100 % FUTURE - ALNO

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13. SHAREHOLDER LOANS
During the fiscal year, there were financial liabilities of EUR 365 thousand (previous year: EUR 5,375
thousand), which were granted by shareholders of ALNO AG.
14. OTHER FINANCIAL LIABILITIES
In EUR thousand
31/12/2010
Total
Residual term
Up to one year 1 to 5 years More than 5 years
Liabilities to banks 80,798 67,741 7,378 5,679
Miscellaneous financial liabilities 5,389 5,389 0 0
Total 86,187 73,130 7,378 5,679
In EUR thousand
31/12/2009
Total
Total
Residual term
Up to one year 1 to 5 years More than 5 years
Liabilities to banks 94,456 80,327 7,808 6,321
Derivative financial instruments 1,015 1,015 0 0
Miscellaneous financial liabilities 6,045 6,045 0 0
Total 101,516 87,387 7,808 6,321
Apart from loans that are regularly prolonged under master agreement with banks, there are loans
on which monthly, quarterly, semi-annual or annual repayments are made.
Some of the loan agreements carry variable rates of interest, and some carry fixed rates of interest.
The interest rates vary mainly between 4.3 % p.a. and 9.0 % p.a. (previous year: between 4.5 %
p.a. and 9.5 % p.a.).
Liabilities to banks include foreign-currency loans amounting to GBP 792 thousand (previous year:
GBP 634 thousand) and CHF 1,600 thousand (previous year: CHF 1,925 thousand).
The miscellaneous financial liabilities essentially result from supplier factoring.
Covenants were agreed for one subsidiary’s loan. These relate to the equity ratio, and the upper
limit for calculated Group cost transfers. The agreed covenants had not been breached as of the
balance sheet date.
The liabilities to banks are secured by mortgages and assignment of entitlements to the restitution
of free portions of mortgages, and by the assignment of machines and technical plant as security.
Furthermore, the liabilities to banks are secured by the assignment of receivables and claims from the
supply of goods and services to customers, and from central claims settling agencies, by the pledging
of non-capitalized brand name rights, the assignment of stocks of goods, as well as the pledging of the
limited partnership interests in Gustav Wellmann GmbH & Co. KG, Enger, and the shares in Casawell
Service GmbH, Enger, Impuls Küchen GmbH, Brilon, and pino Küchen GmbH, Coswig (Anhalt).
As of the balance sheet date, the assets provided as collateral were reported in the consolidated
balance sheet with the following carrying amounts:
In EUR thousand 31/12/2010 31/12/2009
Land and buildings 45,486 47,861
Technical plant and machinery 6,002 4,907
Inventories 14,184 14,349
Trade accounts receivable 14,408 26,996