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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   119,134   -145,675   -26,541   46,686
                     
Profit for the financial year   -   119,847   15,598   135,445   135,445
Other comprehensive income   -   146   -   146   146
Total comprehensive income   -   119,993   15,598   135,591   135,591
                     
Profit distribution 2013/2014   -   -119,134   -491   -119,625   -119,625
                     
Contributions of capital from members11   6,363   -   -   -   6,363
                     
Repayment on retirement   -3,045   -   -   -   -3,045
                     
                     
At 30 June 2015   76,545   119,993   -130,568   -10,575   65,970
                     
Profit for the financial year   -   116,515   12,100   128,615   128,615
Other comprehensive income   -   430   -   430   430
Total comprehensive income   -   116,945   12,100   129,045   129,045
                     
Profit distribution 2014/2015   -   -119,993   667   -119,326   -119,326
                     
                     
Contributions of capital from members   8,611   -   -   -   8,611
                     
Repayment on retirement   -3,623   -   -   -   -3,623
                     
                     
At 30 June 2016   81,533   116,945   -117,801   -856   80,677

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.

11) Reclassification in 2014/2015 for comparative purposes