english - About Heraeus

More documents

Recommendations

Info

Goodwill Goodwill increased from € 60.7 million in the previous year to € 82.0 million in 2012. The change is attributable mainly to the acquisition of Midwest Instrument Company, USA. The divisions of the operating subgroups (business groups) in the Heraeus Group are the cash generating units to which the acquired companies are assigned. In individual cases, a cash generating unit is also formed one level below the divisions, at the level of business units. For Heraeus Electro-Nite, the country companies are used as the cash generating units. The discounted cash flow method (DCF method) is used to determine the value in use of the respective unit based on the anticipated free cash flows. A total planning period of five years is used. The data for the first three years is obtained from the current midterm planning. General assumptions concerning additional price and cost developments in the respective unit are used for the subsequent years. The long-term growth rates are dependent on the respective division and are between 0% and 2% (previous year: between 0% and 2%). The weighted average costs of capital (WACC) of the Group or of the respective subgroup plus a risk premium after tax are used as the discount rate. Discount rates between 8% and 10% p.a. (previous year: between 8% and 12% p.a.) are currently being applied. Goodwill is broken down among the business groups as follows: in € million deC. 31, 2012 deC. 31, 2011 Heraeus Precious Metals 35.6 33.7 Heraeus Materials Technology 21.0 21.8 Heraeus Electro-Nite 19.4 3.7 Heraeus Dental 4.8 0.3 Heraeus Noblelight 1.2 1.2 Goodwill 82.0 60.7 37
38 Other intangible assets At € 0.4 million (previous year: € 0.1 million), the other intangible assets include assets with an indefinite useful life, which are not amortized since it has not so far been possible to foresee an end of use. Research and development costs of the business groups in the amount of € 83.9 million (previous year: € 76.1 million) were recognized as expenses in the income statement.
Page 1 and 2: Consolidated Financial statements 2
Page 3 and 4: 02 Consolidated Balance sheet of He
Page 5 and 6: 04 Consolidated income statement of
Page 7 and 8: 06 Consolidated Cash Flow statement
Page 9 and 10: 08 notes to the Consolidated Financ
Page 11 and 12: 10 lead to a shift between two item
Page 13 and 14: 12 In business combinations, the ac
Page 15 and 16: 14 Application of new or amended st
Page 17 and 18: 16 aCCoUntinG poliCies Cash and cas
Page 19 and 20: 18 The precious metal trading stock
Page 21 and 22: 20 asset item UseFUl liFe in YeaRs
Page 23 and 24: 22 The classification depends on th
Page 25 and 26: 24 If hedging transactions used to
Page 27 and 28: 26 Pension Regulation II 2001, whic
Page 29 and 30: 28 Scope of consolidation The conso
Page 31 and 32: 30 of Midwest Instrument Company, a
Page 33 and 34: 32 It was possible to cover the pre
Page 35 and 36: 34 (3) The following table shows th
Page 37: 36 (5) Intangible assets in € mil
Page 41 and 42: 40 In financial year 2012, impairme
Page 43 and 44: 42 (8) (9) Other non-current assets
Page 45 and 46: 44 (10) Trade payables Trade payabl
Page 47 and 48: 46 Non-current provisions for perso
Page 49 and 50: 48 The provisions for pensions and
Page 51 and 52: 50 The fair value of the plan asset
Page 53 and 54: 52 Of the total expenses for pensio
Page 55 and 56: 54 in € million deC. 31, 2012 deC
Page 57 and 58: 56 notes to tHe Consolidated inCome
Page 59 and 60: 58 (17) Other operating income Othe
Page 61 and 62: 60 (20) Financial result The financ
Page 63 and 64: 62 The following deferred tax asset
Page 65 and 66: 64 The item “Change in other net
Page 67 and 68: 66 Interest rate swaps come under t
Page 69 and 70: 68 addition, credit lines with vari
Page 71 and 72: 70 Values of derivative financial i
Page 73 and 74: 72 in € million deC. 31, 2012 FIN
Page 75 and 76: 74 Notes to the income statement Th
Page 77 and 78: 76 Analysis of maturities The follo
Page 79 and 80: 78 otHeR disClosURes Contingent lia
Page 81 and 82: 80 Auditor’s expenses The expense
Page 83 and 84: 82 name oF CompanY ReGisteRed oFFiC
Page 85 and 86: 84 name oF CompanY ReGisteRed oFFiC
Page 87 and 88: 86 aUditoR’s RepoRt We have audit
Page 90:
Heraeus Holding GmbH Corporate Comm
show all

english - About Heraeus

Create successful ePaper yourself

Delete template?

Save as template?