D _ Consolidated Financial Statements CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Consolidated statement of comprehensive income € mn 2021 2020 Net income 7,105 7,133 Other comprehensive income Items that may be reclassified to profit or loss in future periods Foreign currency translation adjustments Reclassifications to net income - (38) Changes arising during the year 1,280 (2,221) Subtotal 1,280 (2,259) Available-for-sale investments Reclassifications to net income (1,772) (241) Changes arising during the year (4,149) 5,117 Subtotal (5,921) 4,877 Cash flow hedges Reclassifications to net income (61) (47) Changes arising during the year (96) 122 Subtotal (157) 75 Share of other comprehensive income of associates and joint ventures Reclassifications to net income - - Changes arising during the year 181 (111) Subtotal 182 (110) Miscellaneous Changes arising during the year 111 (27) Subtotal 111 (27) Items that may never be reclassified to profit or loss Changes in actuarial gains and losses on defined benefit plans (393) (165) Total other comprehensive income (4,897) 2,391 Total comprehensive income 2,207 9,524 Total comprehensive income attributable to: Non-controlling interests 337 285 Shareholders 1,871 9,238 For further information on the income taxes associated with different components of other comprehensive income, please see note 32. 120 Annual Report 2021 − Allianz Group