100 % FUTURE - ALNO

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120 10. EQUITY a. Subscribed capital As of December 31, 2010, the subscribed capital amounts to EUR 45,231 thousand, and is split into 17,396,653 ordinary shares. The shares are issued as bearer shares, and are fully paid in. Each ordinary share has a notional share in the subscribed capital of EUR 2.60. In EUR thousand Balance at January 1, 2009 41,124 Changes 2009 0 Balance at December 31, 2009 41,124 Changes 2010 4,107 Balance at December 31, 2010 45,231 On April 9, 2010, the Managing Board, with the assent of the Supervisory Board, passed a resolution to increase the company’s issued share capital against cash as part of the capital measures approved by the Ordinary Shareholders’ General Meeting of ALNO AG on July 26, 2008. The company’s share capital of EUR 41,123,869.80 was increased to EUR 43,177,583.80 through issuing 789,890 ordinary shares. The new shares were issued at EUR 6.33 per share. IRE Beteiligungs GmbH subscribed for and acquired the new shares. The excess amount of the non-cash capital contribution of EUR 2,946,289.70 was added to the capital reserve, after which the capital reserve amounted to EUR 39,490,074.62. The capital increase was entered in the commercial register on March 30, 2010. On May 17, 2010, the Managing Board, with the assent of the Supervisory Board, passed a resolution to increase the company’s issued share capital against cash as part of the capital measures approved by the Ordinary Shareholders’ General Meeting of ALNO AG on July 26, 2008. The company’s share capital of EUR 43,177,583.80 was increased to EUR 45,231,297.80 through issuing 789,890 ordinary shares. The new shares were also issued at EUR 6.33 per share. IRE Beteiligungs GmbH, Stuttgart, subscribed for and acquired the new shares. The excess amount of the non-cash capital contribution of EUR 2,946,289.70 was added to the capital reserve, after which the capital reserve amounted to EUR 42,436,364.32. The capital increase was entered in the commercial register on June 16, 2010. On February 10, 2011, a resolution was passed by the Managing Board, with Supervisory Board assent, to resume the capital increase from authorized capital that had been postponed in November 2010. The capital increase was implemented on March 3, 2011 through issuing 8,698,326 ordinary shares each with a notional share in the share capital of EUR 2.60. The issue price was EUR 3.00. As a consequence, the share capital increased by EUR 22,615,647.60 to EUR 67,846,945.40. The excess amount of the non-cash capital contribution of EUR 3,479,330.40 was added to the capital reserve, after which the capital reserve amounted to EUR 45,915,694.72. The capital increase was entered in the commercial register on March 4, 2011. Below we present the respective current mandatory shareholder announcements pursuant to Section 21 (1) of the German Securities Trading Act (WpHG), and the proportionate voting rights on the date when the proportionate voting rights reached, exceeded or fell below the reporting thresholds pursuant to Section 21 (1) of the German Securities Trading Act (WpHG). The actual percentage of voting rights on the balance sheet date may differ as a result of acquisitions or sales that do not have a reporting requirement. On March 31, 2006, Mr. Alexander Nothdurft, Munich, notified us pursuant to Section 21 (1) Sentence 1 of the German Securities Trading Act (WpHG) that his percentage of voting rights in the ALNO AG fell below the threshold of 5 % on March 28, 2006, and amounted to 3.38 % as of this date. On March 31, 2006, Mr. Oliver Nothdurft, Munich, notified us pursuant to Section 21 (1) Sentence 1 of the German Securities Trading Act (WpHG) that his percentage of voting rights in the ALNO AG fell below the threshold of 5 % on March 28, 2006, and amounted to 3.24 % as of this date. The above announcements were published in the Frankfurter Allgemeine Zeitung on April 5, 2006.
