100 % FUTURE - ALNO

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The slight increase in intangible assets results primarily from additions arising from the purchase of
customer bases from foreign subsidiaries.
The decline in property, plant and equipment is due to lower investment volumes compared with
depreciation, and sales of land and buildings in the year under review.
The fall in financial assets arises from the EUR 2.8 million impairment loss applied to the carrying
amount of the participating interest in ALNO International GmbH.
The slight fall in inventories is attributable to the lower level of business activities, and to the working
capital measures that were implemented.
Receivables and other assets were up by EUR 2.1 million, primarily due to higher VAT receivables.
The equity ratio increased from 18.7 % to 19.7 % year-on-year. There was a EUR 0.3 million increase
in equity to EUR 31.3 million. The EUR 14.6 million net loss for the year is offset by a EUR 10.0
million capital increase, and a EUR 4.9 million waiver by a shareholder of a mezzanine loan.
Provisions increased by EUR 2.9 million to EUR 13.1 million, which is predominantly attributable
to the revaluation of the pension provision and other provisions as part of the German Accounting
Law Modernization Act (BilMoG).
The fall in liabilities is mainly due to lower bank borrowings due to the banking waiver.