Consolidated Financial Statements - L. Possehl & Co. mbH

6. Depreciation
Depreciation of property, plant and equipment amounts to € 18,346,000
(previous year: € 17,764,000) and depreciation of intangible assets
amounts to € 848,000 (previous year: € 506,000). An extraordinary
amount of € 488,000 (previous year € 1,968,000) on tangible assets
is included.
7. Other operating expenses
in €T 2005 2004
Other administrative expenses 9,208 5,812
Other operating expenses 13,762 8,168
Freight expenses 9,127 6,622
Other sales and marketing expenses 17,166 8,016
Insurance expenses 3,756 3,169
Other personnel expenses 7,693 2,879
Expenses for rents and leases 3,300 2,842
Currency expenses
Legal, IT and other
2,065 2,812
consulting services 6,957 4,501
Maintenance expenses
Expenses from the addition of
8,609 2,376
individual and lump-sum allowances
Other losses in value
1,543 1,109
of current assets
Losses from the disposal of fully
362 513
consolidated subsidiaries 345 0
Losses from the disposal of tangible assets 427 308
Other 2,152 7,089
86,472 56,216
The losses from the disposal of investments are reported under the
investment result if they concern not fully consolidated affi liated, associated
and other participations, otherwise they are reported under
the fi nancial result.
8. Investment result
in €T
Income from participations
2005 2004
in associated companies 1,604 1,147
Income from other participations 0 4
Income from profi t transfers
Losses from the disposal
0 564
of other participations -310 0
Expenses from loss assumption
Expenses for participations
-498 0
in associated companies
Write-downs on participations
-213 0
in associated companies
Write-downs on
0 -222
other participations -112 -13
471 1,480
9. Interest result
in €T
Income from loans of
2005 2004
fi nancial fi xed assets 158 130
Other interest and similar income 3,600 2,434
Interest paid and similar expenses -10,733 -7,667
-6,975 -5,103
Interest expense for expenses related to affi liated companies amounts
to € 240,000. In the previous year, an interest result of € 560,000
related to affi liated companies.
10. Other fi nancial result
in €T
Income from marketable securities
2005 2004
(dividends received) 2,922 749
Write-offs on loans 0 -175
2,922 574
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