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9. Equity

The participation rights issued can be specified as follows:

   

Reserve

 
 

Fund equity

General paid in surplus

Property

Derivatives

Legal

Other reserve

Total equity

As at 1 January 2019

35

2,384

1,791

-

2

1,305

5,517

Result for the year

-

-

645

-

-

209

854

Other comprehensive income

-

-

-

(6)

1

-

(5)

Total comprehensive income

-

-

645

(6)

-

209

849

        

Realised from property sales

-

-

(45)

-

-

45

-

Distribution paid

-

(344)

-

-

-

-

(344)

        

As at 31 December 2019

35

2,040

2,391

(6)

3

1,559

6,022

        

Result for the year

-

-

244

-

-

222

466

Other comprehensive income

-

-

-

1

-

-

1

Total comprehensive income

-

-

244

1

-

222

467

        

Realised from property sales

-

-

(5)

-

-

5

-

Distribution paid

-

(195)

-

-

-

-

(195)

        

As at 31 December 2020

35

1,845

2,630

(5)

3

1,786

6,294

Proposals to investors

Proposed appropriation of result for 2020

The Management Board proposes that the profit for the year of €466 million be added to equity. This proposal has been incorporated in the annual report.

Proposed distribution to participants

The Management Board proposes a distribution to participants of €184 million for the year 2020, of which €115 million was paid in the financial year 2020 and €39 million was paid in January 2021. The financial statements will be presented for adoption at the General Meeting of Participants on 7 April 2021. Following the adoption, the remaining €30 million will be paid as a final distribution for 2020.