ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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A.S. CRÉATION: KEY FIGURES 2007 2008 2009 2010 2011 Sales ¤ '000 167,633 176,216 181,325 184,603 192,262 Earnings before interest and taxes (EBIT) ¤ '000 15,005 13,502 13,428 14,318 9,587 Earnings before income taxes ¤ '000 14,562 12,856 10,834 12,352 7,325 Net profit ¤ '000 9,982 8,925 7,499 8,395 4,650 Cash-flow ¤ '000 17,926 18,058 17,568 19,027 14,338 Capital expenditures ¤ '000 11,232 23,893 5,771 6,826 19,667 Depreciation ¤ '000 8,397 8,215 9,864 10,504 9,933 Non-current assets ¤ '000 54,007 73,247 68,866 64,460 67,763 Shareholders' equity ¤ '000 76,901 80,288 83,774 88,789 89,553 Non-current liabilities ¤ '000 27,922 54,336 51,688 39,689 43,436 Total assets ¤ '000 124,557 171,730 161,835 161,625 157,327 Earnings per share ¤ /share 3.59 3.22 2.72 3.05 1.69 Dividend ¤ /share 1.60 1.40 1.20 1.35 0.75 Number of employees (average) 675 719 787 772 796
Foreword 8 Managing Board and Supervisory Board 12 Highlights 2011 13 Report of the Supervisory Board 14 Corporate Governance Statement and Report on Corporate Governance 19 Group Management Report 31 The share and our shareholders 62 Consolidated financial statements according to IFRS 73 Profit Appropriation Proposal 117 Corporate Calendar 121 This English translation of the annual report 2011 is merely a convenience translation. The German version is the prevailing one. TABLE OF CONTENT
Page 1: ANNUAL REPORT 2011 A.S. CRÉATION T
Page 5 and 6: account, however, the A.S. Créatio
Page 7 and 8: higher sales also in the Eastern Eu
Page 9 and 10: January February April May November
Page 11 and 12: Board has transferred decision-maki
Page 13 and 14: • discussion about the recommenda
Page 15 and 16: CORPORATE GOVERNANCE STATEMENT AND
Page 17 and 18: Declaration of conformity pursuant
Page 19 and 20: to the Supervisory Board in writing
Page 21 and 22: Accounting and audit The consolidat
Page 23 and 24: Introduction The A.S. Création Gro
Page 25 and 26: possible. On the other hand, there
Page 27 and 28: homing or cocooning, which they see
Page 29 and 30: evenues generated by A.S. Création
Page 31 and 32: the fiscal year is due to the revis
Page 33 and 34: dards by an independent auditor on
Page 35 and 36: with effect from March 1, 2011. In
Page 37 and 38: Cash-flow in € m 17.6 19.0 2009 2
Page 39 and 40: production facility in Russia, the
Page 41 and 42: from the performance-oriented syste
Page 43 and 44: up to € 4,500,000 through the iss
Page 45 and 46: or its Audit Committee for the audi
Page 47 and 48: 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
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start-up losses incurred in Russia
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Political stock markets weigh on sh
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light of this fact, the Managing Bo
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Shareholder Structure Free float 41
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CONSOLIDATED FINANCIAL STATEMENTS A
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Equity and Liabilities Notes 31.12.
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A.S. Création Tapeten AG, Gummersb
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A.S. Création Tapeten AG, Gummersb
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of domestic and foreign companies i
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In accordance with IAS 21, foreign
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attributable cost but also the fact
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conditions, shorter useful lives re
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(2) Intangible fixed assets The tab
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(5) Other assets A breakdown of oth
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(8) Inventories Inventories compris
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As in the previous year, capital re
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(13) Other liabilities The breakdow
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The table below shows the changes i
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administrative offence proceedings.
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(21) Depreciation A breakdown of de
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Complementary information (26) Cash
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The table below shows a breakdown o
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(31) Additional disclosures on fina
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(34) Supervisory Board In FY 2011,
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on its website. The declaration of
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In our opinion, based on the findin
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PROFIT APPROPRIATION PROPOSAL Balan
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Equity and Liabilities 31.12.2011 3
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March 22, 2012 Analyst presentation
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Cover photo: A fascinating microcos
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ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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