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 />
Other reserves<br />
Currency translation<br />
DThe reserve for exchange rate differences serves to record the differences arising from the currency<br />
translation of the financial statements of foreign subsidiaries.<br />
Actuarial gains/losses<br />
This relates to two German and one American subsidiary which recorded the actuarial gains/losses that arose<br />
from the calculation of the pension provisions directly in equity (after netting with deferred taxes).<br />
Capital risk management<br />
The capital structure of the Group consists of equity attributable to the equity investors of the parent<br />
company, liabilities, including those liabilities mentioned in section 10 of these notes, as well as cash and cash<br />
equivalents. The equity comprises issued shares, revenue reserves as well as other reserves. Equity accounts for<br />
about 53 % (prior year: 51 %) of total capital.<br />
10. Liabilities to affiliated companies, liabilities to banks and lease liabilities<br />
Current items<br />
Effective interest<br />
rate in %<br />
Liabilities from finance leases and hire purchase agreements<br />
Liabilities to affiliated companies<br />
Liabilities to banks<br />
Interest-bearing, collateralized loan<br />
for TUSD 889 (prior year: TUSD 595)<br />
At 2.64 % (prior year: 2.08 %)<br />
interest-bearing, collateralized loan<br />
for TUSD 68 (prior year: TUSD 64)<br />
6.0<br />
3.0<br />
(prior year: 3.0)<br />
1-month-LIBOR<br />
+ 1.85 (prior<br />
year: + 1.85)<br />
Maturity March<br />
31, 2011<br />
TEUR 1,278 p.a.<br />
(annuity)<br />
March<br />
31, 2010<br />
TEUR TEUR<br />
0 11<br />
1,065 1,015<br />
625 442<br />
48 48<br />
Loan for TEUR 1,278 4.90 TEUR 128 p.a. 128 128<br />
Loan for TEUR 1,725 4.95<br />
TEUR 15 per<br />
month (annuity)<br />
164 152<br />
Other less than TEUR 100 0 1<br />
965 771<br />
Liabilities to affiliated companies<br />
For the liabilities to affiliated entities we budgeted a higher payment of TEUR 1,300, which exceeds the<br />
contractually agreed annuity of TEUR 1,278.<br />
Loan bearing interest of 3.0 % for TUSD 889<br />
The loan is collateralized with inventories and property, plant and equipment.<br />
Notes to the CoNsolidated FiNaNCial statemeNts Notes to the CoNsolidated FiNaNCial statemeNts<br />
95
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