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Consolidated statement of changes in equity

Share capital
Capital reserves
Other reserves
Accumulated other comprehensive income (loss)

Translation reserve
Accumulated other comprehensive income (loss)

Hedging reserve
Accumulated other comprehensive income (loss)

Defined benefit plan remeasurement reserve
Accumulated other comprehensive income (loss)

Total
Equity attributable to shareholders 1)
Non-controlling interests
Total
Balance as at January 01, 2017 before IAS 8 adjustments
666
2,348
-404
-27
-35
-651
-713
1,897
100
1,997
Change in accounting policy IAS 8 2)
-
-
33
-
-
-
-
33
-
33
Balance as at January 01, 2017
666
2,348
-371
-27
-35
-651
-713
1,930
100
2,030
Net income
-
-
980
-
-
-
-
980
17
997
Other comprehensive income (loss)
-
-
-
-240
50
81
-109
-109
-7
-116
Total comprehensive income (loss)
0
0
980
-240
50
81
-109
871
10
881
Dividends
0
0
-328
-
-
-
-
-328
-2
-330
Transactions with non-controlling interests
-
-
1
-
-
-
-
1
-1
0
Total amount of transactions with shareholders
0
0
-327
-
-
-
-
-327
-3
-330
Balance as at December 31, 2017 3)
666
2,348
282
-267
15
-570
-822
2,474
107
2,581

in € millions

1) Equity attributable to shareholders of the parent company.

2) Change in accounting policy for interest and penalties related to income taxes. See Note 1.4 "Change in accounting policy IAS 8" to the consolidated financial statements for further details.

3) The Schaeffler Group has initially applied the new standards IFRS 9 and IFRS 15 effective January 1, 2018, using the modified retrospective approach to transition to the new requirements. Under this approach, prior year amounts are not adjusted. See Note 1.5 "New accounting pronouncements" to the consolidated financial statements for further details.

Share capital
Capital reserves
Other reserves
Accumulated other comprehensive income (loss)

Translation reserve
Accumulated other comprehensive income (loss)

Hedging reserve
Accumulated other comprehensive income (loss)

Defined benefit plan remeasurement reserve
Accumulated other comprehensive income (loss)

Total
Equity attributable to shareholders 1)
Non-controlling interests
Total
Balance as at January 01, 2018 before IFRS 9 and IFRS 15 adjustments3)
666
2,348
282
-267
15
-570
-822
2,474
107
2,581
Adjustments IFRS 9
-
-
27
-
-
-
-
27
-
27
Adjustments IFRS 15
-
-
7
-
-
-
-
7
-
7
Balance as at January 01, 20183)
666
2,348
316
-267
15
-570
-822
2,508
107
2,615
Net income
-
-
881
-
-
-
-
881
14
895
Other comprehensive income (loss)
-
-
-
-9
-42
-25
-76
-76
-7
-83
Total comprehensive income (loss)
0
0
881
-9
-42
-25
-76
805
7
812
Dividends
-
-
-361
-
-
-
-
-361
-2
-363
Transactions with non-controlling interests4)
-
-
30
-9
-
-
-9
21
-25
-4
Total amount of transactions with shareholders
0
0
-331
-9
-
-
-9
-340
-27
-367
Balance as at December 31, 2018
666
2,348
866
-285
-27
-595
-907
-2,973
87
3,060

in € millions

1) Equity attributable to shareholders of the parent company.

2) Change in accounting policy for interest and penalties related to income taxes. See Note 1.4 "Change in accounting policy IAS 8" to the consolidated financial statements for further details.

3) The Schaeffler Group has initially applied the new standards IFRS 9 and IFRS 15 effective January 1, 2018, using the modified retrospective approach to transition to the new requirements. Under this approach, prior year amounts are not adjusted. See Note 1.5 "New accounting pronouncements" to the consolidated financial statements for further details.

4) Merger of the two unlisted entities, INA Bearings India Private Limited and LuK India Private Limited, with Schaeffler India Ltd. The transaction increased Schaeffler AG's indirect interest in Schaeffler India Ltd. from approx. 51 % to approx. 74 %. Includes transaction costs of EUR 4m.

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