Annual Report 2013

Notes to the consolidated statement of
financial position

(12) Retained earnings

Recognized in retained earnings are the following:

  • Amounts allocated in the financial statements of Henkel AG & Co. KGaAKGaA
    Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).
    in previous years
  • Amounts allocated from consolidated net income less those amounts attributable to non-controlling interestsnon-controlling interests
    Proportion of equity attributable to third parties in subsidiaries included within the scope of consolidation. Previously termed “minority interests.” Valued on a proportional net asset basis. A pro-rata portion of the net earnings of a corporation is due to shareholders owning non-controlling interests.
  • Buy-back of treasury shares by Henkel AG & Co. KGaAKGaA
    Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).
    at cost and the proceeds from their disposal
  • Actuarial gains and losses recognized in equity
  • The acquisition or disposal of ownership interests in subsidiaries with no change in control

For details on the acquisition of ownership interests in subsidiaries with no change in control in fiscal 2013, please see the section Acquisitions and divestments.