Group - L. Possehl & Co. mbH

Personnel provisions primarily relate to obligations toward staff for
anniversary gifts, outstanding vacation entitlement, overtime, annual
bonuses, and partial early retirement as well as severance packages
and social compensation plans.
The item Accounting covers accounting work in the current year
relating to the reporting year and the internal and external costs of
preparing, auditing, and publishing the financial statements.
The other provisions mostly include obligations for disposing of
pollution, for guarantees and litigation, as well as for annuities. This
item also includes a negative difference from the consolidation of
equity and attributable to expense. Changes in this item in the reporting
year were as follows:
44
e ’000
01/01/2007 8,107
Reversals -5,989
Additions 4,682
12/31/2007 6,800
Additions result from the acquisition of the remaining shares in
Hako Holding GmbH & Co. KG and Hako-Werke Beteiligungsverwaltungsgesellschaft
mbH.
11. Liabilities
in E ’000 Up to 1 year 1 – 5 years Over 5 years total
1. Liabilities toward banks
(previous year)
2. accounts payable
(previous year)
3. other liabilities
Liabilities from bills drawn
(previous year)
Liabilities toward affiliated companies
(previous year)
Liabilities toward investee and investor companies
(previous year)
Other liabilities
(previous year)
total other liabilities
(previous year)
Liabilities of e 12,371,000 (previous year: e 17,196,000) are
secured by liens and retention of title.
Other liabilities include:
in E ’000 12/31/2007 12/31/2006
Taxes 6,909 6,785
Social security 2,358 2,851
Shareholders (of which Possehl-
Stiftung € 53,655,000;
previous year: € 50,416,000) 53,923 55,512
Other 21,519 20,492
67,520
(96,228)
94,894
(97,926)
7,818
(5,771)
30
(30)
626
(206)
83,786
(84,637)
92,260
(90,644)
93,824
(56,299)
0
(54)
0
(–)
0
(–)
0
(–)
896
(1,003)
896
(1,003)
84,709 85,640
4,672
(6,320)
0
(–)
0
(–)
0
(–)
0
(–)
27
(–)
27
(–)
166,016
(158,847)
94,894
(97,980)
7,818
(5,771)
30
(30)
626
(206)
84,709
(85,640)
93,183
(91,647)