Matth. Hohner AG

Notes to the Consolidated Financial Statements for Business Year 2010/2011
No significant impacts are expected of the new or changed rules to the consolidated financial statements.
Following standards or changes of standards are bindingly to use for a business year which begins after
January 1 2010.
• Changes of IFRS 1: First-time Adaption of International Financial Reporting Standards
• Changes of IAS 24: Related party disclosures
• Changes of IAS 32: Financial instruments: presentation
• Changes of IFRIC 14: IAS 19 – The Limit on a Defind Benefit Asset, Minimum Funding Requirements
and their Interaction
• IFRIC 19: Extinguishing Financial Liabilities with Equity Instruments
No significant impacts are expected of the new or changed rules to the consolidated financial statements.
In addition, further standards or amendments were issued, but they haven’t been recognized by the EU yet.
• IFRS 1: First-time Adaption of International Reporting Standards (changes relating to bold high inflation)
• IFRS 7: Financial Instruments: disclosures
(changes for improvement of the details for transmission of financial Assets)
• IFRS 9: Financial Instruments
• IAS 12: Income tax (restricted changes concerning to the recovery of the underlying Assets)
• Improvement of the IFRS on May 2010
Consolidated entities
In addition to Matth. Hohner Aktiengesellschaft, which is registered in the Stuttgart commercial register under
HRB 460029, all significant entities are included in the consolidated financial statements for which Matth.
Hohner Aktiengesellschaft has the possibility to directly or indirectly determine the financial or business policy
so that the Group entities benefit from the activity of these entities (subsidiaries).
The consolidated Group as of March 31, 2011 is as follows:
Matth. Hohner Aktiengesellschaft, Trossingen, (parent company) holds direct interests in:
Hohner Grundstücksgesellschaft mbH & Co. KG, Trossingen
Interest
in %
100
SONOR GmbH & Co. KG, Bad Berleburg 100
SONOR Verwaltungs-GmbH, Bad Berleburg 100
Hohner S.A., Semur-en-Auxois/France 100
Hohner Inc., Glen Allen, Virginia/USA 100
Hohner Verwaltungs- und Beteiligungs-GmbH, Trossingen 100
Hohner Musikinstrumente GmbH & Co. KG, Trossingen 100
Hohner Musikinstrumente Verwaltungs-GmbH, Trossingen 100
SONOR GmbH & Co. KG, Bad Berleburg, holds an interest in:
Hohner- Sonor AG, Bolligen-Dorf/Schweiz 100
Hohner-St. Petersburg/Russia (wholly owned) is idle and has therefore not been consolidated due to its
immateriality. Hohner-Konservatorium Trossingen GmbH, Trossingen (33 1/3 %) was not included in the
consolidated Group due to the minority interest and its immateriality. The carrying amounts of these entities
were included in the consolidated financial statements at amortized cost.
In addition, Hohner Inc., Glen Allen, Virginia/USA for its part holds an interest of 25 % to the Shanghai
Lansheng-Hohner Musical Instruments Co., Ltd., Shanghai/China. These shares are included in the
consolidated financial statements according to the equity-method.
Consolidated entity
Hohner Pisek, a fully consolidated entity of the prior year, was deconsolidated at March 31, 2010 and
therefore is no longer contained in the consolidated financial statements of the HOHNER Group.
Notes to the CoNsolidated FiNaNCial statemeNts Notes to the CoNsolidated FiNaNCial statemeNts
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