ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 76 A.S. Création Tapeten AG, Gummersbach Consolidated income statement for the period from January 1, 2011 to December 31, 2011 Notes 2011 2010 No. ¤ ¤ Sales Increase or decrease in unfinished (17) 192,261,886.06 184,603,379.32 and finished goods 1,179,511.08 1,983,635.39 Other own work capitalised 72,432.75 2,175.00 Total output 193,513,829.89 186,589,189.71 Cost of materials (18) 104,863,249.27 96,064,012.85 Gross profit 88,650,580.62 90,525,176.86 Other income (19) 1,243,091.99 1,313,025.00 89,893,672.61 91,838,201.86 Personnel expenses (20) 41,275,742.88 39,335,859.68 Depreciation (21) 9,932,699.02 10,504,180.96 Operating taxes 526,593.43 513,112.74 Other operating expenses (22) 28,571,951.67 27,166,808.15 Operating expenses 80,306,987.00 77,519,961.53 Earnings before interest and taxes (EBIT) 9,586,685.61 14,318,240.33 Interest and similar income 183,249.46 77,016.42 Results from investments accounted for at equity -226,391.41 -88,970.47 Interest and similar expenses 2,218,355.23 1,954,703.90 Financial result (23) -2,261,497.18 -1,966,657.95 Earnings before income taxes 7,325,188.43 12,351,582.38 Income taxes (24) 2,675,292.01 3,956,726.80 Net profit 4,649,896.42 8,394,855.58 Earnings per share (25) 1.69 3.05
A.S. Création Tapeten AG, Gummersbach Consolidation statement of comprehensive income for the period from January 1, 2011 to December 31, 2011 Consolidated statement of changes in equity for the period from January 1, 2011 to December 31, 2011 CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 2011 2010 € ’000 € ’000 Net profit 4,650 8,395 Foreign currency translation differences for fully consolidated companies 21 15 Foreign currency translation differences for investments accounted for at equity -98 6 Change in fair value of an interest rate hedge -127 -134 Deferred taxes on other comprehensive income 39 41 Other comprehensive income -165 -72 Total comprehensive income 4,485 8,323 Capital Capital Revenue Profit Net Adjust- Currency Total Stock reserves reserves carried Profit ment for translation forward own differences shares € ’000 € ’000 € ’000 € ’000 € ’000 € ’000 € ’000 € ’000 December 31, 2009 9,000 13,757 44,567 12,937 7,499 -4,021 35 83,774 Net profit 2009 0 0 0 7,499 -7,499 0 0 0 Dividend payments 0 0 0 –3,308 0 0 0 –3,308 Allocation to revenue reserves Total comprehensive 0 0 3,646 -3,646 0 0 0 0 income 2010 0 0 -93 0 8,395 0 21 8,323 December 31, 2010 9,000 13,757 48,120 13,482 8,395 -4,021 56 88,789 Net profit 2010 0 0 0 8,395 -8,395 0 0 0 Dividend payments 0 0 0 –3,721 0 0 0 –3,721 Allocation to revenue reserves Total comprehensive 0 0 4,138 -4,138 0 0 0 0 income 2011 0 0 -88 0 4,650 0 -77 4,485 December 31, 2011 9,000 13,757 52,170 14,018 4,650 -4,021 -21 89,553 77
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ANNUAL REPORT 2011 A.S. CRÉATION T
Page 3 and 4:
Foreword 8 Managing Board and Super
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
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: Equity and Liabilities Notes 31.12.
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 and 100: (34) Supervisory Board In FY 2011,
Page 101 and 102: on its website. The declaration of
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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