Matth. Hohner AG

Consolidated Income Statement for Fiscal Year
from April 1, 2010 to March 31, 2011
Notes EUR 2011/2010
EUR
2009/2010
TEUR
Sales (15) 63,930,016.73 58,037
Decrease in finished goods and work in process -599,376.66 -1,933
Other operating income (16) 1,878,029.86 1,048
Cost of materials
Cost of raw materials, consumables and
65,208,669.93 57,152
supplies and of purchased merchandise (5) -33,662,304.54 -28,008
Cost of purchased services -870,546.43 -647
Personnel expenses
-34,532,850.97 -28,655
Wages and salaries (17) -14,596,040.55 -13,894
Social security, pensions and other benefit costs -3,280,981.05 -3,231
Amortization of intangible assets and
-17,877,021.60 -17,125
depreciation of property, plant and equipment -1,129,595.89 -925
Other operating expenses (18) -9,013,120.04 -7,408
-62,552,588.50 -54,113
Income from companies accounted for at equity (19) 0.00 0
Other interest and similar income (19) 70,226.34 68
Interest and similar expenses (19) -723,665.21 -862
-653,438.87 -794
Result from ordinary activities 2,002,642.56 2,245
Income taxes (20) -518,139.75 -1,402
Net income for the year 1,484,502.81 843
Profit carryforward 8,854,985.32 8,850
Transfers to legal reserve (9) 21,178.35 26
Transfers to other revenue reserves (9) 0.00 568
Consolidated retained earnings 10,318,309.78 9,099
EUR EUR
Earnings per share (21) 0.49 0.28
CONSOLIDATED INCOME STATEMENT
59