Consolidated Financial Statements - L. Possehl & Co. mbH
Consolidated Financial Statements - L. Possehl & Co. mbH Consolidated Financial Statements - L. Possehl & Co. mbH
6 In agreement with the Supervisory Board of the company, the Advisory Council approved the annual fi nancial statements and the consolidated fi nancial statements and recommends that the share holder approve the annual fi nancial statements. The Advisory Council agrees with the Executive Board’s proposal on the appropriation of profi ts. Dr Egon Rudolph has been appointed as a member of the Executive Board, effective as of May 19, 2005. On March 31, 2006 Dr Fred Wilsdorf stepped down from the Executive Board of L. Possehl & Co. mbH. The Advisory Council thanks him for his contributions. Mr. Senator Gerd Rischau (ret.) stepped down from the Advisory Council of the company as of April 25, 2005. The Advisory Council would like to thank Mr. Rischau for the work he performed while on this board. The shareholder has appointed Dr Werner Marnette as the new member of the Advisory Council, effective as of April 25, 2005. The Advisory Council would like to thank the Executive Board, the managing directors of the Group companies and all employees of the Possehl Group for their dedicated and successful service during the past fi scal year. Lübeck, May 4, 2006 The Advisory Council Dr Lutz Peters Chairman Letter from the Advisory Council | HEALTHY GROWTH
HEALTHY GROWTH – Profi table and Robust Possehl has already evolved very successfully for more than six generations under this motto. This guideline helps us through turbulent times such as these, in particular. Following the initial corporate acquisitions of the past year and in the fi rst few months of the current year, we are continuing to be on the lookout for new partners – partners that fi t with us, are capable and have a solid foundation, a good market position and a positive image. They stem from mature industries with robust structures and ideally render a service that is diffi cult to replace. We are open-minded and look forward to having new members join our Group. We promise all of our companies that they will have the capacity to grow, and with a healthy corporate perspective. We grow because our companies develop successfully. We preserve their corporate scope for development and support them on a strategic and fi nancial level. Our com- panies grow because they are able to concentrate on that which sets them apart: achieving good performance, on the basis of their particular know-how and their many years of experience. 7
- Page 1 and 2: Annual Report 2005 HEALTHY GROWTH -
- Page 3 and 4: One of our most critical strengths
- Page 5 and 6: Table of Contents Letter from the E
- Page 7 and 8: With sales of approximately € 350
- Page 9: Dr Lutz Peters Letter from the Advi
- Page 13 and 14: Continuing to develop - for the lon
- Page 15 and 16: Mastering challenges - with strengt
- Page 17 and 18: PRODUCTION BUSINESS SEGMENT The Pro
- Page 19 and 20: company. It sells industrial raw ma
- Page 21 and 22: Gross earnings improve by 36 % Gros
- Page 23 and 24: Elastomer-Processing: Pleasing busi
- Page 25 and 26: Possehl Inc. Group: American tradin
- Page 27 and 28: Net assets: Balance sheet total inc
- Page 29 and 30: RISK MANAGEMENT Based on a system o
- Page 31 and 32: Shares in Süd-Chemie sold off At t
- Page 33 and 34: Consolidated income statement in
- Page 35 and 36: Consolidated balance sheet in €T
- Page 37 and 38: Acquisition or manufacturing costs
- Page 39 and 40: Other changes in equity 12/31/2004/
- Page 41 and 42: In accordance with Article 312 Para
- Page 43 and 44: 6. Depreciation Depreciation of pro
- Page 45 and 46: 14. Property, plant and equipment i
- Page 47 and 48: 19. Shareholders’ equity The desi
- Page 49 and 50: 22. Liabilities in €T 1. Liabilit
- Page 51 and 52: XI. NOTES TO THE SEGMENTAL REPORTIN
- Page 53 and 54: Auditors’ report We have audited
- Page 55 and 56: Shareholdings as of December 31, 20
- Page 57 and 58: CONTACTS AND IMPRINT L. Possehl & C
6<br />
In agreement with the Supervisory Board of the company, the Advisory <strong>Co</strong>uncil approved the<br />
annual fi nancial statements and the consolidated fi nancial statements and recommends that the<br />
share holder approve the annual fi nancial statements. The Advisory <strong>Co</strong>uncil agrees with the Executive<br />
Board’s proposal on the appropriation of profi ts.<br />
Dr Egon Rudolph has been appointed as a member of the Executive Board, effective as of May 19,<br />
2005. On March 31, 2006 Dr Fred Wilsdorf stepped down from the Executive Board of L. <strong>Possehl</strong> &<br />
<strong>Co</strong>. <strong>mbH</strong>. The Advisory <strong>Co</strong>uncil thanks him for his contributions.<br />
Mr. Senator Gerd Rischau (ret.) stepped down from the Advisory <strong>Co</strong>uncil of the company as of<br />
April 25, 2005. The Advisory <strong>Co</strong>uncil would like to thank Mr. Rischau for the work he performed<br />
while on this board. The shareholder has appointed Dr Werner Marnette as the new member of the<br />
Advisory <strong>Co</strong>uncil, effective as of April 25, 2005.<br />
The Advisory <strong>Co</strong>uncil would like to thank the Executive Board, the managing directors of the Group<br />
companies and all employees of the <strong>Possehl</strong> Group for their dedicated and successful service during<br />
the past fi scal year.<br />
Lübeck, May 4, 2006<br />
The Advisory <strong>Co</strong>uncil<br />
Dr Lutz Peters<br />
Chairman<br />
Letter from the Advisory <strong>Co</strong>uncil | HEALTHY GROWTH
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