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Consolidated statement of changes in equity of Ernst & Young Nederland LLP

    Members’
Capital
  Profit available
for distribution
  Retained
earnings
  Total
reserves
  Total
equity
 
    €000   €000   €000   €000   €000  
                       
At 1 July 2014   73,227   116,333   -145,675   -29,342   43,885  
                       
Profit for the financial year   -   123,253   15,598   138,851   138,851  
Other comprehensive income   -   146   -   146   146  
Total comprehensive income   -   123,399   15,598   138,997   138,997  
                       
Profit distribution 2013/2014   -   -116,333   -491   -116,824   -116,824  
                       
Contributions of capital from members4   6,363   -   -   -   6,363  
Repayment on retirement   -3,045   -   -   -   -3,045  
                       
At 30 June 2015   76,545   123,399   -130,568   -7,169   69,376  
                       
Profit for the financial year   -   114,907   12,100   127,007   127,007  
Other comprehensive income   -   430   -   430   430  
Total comprehensive income   -   115,337   12,100   127,437   127,437  
                       
Profit distribution 2014/2015   -   -123,399   667   -122,732   -122,732  
                       
Contributions of capital from members   8,611   -   -   -   8,611  
                       
Repayment on retirement   -3,623   -   -   -   -3,623  
                       
At 30 June 2016   81,533   115,337   -117,801   -2,464   79,069  

Negative retained earnings are a result of settlement of drawing rights with current and retired members. These negative retained earnings do not have any impact on the going concern assumption under which these statements have been prepared. The future cash flow will be positively influenced as a result of the settlement of the drawing rights. For these reasons EYNL will be able to continue distribution of its profits.

4) Reclassification in 2014/2015 for comparative purposes.