or EUR 0.33 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 6 May 2019.

For 2017, a total dividend of EUR 0.32 per share was paid out in the first half year of 2018 for a total of €81,147. For 2016, a total dividend of EUR 0.31 per share was paid out in the first half year of 2017 for a total of €78,363.

Acquisition of non-controlling interest in 2018 is mainly related to the purchase of the non-controlling shares in the United Kingdom.