121 On April 10, 2007, Küchen Holding GmbH, Munich, Germany, and Milano Investments S.à r.l., Luxembourg, Luxembourg, notified us pursuant to Section 21 (1) Sentence 1 of the German Securities Trading Act (WpHG) that their voting right share in ALNO AG had reached and exceeded the 75 % voting right threshold on March 26, 2007. Since that date, their voting right share in ALNO AG amounted to 75.27 %. Of the 75.27 % of the voting rights, 23.21 % are to be attributed to Küchen Holding GmbH pursuant to Section 22 (1) Sentence 1 Number 6 of the German Securities Trading Act (WpHG). Of the 75.27 % of the voting rights, 52.06 % are attributed to Milano Investments S.à r.l., Luxembourg, Luxembourg, pursuant to Section 22 (1) Sentence 1 Number 6 of the German Securities Trading Act (WpHG), and 23.21 % pursuant to Section 22 (1) Sentence 1 Number 6, Sentences 2 and 3 of the German Securities Trading Act (WpHG). The above announcement was published on April 14, 2007 in the Frankfurter Allgemeine Zeitung, and sent to Bloomberg Europe, Reuters, dpa, Redaktion dow jones and dpa afx. On October 22, 2009, Erste Private Investmentclub Börsebius Zentral (GbR), Cologne, Germany, exceeded the 5 % and 10 % voting right thresholds in ALNO AG, Pfullendorf, Germany. The voting right share of the Erste Private Investmentclub Börsebius Zentral (GbR), Cologne, Germany, amounted to 10.66 % as of this date. This corresponds to 1,686,636 voting rights. The above announcement was published on November 3, 2009 via the Deutsche Gesellschaft für Ad-hoc-Publizität (DGAP). On December 15, 2009, ABAG Aktienmarkt Beteiligungs AG, Cologne, Germany, with its voting right share in ALNO AG, Pfullendorf, Germany, exceeded the 3 %, 5 % and 10 % thresholds, and held 10.66 % as of this date. This corresponds to 1,686,636 shares. The above announcement was published on January 8, 2010 via the Deutsche Gesellschaft für Ad-hoc-Publizität (DGAP). Bauknecht Hausgeräte GmbH, Stuttgart, Germany, on behalf of and at the order of Whirlpool Greater China Inc., Benton Harbor, Michigan/USA, notified the following to us pursuant to Sections 21 (1), 22 (1), 22 (1) Sentence 1 Number 1, 24 of the German Securities Trading Act (WpHG), and for IRE Beteiligungs GmbH, Stuttgart, Germany, pursuant to Sections 24, 21 (1) of the German Securities Trading Act (WpHG): On December 15, 2009, IRE Beteiligungs GmbH with its voting right share in ALNO AG, Pfullendorf, Germany, fell below the 15 % threshold, and held 12.41 % as of this date. This corresponds to 1,962,844 shares. On December 15, 2009, Bauknecht Hausgeräte GmbH, Stuttgart, Germany, with its voting right share in ALNO AG, Pfullendorf, Germany, fell below the 15 % threshold, and held 12.41 % as of this date. This corresponds to 1,962,844 shares. These voting rights are attributable in their entirety to Bauknecht Hausgeräte GmbH pursuant to Section 22 (1) Sentence 1 Number 1 of the German Securities Trading Act (WpHG). The chain of controlled companies is called: IRE Beteiligungs GmbH. On December 15, 2009, Whirlpool Greater China Inc., Benton Harbor, Michigan, USA, with its voting right share in ALNO AG, Pfullendorf, Germany, fell below the 15 % threshold, and held 12.41 % as of this date. This corresponds to 1,962,844 shares. These voting rights are attributable in their entirety to Whirlpool Greater China Inc. pursuant to Section 22 (1) Sentence 1 Number 1 of the German Securities Trading Act (WpHG). The chain of controlled companies is called: Bauknecht Hausgeräte GmbH and IRE Beteiligungs GmbH. The above announcement was published on January 8, 2010 via the Deutsche Gesellschaft für Ad-hoc-Publizität (DGAP). On December 18, 2009, ABAG Aktienmarkt Beteiligungs AG, Cologne, Germany, notified as pursuant to Section 27a (1) of the German Securities Trading Act (WpHG) that its percentage of voting rights in ALNO AG, Pfullendorf, Germany, ISIN: DE000778840, had exceeded the threshold of 10 %, and amounted to 10.66 % as of this date. This investment serves to implement strategic objectives, particularly its positioning as a strategic investor. The party that is required to make notification does not intend to acquire further
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100 % FUTURE 2010 ANNUAL REPORT
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GROUP FINANCIAL FIGURES YEAR-ON-YEA
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3 100 % FUTURE — 2010 Annual Repo
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6 HISTORY 1960 1969 1927 1957 1958
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8 THE MANAGING BOARD The Managing B
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10 KEY ISSUES DISCUSSED IN PLENARY
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12 statements. Having concluded its
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14 THE ALNO SHARE ALNO (FRANKFURT)
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16 accrued to ALNO AG as a conseque
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19 1OO % FUTURE 20 ALNO brands 22 S
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21 ALNO ALNO is the Group‘s premi
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23 100 % Design - We embody a passi
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27 WHAT EVERYONE DREAMS OF Try and
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29 SE 100 % Lifestyle - Into the fu
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33 WE SHARE THE SAME VISION OF PEOP
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35 100 % Synergy - We have already
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37 WE HAVE TAKEN THE FIRST step tow
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39 1OO PERCENT EFFICIENCY ESPRIT- H
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42 GROUP MANAGEMENT REPORT OF ALNO
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44 II. GROUP STEERING The Group is
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46 IV. MARKET AND COMPETITIVE ENVIR
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48 V. PRODUCTS AND PRODUCTION The A
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50 A study that ALNO AG mandated in
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52 VIII. TARGETS AND STRATEGY The p
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54 IX. FINANCIAL POSITION AND RESUL
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56 Amortization of intangible asset
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58 Revenue volumes for ALNO AG fell
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60 the period under review with the
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62 There was a significant, EUR 19.
