Income Statement and Statement of Comprehensive Income

in € thousand	Note	2015	2014
Revenue	8.	1,141,818	1,199,601
Changes in inventories	9.	- 1,417	- 22
Own work capitalised	10.	9,331	7,877
Other operating income	11.	41,238	33,563
Cost of materials	12.	- 361,700	- 396,655
Personnel expenses	13.	- 401,575	- 401,674
Other operating expenses	14.	- 146,298	- 148,516
Earnings before interest, taxes, depreciation and amortisation (EBITDA)		281,397	294,174
Depreciation and amortisation	15.	- 124,858	- 124,886
Earnings before interest and taxes (EBIT)		156,539	169,288
Earnings from associates accounted for using the equity method	16.	3,728	5,260
Interest income	16.	16,736	13,461
Interest expenses	16.	- 50,102	- 58,459
Other financial result	16.	944	544
Financial result	16.	- 28,694	- 39,194
Earnings before tax (EBT)		127,845	130,094
Income tax	18.	- 32,002	- 39,538
Profit after tax		95,843	90,556
of which attributable to non-controlling interests	19.	29,165	31,646
of which attributable to shareholders of the parent company		66,678	58,910

in € thousand	Note	2015	2014
Profit after tax		95,843	90,556
Components which cannot be transferred to the Income Statement
Actuarial gains/losses	36.	25,149	- 79,130
Deferred taxes	18.	- 7,833	25,129
Total		17,316	- 54,001
Components which can be transferred to the Income Statement
Cash flow hedges	47.	381	299
Foreign currency translation differences		- 11,483	- 31,390
Deferred taxes	18.	- 118	86
Other		- 11	121
Total		- 11,231	- 30,884
Income and expense recognised directly in equity		6,085	- 84,885
Total comprehensive income		101,928	5,671
of which attributable to non-controlling interests		29,102	31,554
of which attributable to shareholders of the parent company		72,826	- 25,883

Income Statement – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the notes	2015 Group	2015 Port Logistics	2015 Real Estate	2015 Consolidation
Revenue	1,141,818	1,110,983	36,497	- 5,662
Changes in inventories	- 1,417	- 1,416	- 1	0
Own work capitalised	9,331	9,049	0	282
Other operating income	41,238	35,769	6,493	- 1,024
Cost of materials	- 361,700	- 354,690	- 7,144	134
Personnel expenses	- 401,575	- 399,193	- 2,382	0
Other operating expenses	- 146,298	- 139,333	- 13,235	6,270
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	281,397	261,169	20,228	0
Depreciation and amortisation	- 124,858	- 120,095	- 5,077	314
Earnings before interest and taxes (EBIT)	156,539	141,074	15,151	314
Earnings from associates accounted for using the equity method	3,728	3,728	0	0
Interest income	16,736	16,801	56	- 121
Interest expenses	- 50,102	- 45,890	- 4,333	121
Other financial result	944	944	0	0
Financial result	- 28,694	- 24,417	- 4,277	0
Earnings before tax (EBT)	127,845	116,657	10,874	314
Income tax	- 32,002	- 28,557	- 3,369	- 76
Profit after tax	95,843	88,100	7,505	238
of which attributable to non-controlling interests	29,165	29,165	0
of which attributable to shareholders of the parent company	66,678	58,935	7,743

Statement of Comprehensive Income – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the notes	2015 Group	2015 Port Logistics	2015 Real Estate	2015 Consolidation
Profit after tax	95,843	88,100	7,505	238
Components which cannot be transferred to the Income Statement
Actuarial gains/losses	25,149	24,831	318
Deferred taxes	- 7,833	- 7,731	- 102
Total	17,316	17,100	216
Components which can be transferred to the Income Statement
Cash flow hedges	381	381	0
Foreign currency translation differences	- 11,483	- 11,483	0
Deferred taxes	- 118	- 118	0
Other	- 11	- 11	0
Total	- 11,231	- 11,231	0
Income and expense recognised directly in equity	6,085	5,869	216	0
Total comprehensive income	101,928	93,969	7,721	238
of which attributable to non-controlling interests	29,102	29,102	0
of which attributable to shareholders of the parent company	72,826	64,867	7,959

Income Statement – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the notes	2014 Group	2014 Port Logistics	2014 Real Estate	2014 Consolidation
Revenue	1,199,601	1,171,186	33,476	- 5,061
Changes in inventories	- 22	- 22	0	0
Own work capitalised	7,877	7,877	0	0
Other operating income	33,563	29,797	4,773	- 1,007
Cost of materials	- 396,655	- 389,993	- 6,769	107
Personnel expenses	- 401,674	- 399,454	- 2,220	0
Other operating expenses	- 148,516	- 143,167	- 11,311	5,962
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	294,174	276,225	17,949	0
Depreciation and amortisation	- 124,886	- 120,640	- 4,560	314
Earnings before interest and taxes (EBIT)	169,288	155,585	13,389	314
Earnings from associates accounted for using the equity method	5,260	5,260	0	0
Interest income	13,461	13,412	183	- 134
Interest expenses	- 58,459	- 54,000	- 4,593	134
Other financial result	544	544	0	0
Financial result	- 39,194	- 34,784	- 4,410	0
Earnings before tax (EBT)	130,094	120,801	8,979	314
Income tax	- 39,538	- 36,904	- 2,558	- 76
Profit after tax	90,556	83,897	6,421	238
of which attributable to non-controlling interests	31,646	31,646	0
of which attributable to shareholders of the parent company	58,910	52,251	6,659

Statement of Comprehensive Income – HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the notes	2014 Group	2014 Port Logistics	2014 Real Estate	2014 Consolidation
Profit after tax	90,556	83,897	6,421	238
Components which cannot be transferred to the Income Statement
Actuarial gains/losses	- 79,130	- 77,958	- 1,172
Deferred taxes	25,129	24,751	378
Total	- 54,001	- 53,207	- 794
Components which can be transferred to the Income Statement
Cash flow hedges	299	299
Foreign currency translation differences	- 31,390	- 31,390
Deferred taxes	86	86
Other	121	121
Total	- 30,884	- 30,884	0
Income and expense recognised directly in equity	- 84,885	- 84,092	- 794	0
Total comprehensive income	5,671	- 194	5,627	238
of which attributable to non-controlling interests	31,554	31,554
of which attributable to shareholders of the parent company	- 25,883	- 31,748	5,865

Annual Report 2015