Annual Report 2006/2007 KGaA/Group - BVB Aktie - Borussia ...

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Borussia Dortmund GmbH & Co. KGaA Within Borussia Dortmund GmbH & Co. KGaA, there are four independent areas of responsibility below the management, namely, communications, sports, finance and organisation. The responsible employees and the divisions for which they are responsible can be seen from the following chart. BORUSSIA DORTMUND GmbH & Co. KGaA Management Hans-Joachim Watzke [Chairman] Management Thomas Treß Communications Sport Finance Organisation J. Schneck M. Zorc M. Knipping Dr. C. Hockenjos Corporate communications Professional football Finances and accounting General organisation Sport communications Amateurs Controlling Stadium management Publications Youth Investor Relations Match organisation Fan support Training fields IT (Information Technology) V.I.P. – Hospitality Stadium announcements and program Personnel Sportfive (sponsors) PR work Risk Management Events Complaints management Merchandising DFB/DFL Affiliates Ticketing Sportfive (Commission processing) Real estate Third party events 11 th Round 7 November 2006 BVB 0:0 Aachen 12 th Round 10 November 2006 Werder Bremen 1:3 BVB 50 It was not Dede's fault that Borussia did no better than 0:0 against Alemannia (tackle with Ebbers). Sahin – here against Schulz – had a strong match on the Weser and set up the first two goals.
MANAGEMENT REPORT INTERNAL MANAGEMENT SYSTEM Sports management The great challenge for the future will be to play football successfully with a cost-optimised budget. In order to achieve this aim, BVB will continue to try to present a strong, competitive team in the future and, in this respect, will back young players with potential, who will create a healthy mixture with the seasoned players. This will create a realistic chance of qualifying for international competitions. The sporting objectives will be aligned with financial circumstances. This means that the salary budget will generally be tied to realistic sporting objectives and that the target for the sporting management with Mr. Watzke, Mr. Zorc and the coach will be to lead BVB into an international competition again in the next few years. This would increase the financial flexibility for acquiring new players, although no unknown risks will be taken. There will be no new debt in order to strengthen the team. Financial management One of the main aims of BVB's management is to increase profitability in the long-term and thus to further improve Borussia Dortmund GmbH & Co. KGaA's equity resources. In addition, there is a focus on financial strength. As well as a constant improvement in the operating result, generating positive cash flow is therefore the most important financial objective of our Company. We are seeking to optimise cash flow by concentrating on the impacting factors of “operating results” and “investments”. The operating result is the most important indicator for measuring success. For us, the operating result means earnings before interest and taxes (EBIT). Therefore we are constantly monitoring the operating results in all lines of business and areas of responsibility based on monthly comparisons between the budget and the actual situation. The most important drivers for the operating result are further improvement in sales revenues in the major revenue sources of ticketing, sponsorship, TV marketing and merchandising, and disciplined management of operating expenses. In coming years we will concentrate on achieving the best possible balance between limiting operating expenditure and, at the same time, generating sales growth. In this respect, the decisive factor is qualifying for international competitions. Capital management In addition to securing the KGaA's equity as determined in accordance with HGB, the management's capital management responsibilities also include stabilising and increasing the consolidated equity as determined in accordance with IFRS. We will reach these targets, in particular, by improving the operating result and through effective investments. The utilisation of the authorised capital with a nominal amount of EUR 21.9 million resolved by the extraordinary General Shareholders' Meeting on 15 August 2006 represents an instrument enabling management to respond flexibly to future requirements for capital. The same applies to the ability to issue convertible bonds and bonds with warrants (conditional capital with a nominal amount of EUR 14.6 million). At the present time, however, the management has no specific plans to make use of these instruments. 13 th Round 18 November 2006 BVB 1:2 Hertha BSC Berlin 14 th Round 25 November 2006 Frankfurt 1:1 BVB Kringe kept trying to push the game forward. But here he was stopped by Samba. Tinga shoots, but his shot is blocked. Only in the 79 th minute did Smolarek (right) score for the final score of 1:1. 51
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Geschäftsbericht Juli 2006 - Juni
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GROUP MANAGEMENT REPORT The capital
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IMPRINT / FINANCIAL CALENDAR 2007/2
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SIGNAL IDUNA PARK - MORE THAN 90 MI
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Annual Report 2006/2007 KGaA/Group - BVB Aktie - Borussia ...

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