Group - L. Possehl & Co. mbH
Group - L. Possehl & Co. mbH
Group - L. Possehl & Co. mbH
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NotES to tHE <strong>Co</strong>NSoLidatEd<br />
iN<strong>Co</strong>ME StatEMENt<br />
12. Net Sales<br />
The breakdown of consolidated net sales of e 1,521,695,000 (previous<br />
year: e 1,452,163,000) according to division and region is shown<br />
in the segment reporting.<br />
13. Changes in finished Goods, Work in Progress,<br />
and Capitalized own Work<br />
in E ’000 2007 2006<br />
Changes in finished goods<br />
and work in progress -26,905 -854<br />
Other capitalized own work 1,257 1,191<br />
14. other operating income<br />
-25,648 337<br />
in E ’000 2007 2006<br />
Income from reversal of provisions 8,621 6,341<br />
Income from write backs and receipt<br />
of written off receivables 447 2,578<br />
Income from rents and leases 3,457 3,325<br />
Currency gains 2,945 1,492<br />
Insurance rebates 2,105 711<br />
Gains on disposals of assets and write<br />
backs 2,112 1,686<br />
Gains on disposals of fully consolidated<br />
subsidiaries 143 133<br />
Other 15,062 8,502<br />
34,892 24,768<br />
Gains on disposal of fully consolidated subsidiaries show the total<br />
gain from the disposal of individual assets and liabilities of subsidiaries<br />
no longer included in the group of consolidated companies. Deconsolidation<br />
takes place with full effect on profit and loss, including the<br />
differences recognized in the consolidated financial statements.<br />
15. <strong>Co</strong>st of Materials<br />
Letter from the Executive Board<br />
<strong>Co</strong>mpany Boards<br />
Report of the <strong>Co</strong>ntrolling Boards<br />
Successful over the Long Term<br />
<strong>Group</strong> Management Report<br />
<strong>Co</strong>nsolidated Financial Statements<br />
Further Information<br />
in E ’000 2007 2006<br />
Expenses of raw materials,<br />
c onsumables, and accessories<br />
as well as of purchased goods 930,561 898,309<br />
Expenses of purchased services 58,353 48,582<br />
16. Employee Expenses<br />
988,914 946,891<br />
in E ’000 2007 2006<br />
Wages and salaries 219,616 210,136<br />
Social security contributions 40,340 39,496<br />
Pension payments 9,267 8,534<br />
269,223 258,166<br />
The average number of employees by group was as follows:<br />
2007 2006<br />
Manual workers 3,703 3,508<br />
Salaried employees 3,142 3,298<br />
Apprentices 167 152<br />
7,012 6,958<br />
The number of employees in the individual divisions is shown in the<br />
segment reporting.<br />
17. depreciation and amortization<br />
Depreciation and amortization in the previous year included<br />
unscheduled depreciation and amortization of e 181,000 on intangible<br />
assets and property, plant, and equipment.<br />
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