Annual Report 2007 - Muehlhan AG

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42 consolidated incoMe stateMent in kEur Notes <strong>2007</strong> 2006 Sales 196,092 184,389 other operating income 21 6,535 4,498 Cost of materials and purchased services 18 -89,940 -75,915 personnel expenses 19 -72,680 -74,029 depreciation -6,501 -5,774 other operating expenses 21 -30,645 -25,065 Profit from operations 2,861 8,104 income from investments 7 2 interest income 767 460 interest expenses -2,533 -2,233 Financial result 20 -1,759 -1,771 Earnings before taxes 1,101 6,333 taxes on income 22 -649 -2,411 Net earnings before minority 452 3,923 Minority interest -525 -277 Net result -73 3,646 NET EARNINGS PER SHARE 23 Shares shares 19,500,000 16,166,667 basic in Eur 0.00 0.23 diluted in Eur 0.00 0.23 rounding differences may occur.
ManaGeMent divisions share Group ManaGeMent report group Consolidated FinanCial stateMents consolidated cash Flow stateMent in kEur <strong>2007</strong> 2006 profit from operations 2,861 8,104 depreciation 6,501 5,774 deferred government grants -29 -29 profit (-), loss (+) on disposal of fixed assets -150 65 unrealised currency gains / losses 1,143 214 decrease (-), increase (+) in provisions -961 -198 Cash flow 9,364 13,930 increase (-), decrease (+) in inventories, trade receivables and other assets (excluding payments received on account) -11,001 -8,893 increase (+), decrease (-) in trade payables and other liabilities -24 4,859 Cash flow from ordinary activities -1,662 9,895 payments of income taxes -3,875 -4,695 payments of interest -2,407 -1,638 Net Outflow / Inflow from funds on operating activities -7,944 3,562 receipts of interest 774 460 receipts from the disposals of non-current assets (+) in respect of intangible assets tangible assets financial assets Capital expenditures (-) in respect of intangible assets tangible assets financial assets 115 900 0 -268 -12,531 -10,028 payments for purchase of consolidated entities (-) -323 0 payments for purchase of minority interests (-) -243 0 Net Outflow of funds from investing activities -21,604 -6,466 receipts from capital increases (+) 0 4,000 receipts from the issue of loans (+) 0 33,806 increase (+), decrease (-) in capital reserves 0 17,135 dividend payments -142 -7,026 increase (+), decrease (-) in payments received on account 7,673 -1,285 receipts (+), repayments (-) on current bank liabilities 636 -20,553 payments (-) on non-current bank liabilities 0 -1,069 Net Inflow of funds from financing activities 8,167 25,009 Effect of exchange rate related fluctuations of cash and cash equivalents* -166 -1 Effect of changes in the scope of consolidated financial statements on cash and cash equivalents* 164 0 total changes in cash and cash equivalents* -21,382 22,104 Cash and cash equivalents* at the beginning of the period 28,980 6,876 Cash and cash equivalents* at the end of the period 7,599 28,980 * Cash and cash equivalents correspond to the balance sheet item “Cash and cash equivalents”. rounding differences may occur. 206 899 68 -274 -7,795 -30 43
Page 1 and 2: Annual Report 2007
Page 3 and 4: The Group is represented locally in
Page 5 and 6: Content 2 ManageMent 2 Foreword 5 E
Page 7 and 8: ManageMent divisions share Group Ma
Page 9 and 10: Executive Bodies executive board Dr
Page 19 and 20: One is successful not primarily as
Page 21 and 22: Continued and consistently good bus
Page 23 and 24: ManaGeMent divisions share Group Ma
Page 25 and 26: The marine markets are interconnect
Page 29 and 30: In our industry segments, a technol
Page 31 and 32: ManaGeMent divisions share group Ma
Page 37 and 38: We issued a letter of credit for uS
Page 45: ManaGeMent divisions share Group Ma
Page 53 and 54: Retained earnings Equity Minority i
Page 63 and 64: 3. FINANCIAL ASSETS ManaGeMent divi
Page 65 and 66: sand (previous year: Eur 13,053 tho
Page 71 and 72: other provisions developed as follo
Page 73 and 74: eakdown by divisions: ManaGeMent di
Page 79 and 80: Statement of the Auditors´ Report
Page 81 and 82: ussia Muehlhan Morflot OOO 198035 S
Page 83 and 84: Contacts and Financial Calendar mue

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