100 % FUTURE - ALNO

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There was a significant, EUR 19.4 million, year-on-year improvement in the financial result. This
increase in financial income resulted mainly from the earnings-effective reporting of the “Banks’ Loan
Waiver (Part)” of EUR 10.0 million pursuant to the Restructuring Agreement of April 23, 2010, since
the company was successful in implementing the suspensive conditions arising from this restructuring
agreement for this portion of the banking waiver. The marked decline in interest expenses is attributable
to lower interest charges negotiated as part of this restructuring agreement. This item was also
affected in the previous year by interest payments arising from several shareholder loans, expenses
arising from the planned capital increase that was finally postponed, and expenses arising from
derivative financial instruments. Impairment losses of EUR 2.8 million will also apply to participating
interests in associated companies (previously: EUR 7.6 million). There was a EUR 3.7 million improvement
in the net balance of income and expenses arising from profit-and-loss transfer agreements.
The extraordinary result deteriorated by EUR 10.9 million year-on-year, which is attributable to workforce
reduction expenses of EUR 7.5 million at the Pfullendorf site, consultancy costs of EUR 0.7
million connected with the restructuring, and EUR 0.2 million of expenses incurred as part of the
liquidation of subsidiaries. In addition, the transition to the German Accounting Law Modernization
Act (“BilMoG”) as of January 1, 2010 resulted in an extremely charge of EUR 3.2 million.
ALNO AG’s single-entity balance sheet (HGB) as of December 31, 2010
In EUR thousand 31/12/2010 31/12/2009
ASSETS
Non-current assets
Intangible assets 5,638 5,516
Property, plant and equipment 15,373 19,305
Non-current financial assets 105,482 108,282
126,493 133,103
Current assets
Inventories 9,104 9,882
Receivables and other assets 22,547 20,447
Securities 0 2,008
Cash in hand and bank balances 116 2
31,767 32,339
Prepayments and accrued income 498 391
Assets-side differential amount 154 0
158,912 165,833
EQUITY AND LIABILITIES
Equity
Subscribed capital 45,231 41,242
Capital reserve 42,437 36,544
Accumulated deficit – 56,389 – 46,675
31,279 30,993
Provisions 30,118 27,239
Liabilities 97,515 107,601
158,912 165,833