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noteS TO THE CONSolidated FINANCIAL StatementS
conSolidated FINANCIAL StatementS FOR THE Year ENDED 31 DECEMBER 2011
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(31) NON-current FINANCIAL ASSetS
Non-current financial assets are comprised of the following:
EUR thousand 31 Dec 2011 31 Dec 2010
Loans 4,970 1,581
Securities 1,068 1,093
Other interests 0 1
Derivative financial instruments 11 119
Total 6,049 2,794
Securities comprise shares in investment funds and bonds.
(32) OTHER NON-current ASSetS
Other non-current assets are the following:
EUR thousand 31 Dec 2011 31 Dec 2010
Employer’s pension liability insurance contributions 1,895 2,221
Deferred expenses 3 3
Miscellaneous other non-current assets 19 18
Total 1,917 2,242
Employer’s pension liability insurance contributions pertain to repurchase rights for life insurance policies which
do not meet the criteria for being offset against pension provisions in accordance with IAS 19.
(33) INVENTORIES
Inventories are shown below:
EUR thousand 31 Dec 2011 31 Dec 2010
Materials and production supplies 76,839 62,645
Work in progress 58,851 42,760
Finished goods and goods for resale 62,092 53,607
Prepayments 796 742
Total 198,578 159,754
EUR 2,115 thousand (previous year: EUR 1,126 thousand) in inventories were valued at net realizable value.
In the 2011 financial year, a reversal of an impairment in inventories of EUR 478 thousand (previous year:
EUR 1,968 thousand) was made and recognized as cost of material.
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palfinger Annual Report 2011