QIAGEN N.V. Annual Report 2001

STATEMENTS OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2001
(Currency – Thousands of US Dollars)
INCOME/(LOSS) AFTER TAXES
INCOME FROM SUBSIDIARIES
Net income
2001
(USD)
(130)
32,684
32,554
2000
(USD)
307
20,186
20,493
NOTES TO FINANCIAL STATEMENTS
AT DECEMBER 31, 2001
(Currency – Thousands of US Dollars)
57
1. GENERAL
The company was incorporated on April 29, 1996 and has its legal seat in Venlo. The description of the company’s
activities and the group structure, as included in the notes to the consolidated financial statements, also apply to the
company-only financial statements. The consolidated financial statements are included in this annual report. The
consolidated financial statements are prepared in accordance with US generally accepted accounting principles,
which for the group in certain respects differs significantly from Dutch Generally Accepted Accounting Principles. The
reconciliation of shareholders’ equity and net income under United States Generally Accepted Accounting Principles
and Dutch Generally Accepted Accounting Principles is described in note 10.
In 2000 and 2001, the company entered into business combinations with Operon Technologies Inc. and the Sawady
Group respectively (see the notes to the consolidated financial statements for more information). Management decided
to account these business combinations as a pooling of interests in both the US GAAP financial statements and Dutch
GAAP financial statements. As a consequence, prior period equity and investments have been restated to include
these investments.
This report serves as statutory reporting for the company in order to comply with Dutch financial reporting
requirements.
2. ACCOUNTING PRINCIPLES
a) General
The accounting principles as described in the notes to the consolidated financial statements also apply to the companyonly
financial statements, unless indicated otherwise.
In accordance with article 402 Book 2 of the Netherlands Code the statement of income is presented in abbreviated
form.
b) Financial fixed assets
The investments in subsidiary companies are stated at the net asset value of the subsidiaries if influence of significance
can be exercised over the subsidiaries’ operational and financial activities. The net asset value is determined on the
basis of the accounting principles as applied by the company.
The other investments are stated at acquisition cost or, in case of a permanent impairment of the value of the
investments, at lower net realizable value.
Loans receivable are stated at face value.