36) Reserves


Capital reserves only include the share premium paid on capital increases and a convertible bond. No conversion rights were exercised in 2011, as in the previous year.

The legal reserve contained in retained earnings is unchanged at EUR 26m; other reserves consist of other retained earnings.

The following table shows changes in other neutral reserves in 2011:

Notes on other comprehensive income

in €m

2011

2010

Other comprehensive income after income taxes

 

 

Differences from currency translation

81

311

of which reclassified through profit or loss

Subsequent measurement of available-for-sale financial assets

 

 

Profit/loss for the period

–176

666

Reclassification adjustments recognised in profit or loss

12

–181

Subsequent measurement of cash flow hedges

 

 

Profit/loss for the period

766

396

Reclassification adjustments recognised in profit or loss

–720

–97

Transfer to cost of hedged items

63

–11

Other comprehensive income from investments accounted for using the equity method

2

–4

Other expenses and income recognised directly in equity

1

14

Income taxes on items in other comprehensive income

–35

–79

Other comprehensive income after income taxes

–6

1,015

Note on income taxes recognised for other comprehensive income

 

2011

2010

in €m

Amount before income taxes

Tax expenses/ income

Amount after income taxes

Amount before income taxes

Tax expenses/ income

Amount after income taxes

Differences from currency translation

81

81

311

311

Subsequent measurement of available-for-sale financial assets

–164

3

–161

485

–15

470

Subsequent measurement of cash flow hedges

109

–38

71

288

–64

224

Other comprehensive income from investments accounted for using the equity method

2

2

–4

–4

Other expenses and income recognised directly in equity

1

1

14

14

Other comprehensive income

29

–35

–6

1,094

–79

1,015

As of 31 December 2011, EUR –34m of other comprehensive income was attributable to discontinued operations.

The overall change in equity is shown in the consolidated statement of changes in Lufthansa shareholders’ equity.