palfinger at a glance
palfinger at a glance
palfinger at a glance
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noteS TO THE CONSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS<br />
conSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS FOR THE Year ENDED 31 DECEMBER 2011<br />
NOTES TO THE CONSolid<strong>at</strong>ed INCOME St<strong>at</strong>ement<br />
(47) REVENUE<br />
EUR thousand Jan–Dec 2011 Jan–Dec 2010<br />
European Union 540,622 419,220<br />
Rest of Europe 58,605 27,390<br />
North America 141,178 105,051<br />
Central and South America 51,218 51,009<br />
Far East 26,936 19,055<br />
Oceania 11,051 11,893<br />
Africa 8,620 7,799<br />
Middle and Near East 7,447 10,376<br />
Total 845,677 651,793<br />
The classific<strong>at</strong>ion by geographical area is governed by the customer’s registered office.<br />
EUR thousand Jan–Dec 2011 Jan–Dec 2010<br />
Revenue invoiced 832,352 634,590<br />
Revenue from contract manufacturing 13,325 17,203<br />
Total 845,677 651,793<br />
(48) CHANGES IN INVENTORIES AND OWN WORK CAPITALIZED<br />
EUR thousand Jan–Dec 2011 Jan–Dec 2010<br />
Changes in inventories 15,642 (3,329)<br />
Own work capitalized<br />
capitalized development expenses 4,726 3,596<br />
other own work capitalized 517 75<br />
Total 20,885 342<br />
Changes in inventories consist of changes in inventories of finished goods and work in progress compared to 2010.<br />
(49) OTHER OPERATING INCOME<br />
EUR thousand Jan–Dec 2011 Jan–Dec 2010<br />
Income from the disposal of intangible assets and<br />
property, plant and equipment 437 189<br />
Income from the reversal of impairment loss on<br />
intangible assets and property, plant and equipment 231 0<br />
Income from the reversal of provisions 0 3,309<br />
Income from charges for services 3,066 3,536<br />
Exchange r<strong>at</strong>e differences 1,895 2,368<br />
Government research grants 1,149 745<br />
Rental income 467 361<br />
Insurance income 191 862<br />
Miscellaneous other oper<strong>at</strong>ing income 2,912 2,897<br />
Total 10,348 14,267<br />
<strong>palfinger</strong> Annual Report 2011<br />
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