Interim Report as at 30th June 2006 - aleo-solar.com

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➔ Consolidated Balance Sheet at 30 Juni 2006 Assets in € ’000 30 June 2006 31 Dec. 2005 30 June 2005 Equity and debts in € ’000 30 June 2006 31 Dec. 2005 30 June 2005 A. Long-term assets 1. Fixed assets 15,010 15,213 8,060 2. Intangible assets 58 52 54 3. Financial assets 3,563 0 0 B. Short-term assets 18,631 15,265 8,114 1. Inventories 22,712 14,355 11,014 2. Trade receivables 7,513 4,106 5,364 3. Current earnings tax entitlement 207 101 0 4. Other short-term assets and advance payments 11,250 1,724 9,738 5. Cash and cash equivalents 1,159 630 590 42,841 20,916 26,706 A. Equity 1. Subscribed capital 10,180 2,545 2,545 2. Capital reserve -251 208 208 3. Revenue reserves 3,345 2,500 2,500 4. Result brought forward -2,049 1,095 1,096 5. Consolidated result 3,686 9,335 4,791 14,911 15,683 11,140 B. Long-term debts and deferrals 1. Deferrals from public sector grants 6,361 6,823 5,150 2. Financial debts 2,218 2,462 2,306 3. Deferred taxes 332 266 200 4. Warranty provision 712 578 627 9,623 10,129 8,283 C. Short-term debts 1. Financial debts 23,845 489 3,073 2. Trade payables and other liabilities 11,011 3,667 7,502 3. Current earnings tax liabilities 2,082 6,213 4,822 36,938 10,369 15,397 61,472 36,181 34,820 61,472 36,181 34,820 12 13
➔ Consolidated Profit ➔ Consolidated Cash Flow and Loss Statement Statement for 1 January to 30 June 2006 for the first half of 2006 in € ’000 1 January to 30 June 2006 1 April to 30 June 2006 1 January to 30 June 2005 1 April to 30 June 2005 1. Sales revenues 55,663 29,949 47,621 26,325 2. Increase in stocks of finished products 8,902 2,144 524 351 3. Other income 816 382 869 577 4. Cost of materials -52,262 -26,188 -36,665 -20,306 5. Personnel expenses -3,100 -1,618 -2,055 -1,071 6. Other expenses -2,926 -1,482 -1,744 -1,012 7. EBITDA 7,093 3,187 8,550 4,864 8. Expenditure on scheduled depreciation -961 -490 -686 -348 9. EBIT 6,132 2,697 7,864 4,516 10. Financial income 3 2 9 5 11. Financial expenditure -296 -204 -107 -66 12. Earnings before taxes 5,839 2,495 7,766 4,455 13. Taxes on earnings -2,153 -883 -2,975 -1,699 14. Consolidated result 3,686 1,612 4,791 2,756 Earnings per share for the reporting period to which shareholders are entitled (in euros per share) Undiluted earnings per share of nominal capital 0.36 0.16 0.47 0.27 in € ’000 30 June 2006 30 June 2005 I. Cash flow from ordinary business activity Consolidated result for the year after earnings taxes and interest 3,686 4,791 Earnings taxes 2,153 2,975 Expenditure on scheduled depreciation 961 686 Change in long-term provisions 134 -9 Loss / -Profit from disposals of long-term assets -12 1 Interest income -3 -9 Interest expenditure 296 107 Expenditure / -Income without effect on payments -462 601 Change in trade receivables and other short-term assets -4,294 -9,984 Change in inventories -17,655 -4,037 Change in trade payables and other short-term liabilities 6,726 3,317 = Cash flow from business activity -8,470 -1,561 Interest paid -245 -82 Interest received 3 9 Earnings taxes paid -6,059 -442 = Net cash flow from ordinary business activity -14,771 -2,076 II. Cash flow from investment activity Acquisition of fixed assets -1,478 -272 Proceeds from the sale of fixed assets 70 1 Acquisition of intangible assets -19 -11 Acquisition of financial assets -3,563 0 Payments received in public sector grants 1,178 1,852 = Net cash flow from investment activity -3,812 1,570 III. Cash flow from financing activity 1 Financial debts incurred 22,649 1,440 Repayment of financial debts -244 -195 Dividend paid to shareholders -4,000 -2,000 = Net cash flow from financing activity 18,405 -755 Net changes in cash and cash equivalents (I to III) -178 -1,261 Cash and cash equivalents held at the beginning of the financial year 630 727 Cash and cash equivalents held at the end of the quarter 452 -534 Current account loans 707 1,124 Cash in the balance sheet 1,159 590 1 Money owed to banks on current account is shown under Financial Funds in the Cash Flow Statement. 14 15
Page 1 and 2: 2006 First-Half Report aleo solar A
Page 3 and 4: ➔ Foreword Dear Sirs, aleo solar
Page 5 and 6: ➔ Business Development Course of
Page 7: ➔ Business Development ➔ Consol
Page 11 and 12: ➔ Notes to the Consolidated Finan
Page 13 and 14: ➔ Notes to the Consolidated Finan

Interim Report as at 30th June 2006 - aleo-solar.com

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