Matth. Hohner AG

Notes to the Consolidated Financial Statements for Business Year 2010/2011
Information about derivative financial instruments
In the reporting year gain of TEUR 31 from forward exchange rate transactions (prior year: TEUR 7 losses) used
as cash flow hedges were recorded directly in equity after netting out accrued deferred taxes.
The table below shows the maturities of the fair market values of derivative financial instruments:
in TEUR Fair market values
March 31, 2011
Total Maturity up to
one year
Maturity
between one
and five years
Maturity
of more than
five years
Assets
Interest rate hedge 0 0 0 0
Foreign exchange rate hedge 23 23 0 0
23 23 0 0
Equity and Liabilities
Interest rate hedge 41 0 41 0
Foreign exchange rate hedge 0 0 0 0
41 0 41 0
in TEUR Fair market values
March 31, 2010
Total Maturity up to
one year
Maturity
between one
and five years
Maturity
of more than
five years
Assets
Interest rate hedge 0 0 0 0
Foreign exchange rate hedge 0 0 0 0
0 0 0 0
Equity and Liabilities
Interest rate hedge 67 21 46 0
Foreign exchange rate hedge 0 0 0 0
67 21 46 0
The fair values of foreign exchange rate hedges are determined with reference to current forward ex-change
rates for contracts with similar maturities. The fair market value is the amount the Group would have to pay
or would have received in case of offsetting the hedge before maturity. The fair value of interest rate swaps is
determined with reference to fair market values of contracts with similar properties.
23. Segment reporting
The segment information is based on the same disclosure and measurement methods as the consolidated
financial statements.
The criterion used as a basis for allocating the various products to the segments is the way in which they
produce sound. The segmentation is following:
1. Percussion instruments Drums, glockenspiels, xylophones, timpani drums, cymbals etc.
2. Wind instruments Harmonicas, accordions, recorders, melodicas
3. Stringed instruments Acoustic guitars, electric-acoustic guitars, electric guitars,
ukuleles, banjos and guitars accessories.
4. Other Pianos, digital pianos, keyboards, amplifiers, racks etc.
Matth. Hohner AG assesses the performance of the segments based on the progress of gross yield
(= sales revenue +/- variance in inventories - cost of materials). 100 % of the expense and income items
can be directly allocated to the segments.
Notes to the CoNsolidated FiNaNCial statemeNts Notes to the CoNsolidated FiNaNCial statemeNts
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