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 />
> search Print<br />
All (previous year: EUR 631 thousand) of the liabilities due to associ<strong>at</strong>ed companies of EUR 335 thousand<br />
(previous year: EUR 634 thousand) resulted from the provision of goods and services.<br />
The provisions regarding other rel<strong>at</strong>ed parties of EUR 21,049 thousand (previous year: EUR 19,087 thousand)<br />
primarily resulted from the portion of the purchase price for the acquisition of the Palfinger Marine Group th<strong>at</strong><br />
had not yet fallen due.<br />
OTHER LIABILITIES AND RISKS<br />
OPER<strong>at</strong>ing Leases<br />
Liabilities for the use of assets not recognized in the balance sheet (production facilities, fixtures, fittings and<br />
equipment) will presumably amount to EUR 2,357 thousand (previous year: EUR 2,118 thousand) for the 2012<br />
financial year and EUR 4,704 thousand (previous year: EUR 5,698 thousand) for the following four years.<br />
Finance LEASES<br />
The carrying amounts of property, plant and equipment leased under finance lease agreements amounted to<br />
EUR 10,739 thousand (previous year: EUR 10,772 thousand) as <strong>at</strong> the balance sheet d<strong>at</strong>e. The property, plant and<br />
equipment leased are buildings and equipment as well as a company aircraft. The carrying amounts of property,<br />
plant and equipment leased under finance lease agreements are shown below:<br />
EUR thousand 31 Dec 2011 31 Dec 2010<br />
Land and buildings 4,419 4,567<br />
Other plant, fixtures, fittings and equipment 6,320 6,205<br />
Total 10,739 10,772<br />
The pertaining lease liabilities are carried under non-current or current financial liabilities in accordance with<br />
their dur<strong>at</strong>ions.<br />
Minimum lease payments<br />
Present value of finance<br />
lease liabilities<br />
EUR thousand 31 Dec 2011 31 Dec 2010 31 Dec 2011 31 Dec 2010<br />
Up to one year 2,145 793 2,088 716<br />
Between one and five years 5,717 3,117 5,587 2,932<br />
More than five years 0 4,392 0 4,383<br />
Total 7,862 8,302 7,675 8,031<br />
Minus any future finance costs (187) (271)<br />
Present value of finance lease liabilities 7,675 8,031<br />
KEY EVENTS AFTER THE BALANCE Sheet DATE<br />
After the end of the 2011 financial year, there have been no m<strong>at</strong>erial post-reporting events th<strong>at</strong> would<br />
require disclosure.<br />
170<br />
<strong>palfinger</strong> Annual Report 2011
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