PDF, 3.2 MB - Pfleiderer AG

1. Selling expenses
2. Other operating
income/other
operating expenses
3. Net interest
V. Notes to the Statement of Income
The selling expenses of 121,636 thousand euros (2003: 113,577 thousand euros) include freight
out of 52,031 thousand euros (2003: 46,748 thousand euros).
Jan. 1 – Jan. 1 –
‘000 euros Dec. 31, 2004 Dec. 31, 2003
Other operating income 48,609 26,152
Other operating expenses 37,455 10,053
Total 11,154 16,099
Other operating income/other operating expenses include the proceeds from the dilution gain
of 22,699 thousand euros from the increase in capital in Poland. They also include proceeds
of 3,588 thousand euros from the reversal of specific and lump-sum allowances for doubtful accounts.
Foreign exchange gains of 3,070 thousand euros are also reported here. The expenses
mainly result from provisions of 16,998 thousand euros for closure costs for the Rheda-Wiedenbrück
site, expenses of 5,257 thousand euros for allocations to accruals and foreign exchange
losses of 4,688 thousand euros.
Jan. 1 – Jan. 1 –
‘000 euros Dec. 31, 2004 Dec. 31, 2003
Other interest and similar income 5,745 7,875
Interest and similar expenses 24,361 24,937
Total –18,616 –17,062
Other interest and similar income primarily includes interest income on invested funds. The
interest expense results from financial liabilities, interest in connection with hedging transactions
and expenses of 3,820 thousand euros from the dissolution of interest swaps.
VI. Notes to the Consolidated Statement of Cash Flows
The cash and cash equivalents in the cash flow statement comprise the sum of the balance
sheet items, liquid funds and securities classified as current assets.
Interest payments in the fiscal year 2004 amounted to 19,707 thousand euros (2003:
21,039 thousand euros). Payments for taxes on income amounted to 11,587 thousand euros
(2003: 14,185 thousand euros).
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