Matth. Hohner AG
Matth. Hohner AG
Matth. Hohner AG
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Notes to the Consolidated Financial Statements for Business Year 2010/2011<br />
General information<br />
Management<br />
Stefan Althoff<br />
Manfred Stöhr<br />
Registered office:<br />
Andreas- Koch- Straße 9<br />
78647 Trossingen<br />
Germany<br />
Information on the entity<br />
<strong>Matth</strong>. <strong>Hohner</strong> Aktiengesellschaft is a stock corporation headquartered in Trossingen, Germany, whose shares<br />
are traded on the regulated market of the stock exchange in Stuttgart.<br />
Description of the nature of the entity’s operations and its principal activities<br />
The company’s purpose is to produce and market musical instruments and related products, all kinds of<br />
trading associated with these products and their accessories as well as to produce and distribute sheet music,<br />
books, music magazines, and educational products including exploitation of publishing rights and copyrights.<br />
The entity is authorized to engage in all transactions and take all measures which appear necessary or useful<br />
for achieving this company purpose, in particular establishing branches, participating in other entities and<br />
founding entities of its own, both within and outside Germany.<br />
General disclosures<br />
<strong>Matth</strong>. <strong>Hohner</strong> Aktiengesellschaft has prepared its consolidated financial statements according to International<br />
Financial Reporting Standards (IFRS) as these apply in the EU in the reporting period, as well as the<br />
supplementary provisions of the Handelsgesetzbuch (HGB – German Commercial Code) pursuant to § 315a<br />
Section 1 HGB and the Aktiengesetz (AktG – German Stock Corporation Act). All of the International Financial<br />
Reporting Standards (IFRS) applicable in the business year 2010/2011, the remaining applicable International<br />
Accounting Standards (IAS), the interpretations of the International Financial Reporting Interpretations<br />
Committee (IFRIC) and of the former Standing Interpretations Committee (SIC) were observed.<br />
The consolidated financial statements satisfy all requirements of the International Financial Reporting<br />
Standards (IFRS) and their interpretations to the extent that they apply in the EU and is presumed to result<br />
in financial statements that achieve a fair presentation of financial position, financial performance and cash<br />
flows.<br />
On June 27, 2011, the management of <strong>Matth</strong>. <strong>Hohner</strong> Aktiengesellschaft will submit the consolidated<br />
financial statements to the supervisory board for approval. After approval by the supervisory board, the<br />
consolidated financial statements 2010/2011 of <strong>Matth</strong>. <strong>Hohner</strong> Aktiengesellschaft will be submitted to the<br />
operator of the electronic federal gazette for publication. The consolidated financial statements will then be<br />
available for download from the homepage of the company (www.hohner.eu).<br />
The consolidated financial statements have been prepared in Euro. Unless indicated otherwise, all amounts are<br />
stated in thousands of Euro (TEUR).<br />
The following standards or changes to standards, issued by the IASB, were to be applied for the first time in<br />
this business year:<br />
• IFRS 1: First-time Adaption of International Financial Reporting Standards<br />
• IFRS 1: First-time Adaption of International Financial Reporting Standards (changes concern Assets<br />
of the oil- and gas section and diagnosis if an arrangement includes a lease).<br />
• IFRS 2: Share-based payment<br />
• IFRS 3: Business combinations<br />
• IAS 24: Related party disclosures<br />
• IAS 27: Consolidated and separate financial statements<br />
(broad revision for the application of purchase accounting).<br />
• IAS 32: Financial instruments: presentation<br />
• IAS 39: Financial instruments: recognition and measurement<br />
• IFRS Annual Improvement of April 2009, only the including changes of IFRS 1 and IFRS 5<br />
• IFRS Annual Improvement of April 2009<br />
• IFRIC 12: Service Concessions Arrangements<br />
• IFRIC 14: IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements<br />
and their Interaction<br />
• IFRIC 15: Agreements for the Construction of Real Estate<br />
• IFRIC 16: Hedges of a Net Investment in a Foreign Operation<br />
• IFRIC 17: Distribution of Non-cash Assets to Owners<br />
• IFRIC 18: Transfer of Assets from Customers<br />
• IFRIC 19: Extinguishing Financial Liabilities with Equity Instruments<br />
Notes to the CoNsolidated FiNaNCial statemeNts Notes to the CoNsolidated FiNaNCial statemeNts<br />
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