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name oF CompanY ReGisteRed oFFiCe CoUntRY eQUitY inteRest in % 2. Subsidiaries not included in the consolidated financial statements Domestic Heraeus Edelmetalle GmbH Hanau Germany 100.00 Heraeus Original Hanau GmbH Hanau Germany 100.00 Heraeus UV Solutions GmbH Hanau Germany 100.00 Foreign Heraeus Amba Australia Pty. Ltd. Victoria Australia 100.00 3. Associated companies reported in the consolidated financial statements in accordance with the equity method Foreign Argor-Heraeus S.A. Mendrisio Switzerland 31.17 Choksi Heraeus Private Ltd. Udaipur/Rajasthan India 50.00 Heraeus Shin-Etsu America, Inc. Wilmington/DE USA 25.00 Ravindra Heraeus Private Ltd. Udaipur/Rajasthan India 50.00 Shin-Etsu Quartz Products Co., Ltd. Tokyo Japan 50.00 Young Shin Quartz Co., Ltd. Gwanghyewon-myeon, Chungbuk Republic of Korea 50.00 4. Associated companies not reported in the consolidated financial statements in accordance with the equity method due to their minor significance Domestic HN Sunlight GmbH Foreign Hanau Germany 50.00 Amba Italia S.R.L. Milan Italy 50.00 Amba Lamps Benelux BVBA Turnhout Belgium 50.00 Heraeus Shin-Etsu Quartz Singapore Pte. Ltd. Singapore Singapore 50.00 Inner Mongolia Electrolyte Metals and Powders Co., Ltd. Dengkou County China 49.75 Perdent GmbH Schaan Hanau, March 8, 2013 Heraeus Holding GmbH Dr. Frank Heinricht Jan Rinnert Chairman Vice Chairman The Principality of Liechtenstein 50.00 85
86 aUditoR’s RepoRt We have audited the consolidated financial statements prepared by the Heraeus Holding GmbH, Hanau, comprising the balance sheet, the income statement, statement of comprehensive income, cash flow statement, statement of changes in shareholders’ equity, and the notes to the consolidated financial statements, together with the group management report for the business year from January 1 to December 31, 2012. The preparation of the consolidated financial statements and the group management report in accordance with IFRSs, as adopted by the EU, and with the additional requirements of German commercial law pursuant to § 315a Abs. 1 HGB [Handelsgesetzbuch “German Commercial Code”] are the responsibility of the parent company’s management. Our responsibility is to express an opinion on the consolidated financial statements and on the group management report based on our audit. We conducted our audit of the consolidated financial statements in accordance with § 317 HGB [Handelsgesetzbuch “German Commercial Code”] and the German generally accepted standards for the audit of financial statements promulgated by the Institut der Wirtschaftsprüfer (IDW). Those standards require that we plan and perform the audit such that misstatements materially affecting the presentation of the net assets, financial position, and results of operations in the consolidated financial statements in accordance with the applicable financial reporting framework and in the group management report are detected with reasonable assurance. Knowledge of the business activities and the economic and legal environment of the Group and expectations as to possible misstatements are taken into account in the determination of audit procedures. The effectiveness of the accounting-related internal control system and the evidence supporting the disclosures in the consolidated financial statements and the group management report are examined primarily on a test basis within the framework of the audit. The audit includes assessing the annual financial statements of those entities included in consolidation, the determination of entities to be included in consolidation, the accounting and conso lidation principles used, and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements and group management report. We believe that our audit provides a reasonable basis for our opinion. Our audit has not led to any reservations.
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Consolidated Financial statements 2
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02 Consolidated Balance sheet of He
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04 Consolidated income statement of
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06 Consolidated Cash Flow statement
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08 notes to the Consolidated Financ
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10 lead to a shift between two item
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12 In business combinations, the ac
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14 Application of new or amended st
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16 aCCoUntinG poliCies Cash and cas
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18 The precious metal trading stock
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20 asset item UseFUl liFe in YeaRs
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22 The classification depends on th
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24 If hedging transactions used to
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26 Pension Regulation II 2001, whic
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28 Scope of consolidation The conso
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30 of Midwest Instrument Company, a
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32 It was possible to cover the pre
Page 35 and 36: 34 (3) The following table shows th
Page 37 and 38: 36 (5) Intangible assets in € mil
Page 39 and 40: 38 Other intangible assets At € 0
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: 84 name oF CompanY ReGisteRed oFFiC
Page 90: Heraeus Holding GmbH Corporate Comm
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