Annual Report 2009/2010 Geschäftsbericht 2009/2010 ... - biolitec AG

144 Annual Financial Statement Konzern-Jahresabschluss
4.11. Current financial liabilities
The current financial liabilities include current bank loans. Furthermore they include repayment rates
for long-term financial liabilities amounting to KEUR 279 that have to be repaid next year.
4.12. Accured Expenses
Accured
Expenses
Book Value
Opening
balance
July 1,
2009
K Euro
Taxes 545
Personnel
expenses
404
Warranty 229
Royalties 45
Audit 101
Others 838
Total 2,162
Expenditure
K Euro
Dissolution
K Euro
Other accured expenses June 30, 2010
Euro
Supply
K Euro
Closing
inventory
June 30,
2009
K Euro
0 0 193 738
46 0 14 372
32 162 57 92
0 0 0 45
101 0 109 109
190 0 0 648
369 162 373 2,004
June 30, 2009
Euro
biolitec USA 564,789 746,507
CO 269,223 361,796
biolitec AG 328,969 292,885
CO USA 75,370 57,642
Others 27,336 157,834
1,265,687 1,616,664
Other provisions are recognized for currently existing obligations arising from past events that will
probably result in a future outflow of resources, provided that a reliable estimate can be made of the
amount of the obligation. The sum and maturity of these liabilities are uncertain.
Other provisions are measured in accordance with IAS 37 or, where applicable, IAS 19. Whereas the cash
outflow to settle an obligation is not expected to occur until after one year, the provision is recognized
at the present value of the expected cash outflow. Reimbursements from third parties are capitalized
separately if their realization is virtually certain.
If the extent of a projected obligation declines as a result of a change in the estimate, the provision is
reversed by the corresponding amount and the resulting income recognized in the operating expense
item(s) in which the original charge was accounted.