Nordzucker_GB 03-04_E_.pd 1 - Nordzucker AG

Notes
Nordzucker AG Obligations (in t thous.)
The following schedules show the
maturities of obligations:
29 February 2004 With a remaining time of
less than 1–5 more than
one year years 5 years
1. Due to banks 141,696 97,428 36,940 7,328
2. Trade payables 152,869 152,869 0 0
3. Due to associated companies 5,959 5,959 0 0
4. Due to companies in which
we have an equity interest 10,383 10,383 0 0
5. Other obligations 22,147 22,034 6 107
333,054 288,673 36,946 7,435
Group Obligations (in t thous.)
29 February 2004 With a remaining time of
less than 1–5 more than
one year years 5 years
1. Due to banks 264,629 218,781 38,520 7,328
2. Deposits received 756 756 0 0
3. Trade payables 170,598 170,575 23 0
4. Due to associated companies 250 250 0 0
5. Due to companies in which we have
an equity interest 10.383 10,383 0 0
6. Other obligations 27,137 27,013 17 107
473,753 427,758 38,560 7,435
Obligations to banks amounting to
t 61.4m for Nordzucker AG and t 81.0m
for the group are secured by mortgages.
The Polish sugar factories used some
fixed and current assets as security for
loans.
Lenders to foreign holdings have
been assured that we will provide for the
solvency of these companies at all times
and that monies will be made available
to these companies – in relation to our
participation – in as far as this may be
necessary.
Trades payables are subject to the
standard property rights in supplying
capital equipment and inventories. All
other obligations are unsecured.
6. Notes on Income
Statement Items
Sales of sugar from our own production
account for 81.6% of Nordzucker
AG sales revenues (before deducting
market regulation levies) and 88.5% of
group sales revenues. Of Nordzucker AG
sales, 96.9% were effected in Germany,
2.0% in EU countries and 1.1% in other
countries. In comparison, 69.5% of
group sales were attributable to sales in
Germany, 13.6% to sale in middle and
eastern European countries, 13.2% to EU
countries and 3.7% to other countries.
Other operating income for
Nordzucker AG and the group is recognised
in the items in Table 5.
Social security, pensions and other
benefits recognises Tt 12,220 (group:
Tt 15,098) for pension provisions.
Other operating expenditures for
Nordzucker AG and the group contain
the items in Table 6.
Income from subsidiaries at
Nordzucker AG contains Tt 3,073 from
associated companies.
Expenditures from profit transfer
agreements at Nordzucker AG are related
to the assumption of a loss from an
existing agreement.
Income from other securities and
loans at Nordzucker AG contains Tt 711
from associated companies.
In other interest and similar income,
Tt 416 (group: Tt 14) is accounted for
by associated companies.
Interest and similar expenditure at
Nordzucker AG contains Tt 147 (group:
Tt 7) which is accounted for by associated
companies.
54