Close Brothers Seydler Research AG - BVB Aktie - Borussia Dortmund

Borussia Dortmund GmbH & CO KGaA
Balance Sheet
IFRS EURm 09/10 10/11 11/12 12/13E 13/14E 14/15E
Assets
Non-current assets 204.57 196.62 210.40 222.62 229.43 220.59
as % of total assets 95.1% 88.7% 84.6% 73.7% 72.6% 65.4%
Intagible assets 20.36 18.43 25.75 33.42 39.10 32.26
Property, plant and equipment 174.19 170.74 182.60 187.07 188.16 186.12
Financial assets 0.97 1.43 0.35 0.35 0.35 0.35
Income tax claims 6.63 4.92 1.67 1.75 1.77 1.81
Other assets 0.00 0.13 0.03 0.03 0.05 0.05
Other long-term receivables 2.43 0.97 0.00 0.00 0.00 0.00
Current assets 10.59 25.11 38.30 79.50 86.72 116.59
as % of total assets 4.9% 11.3% 15.4% 26.3% 27.4% 34.6%
Inventories 1.79 2.33 5.81 8.68 7.21 7.63
Accounts receivable, other receivables
and other assets
7.70 21.70 27.22 38.37 39.02 41.44
Cash and cash equivalents 1.10 1.09 5.27 32.45 40.49 67.52
Total assets 215.16 221.73 248.71 302.12 316.14 337.18
Shareholders´ equity and liabilities
Shareholders´ equity 62.03 67.63 93.46 140.65 159.44 178.90
as % of total equity and liabilities 28.8% 30.5% 37.6% 46.6% 50.4% 53.1%
Subscribed capital 61.43 61.43 61.43 61.43 61.43 61.43
Capital reserve and others 0.45 6.00 31.81 78.79 97.33 116.49
Own shares -0.14 -0.13 -0.12 -0.12 -0.12 -0.12
Equity attributable to shareholders 61.74 67.30 93.11 140.09 158.64 177.79
Minorities 0.28 0.33 0.35 0.56 0.81 1.11
Current provisions and liabilities 70.42 63.37 61.95 68.17 66.18 66.57
as % of total equity and liabilities 32.7% 28.6% 24.9% 22.6% 20.9% 19.7%
Financial lease 0.29 0.53 1.28 1.28 1.41 1.41
Financial liabilities 15.83 13.21 5.97 5.97 5.97 4.78
Current provisions 36.08 19.68 19.22 19.22 19.41 19.80
Accounts payable 6.46 10.53 9.64 15.86 13.16 13.94
Current income tax liabilities 1.13 3.15 3.83 3.83 4.21 4.63
Other current liabilities 10.63 16.27 22.01 22.01 22.01 22.01
Non-current provisions and liabilities 82.72 90.74 93.31 93.31 90.52 91.72
as % of total equity and liabilities 38.4% 40.9% 37.5% 30.9% 28.6% 27.2%
Financial liabilities 58.55 47.90 41.27 41.27 37.14 38.63
Financial lease 6.62 9.44 21.15 21.15 22.21 22.21
Deferred tax liabilities 1.83 0.00 0.00 0.00 0.00 0.00
Other payables and liabilities 15.72 33.39 30.89 30.89 31.18 30.89
Total equity and liabilities 215.16 221.73 248.71 302.12 316.14 337.18
Source: Borussia Dortmund GmbH & Co. KGaA, CBS Research AG
www.cbseydlerresearch.ag Close Brothers Seydler Research AG | 52