Annual report 2010 - Hapimag

CONSOLIDATED FINANCIAL STATEMENTS OF THE HAPIMAG GrouP AS AT 31.12.2010
Consolidated Statement of comprehensive income
in euR 1000 2010 2009
Consolidated result –7 826 2 028
Other comprehensive loss
foreign currency translation differences –12 426 –161
Total other comprehensive loss after tax –12 426 –161
Total comprehensive income/loss (–) –20 252 1 867
– Total comprehensive income attributable to minority shareholders 0 2
– Total comprehensive income/loss (–) attributable to Hapimag shareholders –20 252 1 865
CHANGES in consoliDateD EQuitY
in euR 1000
Share
capital
Own
shares
Capital
reserves
Currency
translation
reserve
Retained
earnings
Equity attributable
to Hhapimag
shareholders
Minority
interests
Total
equity
Balance at 1.1.2009 28 902 –26 991 381 522 –18 050 –451 364 932 42 364 974
Consolidated result 2 026 2 026 2 2 028
other comprehensive
loss –161 –161 –161
Total comprehensive
income/loss (–) –161 2 026 1 865 2 1 867
own shares sold 11 570 3 188 14 758 14 758
transferred shares
repurchased –10 203 –10 203 –10 203
Repurchase of loans
from shareholders 3 442 3 442 3 442
Balance at 31.12.2009 28 902 –25 624 388 152 –18 211 1 575 374 794 44 374 838
Balance at 1.1.2010 28 902 –25 624 388 152 –18 211 1 575 374 794 44 374 838
Consolidated result –7 826 –7 826 0 –7 826
other comprehensive
loss –12 426 –12 426 –12 426
Total comprehensive
loss –12 426 –7 826 –20 252 0 –20 252
own shares sold 11 768 2 998 14 766 14 766
transferred shares
repurchased –11 549 –11 549 –11 549
Repurchase of loans
from shareholders 4 151 4 151 4 151
Balance at 31.12.2010 28 902 –25 405 395 301 –30 637 –6 251 361 910 44 361 954
An overwhelming proportion of the Hapimag Group’s sales is generated with shareholders. Prices of services in Hapimag’s core business are based
on the principle of covering prime costs. The company has no plans to distribute reserves.
10 Hapimag Annual Report 2010