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64 B. REPORT ON EVENTS AFTER THE BA
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66 Production of ESPRIT home kitche
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68 c. REPORT ON OPPORTUNITIES AND R
Page 72 and 73: 70 Exchange rate risks Currency exc
Page 74 and 75: 72 invoicing process to be fully au
Page 76 and 77: 74 d. OTHER INFORMATION I. CORPORAT
Page 78 and 79: 76 RELEVANT INFORMATION ON CORPORAT
Page 80 and 81: 78 THE PRESIDENTIAL COMMITTEE CONSI
Page 82 and 83: 80 DIRECT OR INDIRECT INTERESTS IN
Page 84 and 85: 82 III. KEY CHARACTERISTICS OF THE
Page 87 and 88: 85 CONSOLIDATED FINANCIAL STATEMENT
Page 89 and 90: 87 CONSOLIDATED STATEMENT OF COMPRE
Page 91 and 92: 89 CONSOLIDATED CASH FLOW STATEMENT
Page 93 and 94: 91 NOTES TO THE CONSOLIDATED FINANC
Page 95 and 96: 93 2. AMENDMENTS TO ACCOUNTING METH
Page 97 and 98: 95 • Improvements to IFRSs 2010:
Page 99 and 100: 97 • IFRS 13 - Fair Value Measure
Page 101 and 102: 99 Exchange rate gains and losses a
Page 103 and 104: 101 Property, plant and equipment P
Page 105 and 106: 103 Overview of the cash generating
Page 107 and 108: 105 Securities and participating in
Page 109 and 110: 107 5. KEY DISCRETIONARY DECISIONS,
Page 111 and 112: 109 4. COST OF MATERIALS In EUR tho
Page 113 and 114: 111 8. AMORTIZATION OF INTANGIBLE A
Page 115 and 116: 113 Deferred taxes comprise the fol
Page 117 and 118: 115 D. NOTES TO THE CONSOLIDATED BA
Page 119 and 120: 117 3. FINANCIAL ASSETS As of Decem
Page 121: 119 8. OTHER CURRENT ASSETS In EUR
Page 125 and 126: 123 ABAG Aktienmarkt Beteiligungs A
Page 127 and 128: 125 According to the wording of the
Page 129 and 130: 127 c. Accumulated other comprehens
Page 131 and 132: 129 Apart from the interest expense
Page 133 and 134: 131 13. SHAREHOLDER LOANS During th
Page 135 and 136: 133 E. DISCONTINUED OPERATIONS In f
Page 137 and 138: 135 2009 By segment in EUR thousand
Page 139 and 140: 137 H. MANAGEMENT OF FINANCIAL RISK
Page 141 and 142: 139 Kitchens manufactured by the AL
Page 143 and 144: 141 Aggregated by measurement categ
Page 145 and 146: 143 J. RELATED PARTIES Insofar as t
Page 147 and 148: 145 Further mandates exercised by S
Page 149 and 150: 147 (previous year: EUR 209 thousan
Page 151 and 152: 149 The item relating to auditing s
Page 153 and 154: 151 to be nominated by Küchen Hold
Page 155 and 156: 153 P. DECLARATION OF CONFORMITY PU
Page 157 and 158: 155 Without qualifying this opinion
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100 % FUTURE - ALNO

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