Download Annual Report 2003 - Mühlbauer Group
Download Annual Report 2003 - Mühlbauer Group
Download Annual Report 2003 - Mühlbauer Group
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Preface Security with a System The Share Management<br />
<strong>Report</strong><br />
Consolidated<br />
Financial<br />
Statements<br />
Independent<br />
Auditor’s<br />
<strong>Report</strong><br />
<strong>Report</strong> of the<br />
Supervisory Board<br />
Glossary<br />
CONSOLIDATED BALANCE SHEETS (US-GAAP) AS AT DEC. 31, <strong>2003</strong><br />
OF MUEHLBAUER HOLDING AG & CO. KGAA<br />
Assets<br />
31.12.03 31.12.02<br />
Notes TEUR TEUR<br />
Current assets<br />
Cash and cash equivalents 12,597 13,110<br />
Marketable securities (9) 3,498 2,261<br />
Trade accounts receivables, net (10) 20,348 19,161<br />
Inventories (11) 34,227 43,345<br />
Deferred income taxes (8) 201 804<br />
Prepaid expenses 165 176<br />
Other current assets (12) 1,382 978<br />
72,418 79,835<br />
Investment and long-term financial assets<br />
Marketable securities (9) 9,241 7,383<br />
9,241 7,383<br />
Fixed assets<br />
Land(13) 1,586 1,581<br />
Buildings, net (13) 28,409 30,044<br />
Technical and other equipment, net (13) 11,298 9,539<br />
Buildings and equipment in progress (13) 40 25<br />
41,333 41,189<br />
Intangible assets<br />
Goodwill (14) 468 468<br />
Software und licenses (14) 409 557<br />
877 1,025<br />
Other fixed assets (15) 1,687 0<br />
1,687 0<br />
125,556 129,432<br />
Liabilities and Shareholders' Equity<br />
Current liabilities<br />
Short-term debt (17) 986 1,010<br />
Trade accounts payables 4,751 7,038<br />
Downpayments received on orders 329 1,604<br />
Shareholders' loans 39 40<br />
Other current liabilities (18) 4,959 5,312<br />
Accrued income taxes (8) 2,135 760<br />
Other accruals (19) 4,525 4,490<br />
17,724 20,254<br />
Long-term liabilities<br />
Convertible bonds 0 37<br />
Long-term debt (20) 1,913 3,001<br />
Investment grants received(21) 5,993 5,832<br />
Deferred income tax (8) 1,274 1,681<br />
Postretirement and postemployment benefit liabilities (22) 718 374<br />
9,898 10,925<br />
Shareholders' Equity<br />
Ordinary share capital<br />
(par value 1.28 EUR; 6,380,000 ordinary shares authorized;<br />
6,279,200 ordinary shares issued;<br />
(thereof 6,075,435 ordinary shares outstanding) (24) 8,038 8,038<br />
Own shares (24), (26) (261) (219)<br />
Fixed capital contributions (24) (2,980) (2,980)<br />
Additional paid-in capital (24) 57,901 58,351<br />
Retained earnings 34,204 34,907<br />
Other comprehensive income (25) 1,032 156<br />
97,934 98,253<br />
125,556 129,432<br />
The accompanying notes are an integral part of these Consolidated Financial Statements.<br />
35
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