10. Equity
The participation rights issued can be specified as follows:
Reserve | |||||||
Fund equity | General paid in surplus | Property | Derivatives | Legal | Other | Total equity | |
As at 1 January 2021 | 35 | 1,845 | 2,630 | (5) | 3 | 1,786 | 6,294 |
Result for the year | - | - | 1,154 | - | (1) | 291 | 1,444 |
Other comprehensive income | - | - | - | 1 | - | - | 1 |
Total comprehensive income | - | - | 1,154 | 1 | (1) | 291 | 1,445 |
Realised from property sales | - | - | (33) | - | - | 33 | - |
Distribution paid | - | (186) | - | - | - | - | (186) |
As at 31 December 2021 | 35 | 1,659 | 3,751 | (4) | 2 | 2,110 | 7,553 |
Result for the year | - | - | (168) | - | - | 156 | (12) |
Other comprehensive income | - | - | - | 1 | (1) | 2 | 2 |
Total comprehensive income | - | - | (168) | 1 | (1) | 158 | (10) |
Realised from property sales | - | - | (14) | - | - | 14 | - |
Equity redemption | - | (50) | - | - | - | - | (50) |
Distribution paid | - | (195) | - | - | - | - | (195) |
As at 31 December 2022 | 35 | 1,414 | 3,569 | (3) | 1 | 2,282 | 7,298 |
Proposals to investors
Proposed appropriation of result for 2022
The Management Board proposes that the loss for the year of €12 million be taken to equity. This proposal has been incorporated in the annual report.
Proposed distribution to participants
The Management Board proposes a distribution to participants of €200.8 million for the year 2022, of which €117.6 million was paid in the financial year 2022 and €39.2 million was paid in January 2023. The financial statements will be presented for adoption at the General Meeting of Participants on 12 April 2023. Following the adoption, the remaining €44 million will be paid as a final distribution for 2022.