9. Equity

The participation rights issued can be specified as follows:

 

2019

2018

As at 1 January

35,897,595

28,194,804

Issued in the year

-

7,702,791

As at 31 December

35,897,595

35,897,595

   

Reserve

 
 

Fund equity

General paid in surplus

Property

Derivatives

Legal

Other reserve

Total equity

As at 1 January 2018

28

1,727

1,208

(1)

 

857

3,819

Result for the year

-

-

646

1

 

385

1,032

Other comprehensive income

-

-

-

-

2

-

2

Total comprehensive income

-

-

646

1

2

385

1,034

        

Realised from property sales

-

-

(63)

-

 

63

-

Capital paid in

7

1,072

-

-

 

-

1,079

Distribution paid

-

(415)

-

-

 

-

(415)

        

As at 31 December 2018

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

Proposals to investors

Proposed appropriation of result for 2019

The Management Board proposes that the profit for the year of €854 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 €189 million for the year 2019, of which €110 million was paid in the financial year 2019 and €36 million was paid in January 2020. The financial statements will be presented for adoption at the General Meeting of Participants on 8 April 2020. Following the adoption, the remaining €43 million will be paid as a final distribution for 2019.