annual Report 2009 - STRATEC Biomedical AG

Report of the board of Management
Report of the supervisory board
THE share
Corporate Governance
Group Management report
Consolidated financial statements
Service
(18) Other current liabilities
Liabilities classified pursuant to IAS 39 as “Financial liabilities measured at amortized cost” (LMAC) are measured at
amortized cost. Liabilities not falling within the scope of IAS 39, such as sovereign liabilities or prepayments received are
measured at their nominal performance amounts or at the nominal amount of prepayments received.
These liabilities are structured as follows:
in v thousand IAS 39 categories 2009 2008
Wage and salary liabilities LMAC 1,675 907
Tax liabilities n.a. 647 283
Social security liabilities n.a. 148 100
Prepayments received on orders n.a. 10,919 5,685
Supervisory Board compensation LMAC 119 108
Other liabilities LMAC 162 222
Total 13,670 7,305
These liabilities have remaining terms of up to one year.
The wage and salary liabilities mainly consist of outstanding vacation (u 803 thousand; previous year: u 602 thousand),
employee working time credits (u 262 thousand; previous year: u 243 thousand) and profit participation (u 35 thousand:
u 62 thousand). Furthermore, this item also includes credit balances of u 575 thousand paid out by pension funds in the
year under report in connection with retirement pension commitments to one member of the Board of Management of
STRATEC AG (previous year: u 0 thousand).
Social security liabilities chiefly relate to social security contributions. The tax liabilities relate to employee payroll
settlement.
Prepayments received on orders involve the development projects reported as unfinished services in inventories.
Other liabilities mainly relate to outstanding invoices of u 51 thousand (previous year: u 127 thousand) and creditor debit
balances of u 70 thousand (previous year: u 70 thousand).
(19) Current provisions and current income tax liabilities
These items developed as follows:
in v thousand 01.01.2009
Currency
differences
Additions due
to company
acquisition Utilized Reversed Added 12.31.2009
Guarantees
and warranties 588 1 0 486 0 515 618
Accounting and
year-end expenses 249 0 6 229 0 279 305
Miscellaneous 55 8 258 36 5 98 378
Total 2 9 264 751 5 892 1,301
stratec Annual Report 2009
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