Consolidated financial statements
Consolidated statement of changes in shareholders' equity
* Rounded below EUR 1m.
Neutral changes in issued capital and capital reserves for 2007 result from the conversion of EUR 40,000 of convertible bonds (Lufthansa Convertible due 2012) on 5 April 2007. The neutral changes in the revaluation reserve come from the revaluation of assets and liabilities in the course of the first-time consolidation of the SWISS group and relate to the stake of 49 per cent already held by the Group. Of the neutral changes in the other neutral reserves for 2007, a total of EUR 571m relates to the acquisition of minority interests in the SWISS group (51 per cent), the value of which went up by EUR 246m following the revaluation of assets and liabilities.
Further changes in the other neutral changes for 2007 result from valuation under the equity method; of these EUR – 2m (previous year: EUR – 43m) relate to associated companies.
Of the other neutral changes in the other neutral reserves for 2006, EUR –102m result from the redemption of the Lufthansa convertible bond in January 2006.
The cash flow statement shows how cash and cash equivalents have changed over the reporting period at the Lufthansa Group. In accordance with IAS 7 the cash flows are divided according to cash flow from operating activities, cash flow from investing activities and cash flow from financing activities. The cash and cash equivalents shown in the cash flow statement correspond to the balance sheet item cash and cash equivalents. The amount of liquidity in the broader sense is reached by adding short-term securities.