PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG PDF, 3.2 MB - Pfleiderer AG
PFLEIDERER GROUP FINANCIAL STATEMENTS Pfleiderer Consolidated Balance Sheet for Fiscal Year Ending December 31, 2004 Assets ‘000 euros Notes Dec. 31, 2004 Dec. 31, 2003 Liquid funds (1) 57,663 67,154 Securities classified as current assets (2) 25,065 0 Receivables and other assets (3) (4) 79,159 80,533 Inventories, net (5) 104,554 101,173 Deferred tax assets (21) 9,108 7,786 Prepaid expenses 499 762 Assets of discontinued operations (17) 4,940 106,388 Current assets 280,988 363,796 Property, plant and equipment, net (6) 328,283 299,279 Intangible assets, net (7) 93,751 92,643 Financial assets (8) 17,625 2,218 Deferred tax assets (21) 16,742 15,759 Other fixed assets (9) 2,143 5,561 Fixed assets 458,544 415,460 Total assets 739,532 779,256 64
Liabilities and Shareholders’ Equity ‘000 euros Notes Dec. 31, 2004 Dec. 31, 2003 Short-term liabilities (10) 123,058 120,294 Financial liabilities (11) 13,640 49,816 Other short-term accruals (12) 54,836 26,738 Deferred tax liabilities (21) 801 2,219 Deferred income 1,794 2,061 Liabilities of discontinued operations (17) 17,090 72,468 Short-term liabilities 211,219 273,596 Long-term financial liabilities (13) (14) 192,037 273,176 Accruals for pensions (22) 60,420 57,825 Deferred tax liabilities (21) 17,902 19,396 Other long-term liabilities 1 0 Other long-term accruals (15) 14,335 11,754 Deferred income (16) 2,495 4,278 Minority interests 90,227 44,338 Long-term liabilities 377,417 410,767 Subscribed capital 109,274 109,274 Additional paid-in capital 10,927 10,927 Revenue reserves 158,862 158,862 Treasury stock 0 0 Retained earnings/accumulated loss –120,326 –163,195 Other comprehensive income –7,841 –20,975 Shareholders’ equity (18) 150,896 94,893 Total liabilities and shareholders’ equity 739,532 779,256 The accompanying notes are an integral part of these consolidated Financial Statements. 65 FINANCIAL STATEMENTS PFLEIDERER GROUP
- Page 17 and 18: 4. Supervisory Board The Board of M
- Page 19 and 20: Declaration of Compliance 2004 Unde
- Page 21: Stock Option Program 2004 (Continua
- Page 24 and 25: PFLEIDERER GROUP AND PFLEIDERER AG
- Page 26 and 27: Company Report Corporate portfolio
- Page 28 and 29: In fiscal 2004, the Pfleiderer Grou
- Page 30 and 31: Net indebtedness of the Pfleiderer
- Page 33 and 34: GERMANY GDP in Germany increased by
- Page 35 and 36: y expanding foreign and export rati
- Page 37 and 38: Production Pfleiderer Engineered Wo
- Page 39 and 40: Aside from its leading market prese
- Page 41 and 42: Due to its very low construction he
- Page 43: Procurement In order to take advant
- Page 46 and 47: Research & Development New “Multi
- Page 48 and 49: In September 2004, Pfleiderer appro
- Page 50 and 51: Personnel As of December 31, 2004,
- Page 52 and 53: Pfleiderer Corporate Guidelines for
- Page 54 and 55: Economic and Political Risks and In
- Page 56 and 57: No liquidity risk exists at present
- Page 58 and 59: wodego® is the latest brand in Pfl
- Page 60 and 61: Key Figures 2004 2003 No. of shares
- Page 62 and 63: Investor Relations Activities Indiv
- Page 64 and 65: While the prices paid for paraffin
- Page 67: TURKEY The Turkish economy reported
- Page 71 and 72: Pfleiderer Consolidated Statement o
- Page 73 and 74: Comprehensive income 69 Other compr
- Page 75 and 76: Infrastructure Technology Consolida
- Page 77 and 78: Scope of Consolidation The consolid
- Page 79 and 80: The activities of the Poles & Tower
- Page 81 and 82: Sales of receivables are treated wi
- Page 83 and 84: Property, Plant and Equipment Prope
- Page 85 and 86: Accruals for Pensions and Similar O
- Page 87 and 88: 1. Liquid funds 2. Securities class
- Page 89 and 90: 7. Intangible assets As in the prev
- Page 91 and 92: 11. Financial liabilities 12. Other
- Page 93 and 94: 16. Long-term deferred income 17. D
- Page 95 and 96: 18. Stockholders’ equity The foll
- Page 97 and 98: Stock Appreciation Rights 2000 Unde
- Page 99 and 100: 20. Derivative financial instrument
- Page 101 and 102: Derivative financial instruments ar
- Page 103 and 104: The following table reconciles the
- Page 105 and 106: 22. Pensions and similar obligation
- Page 107 and 108: The following table explains the ch
- Page 109 and 110: 1. Contingent liabilities VII. Othe
- Page 111 and 112: 3. Pending litigation and claims 4.
- Page 113 and 114: Geographical Information Sales Reve
- Page 115 and 116: 1. Leases 2. Valuation of inventori
- Page 117 and 118: 8. Discontinued operations Under US
Liabilities and Shareholders’ Equity<br />
‘000 euros Notes Dec. 31, 2004 Dec. 31, 2003<br />
Short-term liabilities (10) 123,058 120,294<br />
Financial liabilities (11) 13,640 49,816<br />
Other short-term accruals (12) 54,836 26,738<br />
Deferred tax liabilities (21) 801 2,219<br />
Deferred income 1,794 2,061<br />
Liabilities of discontinued operations (17) 17,090 72,468<br />
Short-term liabilities 211,219 273,596<br />
Long-term financial liabilities (13) (14) 192,037 273,176<br />
Accruals for pensions (22) 60,420 57,825<br />
Deferred tax liabilities (21) 17,902 19,396<br />
Other long-term liabilities 1 0<br />
Other long-term accruals (15) 14,335 11,754<br />
Deferred income (16) 2,495 4,278<br />
Minority interests 90,227 44,338<br />
Long-term liabilities 377,417 410,767<br />
Subscribed capital 109,274 109,274<br />
Additional paid-in capital 10,927 10,927<br />
Revenue reserves 158,862 158,862<br />
Treasury stock 0 0<br />
Retained earnings/accumulated loss –120,326 –163,195<br />
Other comprehensive income –7,841 –20,975<br />
Shareholders’ equity (18) 150,896 94,893<br />
Total liabilities and shareholders’ equity 739,532 779,256<br />
The accompanying notes are an integral part of these consolidated Financial Statements.<br />
65<br />
FINANCIAL STATEMENTS PFLEIDERER GROUP
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