ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 104 2011 2010 € ’000 € ’000 Expected income tax expenses 2,250 3,793 Tax rate differentials to the overall German tax rate 50 71 Income from reimbursement of corporate income tax credit -76 -85 Taxes unrelated to the accounting period 166 -2 Change in valuation allowances for deferred taxes 0 -41 Non-deductible expenses 187 154 Non-taxable income -67 -86 Results from investments accounted for at equity 70 27 Other tax effects 95 126 Effective income tax expenses 2,675 3,957 Effective income tax rate 36.52% 32.03% (25) Earnings per share Earnings per share are calculated as follows: 2011 2010 Number of shares outstanding (weighted average) shares 2,756,351 2,756,351 Net profit € 4,649,896 8,394,856 Earnings per share €/share 1.69 3.05 Given that no stock options or similar equity instruments exist that may lead to a change in the number of shares (so-called "capital dilution"), earnings per share represent both basic and diluted earnings per share.
Complementary information (26) Cash flow statement Cash flow from operating activities includes the following payments: 2011 2010 € ’000 € ’000 Interest received 65 77 Interest paid 1,397 1,433 Income tax paid 5,443 3,347 Dividends received 0 0 Interest paid primarily relates to investment financing. The changes in financial liabilities shown under cash flow from financing activities are composed as follows: 2011 2010 € ’000 € ’000 Raising of financial liabilities (excl. financial lease) 8,200 0 Raising of liabilities under financial lease contracts 0 0 Repayment of financial liabilities (excl. financial lease) -3,005 -2,925 Repayment of liabilities under financial lease contracts –439 –1,659 4,756 -4,584 (27) Segment reporting According to IFRS 8, segment reporting must reflect the Group's internal organisational and reporting structures. Based on A.S. Création's products and services, the corporate structure comprises two segments, i.e. the Wallpaper Division and the Furnishing Fabrics Division. Prices charged for intragroup deliveries and services are set in line with general market prices. CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS 105
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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
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 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: (21) Depreciation A breakdown of de
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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