scope, as well as information on the measurement model applied and the effects of share-based pay- ments on the Group's financial position and performance. A provision for obligations under the three remuneration programmes has been recognised against administrative expenses, in the amount of the fair value of the relevant obligation at the reporting date. (23) Shareholders' equity and minority interest Pursuant to IFRS, equity instruments are such instruments which constitute a residual interest in the assets of a company after deduction of all its liabilities. Minority interests are recorded as a separate item within shareholders' equity. (24) Reserves from transactions under common control The split of the DEPFA Group, which was completed during the financial year 2002, resulted in the transfer of various property financing portfolios, various participations and several properties from DEPFA Deutsche Pfandbriefbank AG to Aareal Bank Group. In turn, some participations previously held by Aareal Bank AG were transferred to DEPFA Deutsche Pfandbriefbank AG. Moreover, Aareal Bank provided individual maximum default guarantees for individual loans within the property finance portfolio of DEPFA Deutsche Pfandbriefbank AG. The transfer of said assets was decided upon whilst Aareal Bank still belonged to the DEPFA Group; it was still ongoing during the 2008 financial year. IFRS does not provide guidance for the presentation of spin-offs. Assets and liabilities assumed from DEPFA Deutsche Pfandbriefbank AG are stated, applying the separate reporting entity method, at the same values which DEPFA Deutsche Pfandbriefbank AG would have presented in accordance with IFRS, at the time of transfer. Any differences between cost and IFRS carry- ing amounts are recognised directly in equity, under reserves from transactions under common control. 132 Aareal Bank Group ­ Annual Report 2008 | Consolidated Financial Statements | Notes