Annual Report 2012 - ORCO Germany

ORCO GERMANY S.A.
Société Anonyme
R.C.S. Luxembourg B 102.254
BALANCE SHEET
December31, 2012
A S S E T S 2012 2011
EUR
EUR
FIXED ASSETS 121,361,842 159,649,428
Tangible assets (note 3)
Land and buildings - 5,759,606
Financial assets (note 4)
Shares in affiliated undertakings 74,831,816 77,147,758
Loans to affiliated undertakings 45,491,574 76,742,064
Loans to participating interest 1,038,452 -
CURRENT ASSETS 12,137,342 11,324,785
Stocks 11,347 10,841
Debtors (becoming due and payable after less than one year)
Trade debtors 21,195 49,567
Amounts owed by affiliated undertakings (note 4.3) 10,239,911 9,082,373
Other debtors 324,782 361,811
Other investments 59,081 28,080
Cash at bank and in hand 1,481,026 1,792,113
PREPAYMENTS AND ACCRUED INCOME 10,000 175,303
TOTAL ASSETS 133,509,184 171,149,516
L I A B I L I T I E S
CAPITAL AND RESERVES (note 5) 75,023,825 (10,811,855)
Subscribed capital 20,202,746 60,964,166
Share premium and similar premiums 217,450,357 123,657,605
Other reserves
Loss brought forward
56,087,033
(195,433,625)
-
(191,940,347)
Loss for the financial year (23,282,686) (3,493,279)
PROVISIONS - 824,203
Other provisions - 824,203
NON SUBORDINATED DEBTS 58,485,359 181,137,168
Debenture loans – Convertible loans (note 6)
Becoming due and payable after less than one year 20,010,703 127,451,544
Amounts owed to credit institutions (note 7.1)
Becoming due and payable after less than one year - 4,990,000
Trade creditors (due and payable within one year) 301,063 808,717
Amounts owed to affiliated undertakings (note 7.2)
Becoming due and payable after less than one year 2,532,381 1,804,568
Becoming due and payable after more than one year 35,216,041 45,159,251
Tax and social security (due and payable within one year) 70,000 43,009
Other creditors (due and payable within one year) 355,173 880,079
TOTAL LIABILITIES 133,509,184 171,149,516
The accompanying notes form an integral part of these annual accounts.
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