ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 112 No credit agreements with members of the Supervisory Board or the Managing Board existed as of the balance sheet date. Provisions for pensions for former members of the Managing Board and their descendants amounted to € 1.865 million (2010: € 1.523 million) as of the balance sheet date. Pension payments to former members of the Managing Board amounted to € 0.095 million (2010: € 0.094 million). (36) Related party transactions A.S. Création Tapeten AG has granted a loan at market interest rates to OOO A.S. & Palitra, which is accounted for using the equity method. The loan, which amounted to € 6.200 million (2010: € 0 million) on the balance sheet date, is recognised as a non-current fi nancial asset. The resulting interest income of € 0.118 million (2010: € 0 million) is included in the fi nancial result. As the interest incurred during the start-up phase is deferred in accordance with the loan agreement, receivables in an amount of € 0.118 million (2010: € 0 million) existed as of the balance sheet date, which are included in other assets. With the consent of the Supervisory Board, the company has signed an agreement on project consulting and implementation with Franz Jürgen Schneider, Supervisory Board Chairman, in order to use his long-standing experience and his achievements in the wallpaper industry for the company. The remuneration under this consulting agreement is based on market hourly rates against proof of hours actually worked. In the fi scal year 2011, the fee for these consulting services amounted to € 0.120 million (2010: € 0.119 million). Franz Jürgen Schneider is Chairman of the Managing Board of A.S. Création Tapeten-Stiftung, a charitable foundation established by him. In the past fi scal year, A.S. Création Tapeten-Stiftung received a donation of € 0.030 million (2010: € 0.030 million) from A.S. Création Tapeten AG in support of its work. (37) Declaration of conformity with the German Corporate Governance Code On March 18, 2011, the Managing Board and the Supervisory Board issued the declaration of conformity for FY 2011 in accordance with section 161 of the German Stock Corporation Act (Aktiengesetz AktG), which has been made permanently available to the company’s shareholders
on its website. The declaration of conformity for FY 2012 will be discussed and adopted at the Supervisory Board meeting on March 15, 2012. This declaration will be published on the company’s website and in the chapter “Corporate governance statement and report on corporate governance” of the 2011 Annual Report. (38) Post balance sheet events No events that require reporting have occurred. The Managing Board of A.S. Création Tapeten AG has today released the consolidated financial statements and the Group management report for being passed on to the Supervisory Board. The latter has the task to review the consolidated financial statements and the Group management report and to declare whether it approves the consolidated financial statements and the Group management report. Gummersbach, February 29, 2012 A.S. Création Tapeten AG The Managing Board Kämper Hallwig Krämer CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 113
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ANNUAL REPORT 2011 A.S. CRÉATION T
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Foreword 8 Managing Board and Super
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account, however, the A.S. Créatio
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higher sales also in the Eastern Eu
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January February April May November
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Board has transferred decision-maki
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• discussion about the recommenda
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CORPORATE GOVERNANCE STATEMENT AND
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Declaration of conformity pursuant
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to the Supervisory Board in writing
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Accounting and audit The consolidat
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Introduction The A.S. Création Gro
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possible. On the other hand, there
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homing or cocooning, which they see
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evenues generated by A.S. Création
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the fiscal year is due to the revis
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dards by an independent auditor on
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with effect from March 1, 2011. In
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Cash-flow in € m 17.6 19.0 2009 2
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production facility in Russia, the
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from the performance-oriented syste
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up to € 4,500,000 through the iss
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or its Audit Committee for the audi
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product for PVC, which would result
Page 49 and 50: with supplies to joint customers. A
Page 51 and 52: 5% are projected for Russia’s GDP
Page 53 and 54: start-up losses incurred in Russia
Page 55 and 56: Political stock markets weigh on sh
Page 57 and 58: light of this fact, the Managing Bo
Page 59 and 60: Shareholder Structure Free float 41
Page 61 and 62: CONSOLIDATED FINANCIAL STATEMENTS A
Page 63 and 64: Equity and Liabilities Notes 31.12.
Page 65 and 66: A.S. Création Tapeten AG, Gummersb
Page 67 and 68: A.S. Création Tapeten AG, Gummersb
Page 69 and 70: of domestic and foreign companies i
Page 71 and 72: In accordance with IAS 21, foreign
Page 73 and 74: attributable cost but also the fact
Page 75 and 76: conditions, shorter useful lives re
Page 77 and 78: (2) Intangible fixed assets The tab
Page 79 and 80: (5) Other assets A breakdown of oth
Page 81 and 82: (8) Inventories Inventories compris
Page 83 and 84: As in the previous year, capital re
Page 85 and 86: (13) Other liabilities The breakdow
Page 87 and 88: The table below shows the changes i
Page 89 and 90: administrative offence proceedings.
Page 91 and 92: (21) Depreciation A breakdown of de
Page 93 and 94: Complementary information (26) Cash
Page 95 and 96: The table below shows a breakdown o
Page 97 and 98: (31) Additional disclosures on fina
Page 99: (34) Supervisory Board In FY 2011,
Page 103 and 104: In our opinion, based on the findin
Page 105 and 106: PROFIT APPROPRIATION PROPOSAL Balan
Page 107 and 108: Equity and Liabilities 31.12.2011 3
Page 109 and 110: March 22, 2012 Analyst presentation
Page 111: Cover photo: A fascinating microcos
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ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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