|
Income statement for Deutsche Lufthansa AG in accordance with the German Commercial Code | |||
|
|
2008 |
2007 |
Change |
|
14,133 |
13,522 |
4.5 | |
|
Other revenue |
311 |
253 |
22.9 |
|
Total revenue |
14,444 |
13,775 |
4.9 |
|
Other operating income |
1,440 |
1,596 |
–9.8 |
|
Operating expenses |
–16,105 |
–14,628 |
14.2 |
|
Profit from operating activities |
–221 |
743 |
129.7 |
|
Financial result |
618 |
489 |
26.4 |
|
Profit from ordinary activities |
397 |
1,232 |
–67.8 |
|
Taxes |
–121 |
–109 |
–11.0 |
|
Net profit |
276 |
1,123 |
–75.4 |
|
Transferred from retained earnings |
44 |
– |
– |
|
Transferred to retained earnings |
– |
–551 |
–100.0 |
|
Net result |
320 |
572 |
–44.1 |
|
Dividend proposal per share in € |
0.70 |
1.25 |
–44.0 |
Lufthansa’s dividend policy is based on the principle of continuity in terms of distributing a stable percentage of the operating result. This pre-supposes that a dividend can be made from the net profit as disclosed in the individual and consolidated financial statements of Deutsche Lufthansa AG. Extraordinary income, which can generally be used for higher distributions, did not occur in the reporting year. In the current environment the uncertain availability of funding in the light of the programme of capital expenditure ahead of us must also be taken into account in addition to the dividend policy. The relevant financial statements for the dividend payment are those of Deutsche Lufthansa AG as the parent company of the Group, which show net profit for the 2008 financial year of EUR 276m. Following the transfer of EUR 44m from retained earnings, distributable profit comes to EUR 320m. The Executive Board and the Supervisory Board will therefore propose at the Annual General Meeting to be held on 24 April 2009 to distribute these profits by means of a dividend of EUR 0.70 per share.
|
Balance sheet for Deutsche Lufthansa AG in accordance with the German Commercial Code | |||
|
|
2008 |
2007 |
Change |
|
Assets |
|
|
|
|
Intangible assets |
34 |
35 |
–2.9 |
|
Aircraft |
3,551 |
3,311 |
7.2 |
|
Property, plant and other equipment |
108 |
90 |
20.0 |
|
Financial investments |
10,709 |
8,846 |
21.1 |
|
Fixed assets |
14,402 |
12,282 |
17.3 |
|
|
|
|
|
|
Stocks |
23 |
22 |
4.5 |
|
Accounts receivable |
535 |
570 |
–6.1 |
|
Other assets and prepaid expenses |
1,544 |
1,504 |
2.7 |
|
Liquid funds and securities |
644 |
2,428 |
–73.5 |
|
Balance sheet total |
17,148 |
16,806 |
2.0 |
|
|
|
|
|
|
Liabilities and shareholders’ equity |
|
|
|
|
Capital stock and share premiums |
2,029 |
2,029 |
0 |
|
1,466 |
1,510 |
–2.9 | |
|
Distributable earnings |
320 |
572 |
–44.1 |
|
Shareholders’ equity |
3,815 |
4,111 |
–7.2 |
|
|
|
|
|
|
Provisions |
9,061 |
8,562 |
5.8 |
|
Bonds and liabilities to banks |
1,071 |
979 |
9.4 |
|
Other liabilities and deferred income |
3,201 |
3,154 |
1.5 |
|
Balance sheet total |
17,148 |
16,806 |
2.0 |
