ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 94 The table below shows the maturity structure of the receivables for which no itemised allowances were established as of the balance sheet date: Trade thereof without itemised allowances and receivables not past due past due bet- past due bet- past due past due within ween 91 and ween 181 and in more than 90 days 180 days 360 days 360 days ¤ '000 ¤ '000 ¤ '000 ¤ '000 ¤ '000 ¤ '000 As of Dec 31, 2010 35,715 29,599 4,633 368 151 109 As of Dec 31, 2011 33,975 30,380 3,136 218 33 2 (10) Cash and cash equivalents Cash and cash equivalents break down as follows: 31.12.11 31.12.10 € '000 € '000 Cash in banks 1,828 9,749 Cash on hand, cheques and bills of exchange 530 1,043 2,358 10,792 Cash in banks include short-term funds with a term of up to three months. (11) Equity For the composition of equity, please refer to the statement of changes in equity. As of December 31, 2011, the share capital amounted to € 9,000,000.00, divided into 3,000,000 no par value shares. According to Article 4 paragraph 3 of the current statutes of A.S. Création Tapeten AG (as amended on May 5, 2011), the Managing Board is authorised, subject to the approval of the Supervisory Board, to increase the capital stock by up to € 4.500 million (so called authorised capital) until May 4, 2016 through the issue of new shares against a contribution in kind or in cash. Shareholders’ subscription rights may be excluded in certain cases. Given that no use has been made of this authorisation so far, the authorised capital amounted to € 4.500 million on December 31, 2011.
As in the previous year, capital reserves include € 13.752 million in premiums from the issue of shares of A.S. Création Tapeten AG and, in accordance with IAS 32, an equity share of € 0.005 million from the purchase and sale of own shares. Revenue reserves include inappropriate profi ts of the Group companies as well as changes in equity not affecting income. According to a resolution passed by the General Meeting of Shareholders dated May 7, 2010, the Managing Board is authorised to acquire own shares up to a par value of € 0.900 million (which represents a maximum of 10% of the share capital) until May 6, 2015. The Managing Board is also authorised to cancel the shares acquired, to resell them, or to use the shares acquired for company acquisitions or equity investments. Based on previous authorisations granted between 1999 and 2008, A.S. Création Tapeten AG repurchased 243,649 own shares. Since then, no sales or purchases have occurred, which means that A.S. Création Tapeten AG held 243,649 own shares in a nominal amount of € 0.731 million or 8.12% of the share capital as of the balance sheet date. An offsetting item in the amount of the cost of acquisition of own shares was established, which remained unchanged from the previous year at € 4.021 million. A dividend of € 0.75 per share, which translates into a total profi t distribution of € 2.067 million, will be proposed for the fi scal year 2011. A dividend of € 1.35 per share was paid out for the previous fi scal year, resulting in a total distribution of € 3.721 million. Under IFRS, some items are not recognised as income and expenses in the income statement but are recognised directly in equity. These changes in equity, which are included in revenue reserves and the currency translation differences, are shown in the table below: Financial Deferred Foreign currency translation Total derivative taxes differences from fully companies consolidated accounted for companies at equity ¤ '000 ¤ '000 ¤ '000 ¤ '000 ¤ '000 As of Dec 31, 2009 –463 142 70 –35 –286 Changes recognized directly in equity 2010 –134 41 15 6 –72 As of Dec 31, 2010 –597 183 85 –29 –358 Changes recognized directly in equity 2011 –127 39 21 –98 –165 As of Dec 31, 2011 –724 222 106 –127 –523 CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 95
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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
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 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: (8) Inventories Inventories compris
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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