2022 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 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 |
| 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 2022 | 4,104 | 26,139 | 315 | -6,917 | 1,614,429 | 1,638,070 |
| Net result for the year | 0 | 0 | 0 | 0 | 2,367,883 | 2,367,883 |
| Remeasurement of post-employment benefit obligations | 0 | 0 | 0 | 0 | 55,537 | 55,537 |
| Foreign currency translation differences | 0 | 0 | -760 | 0 | 0 | -760 |
| Fair value gain/(loss) on cash flow hedges | 0 | 35,900 | 0 | 0 | 0 | 35,900 |
| Fair value gain/(loss) on debt instruments at FVOCI | 0 | 0 | 0 | -80,351 | 0 | -80,351 |
| Reclassified to statement of profit or loss | 0 | -49,784 | 0 | 4,764 | 0 | -45,020 |
| Total comprehensive income for the year | 0 | -13,884 | -760 | -75,587 | 2,423,420 | 2,333,189 |
| Balance as at 31 December 2022 | 4,104 | 12,255 | -445 | -82,504 | 4,037,849 | 3,971,259 |
Please see Note 30 – Hedging activities and derivative financial instruments for detailed information on the hedge accounting.
Please see Note 31 – Personnel expenses for detailed information relating to the remeasurement of post-employment benefit obligations.