2021 financial statements
Consolidated statement of changes in reserves
| in TUSD | Association capital | Cash flow hedge reserves | Translation reserves | Fair value reserves of financial assets at FVOCI | Restricted reserves | Total reserves |
|---|---|---|---|---|---|---|
| Balance as at 1 January 2020 | 4,104 | 9,132 | 166 | 0 | 2,572,579 | 2,585,981 |
| Net result for the year | 0 | 0 | 0 | 0 | -682,994 | -682,994 |
| Remeasurement of post-employment benefit obligations | 0 | 0 | 0 | 0 | -6,214 | -6,214 |
| Foreign currency translation differences | 0 | 0 | 377 | 0 | 0 | 377 |
| Fair value gain/(loss) on cash flow hedges | 0 | -18,887 | 0 | 0 | 0 | -18,887 |
| Fair value gain/(loss) on debt instruments at FVOCI | 0 | 0 | 0 | 2,565 | 0 | 2,565 |
| Total comprehensive income for the year | 0 | -18,887 | 377 | 2,565 | -689,208 | -705,153 |
| Balance as at 31 December 2020 | 4,104 | -9,755 | 543 | 2,565 | 1,883,371 | 1,880,828 |
| in TUSD | Association capital | Cash flow hedge reserves | Translation reserves | Fair value reserves of financial assets at FVOCI | Restricted reserves | Total reserves |
|---|---|---|---|---|---|---|
| Balance as at 1 January 2021 | 4,104 | -9,755 | 543 | 2,565 | 1,883,371 | 1,880,828 |
| Net result for the year | 0 | 0 | 0 | 0 | -312,212 | -312,212 |
| Remeasurement of post-employment benefit obligations | 0 | 0 | 0 | 0 | 43,270 | 43,270 |
| Foreign currency translation differences | 0 | 0 | -228 | 0 | 0 | -228 |
| Fair value gain/(loss) on cash flow hedges | 0 | 35,894 | 0 | 0 | 0 | 35,894 |
| Fair value gain/(loss) on debt instruments at FVOCI | 0 | 0 | 0 | -9,483 | 0 | -9,483 |
| Reclassified to statement of profit or loss | 0 | 0 | 0 | 1 | 0 | 1 |
| Total comprehensive income for the year | 0 | 35,894 | -228 | -9,482 | -268,942 | -242,758 |
| Balance as at 31 December 2021 | 4,104 | 26,139 | 315 | -6,917 | 1,614,429 | 1,638,070 |
Please see Note 31 – Personnel expenses for detailed information relating to the remeasurement of post-employment benefit obligations.
Please see Note 30 – Hedging activities and derivative financial instruments for detailed information on the hedge accounting.
