Consolidated Financial Statements of the Stadtwerke Leipzig Group ...

[4] Prepaid expenses
Prepaid expenses include a debt discount of
€406k. It is released with effect on expenses during
the terms of the respective loans, i.e. five or
eight years.
[5] Equity
The subscribed capital totalled €22,000k on the
balance sheet date. LVV held 100% of the shares.
The change in the Capital reserve was the result
of real estate additions pursuant to the allocation
plan procedure.
The profit on ordinary activities amounting to
€60,306k is transferred in full to LVV on the basis
of a profit/loss transfer agreement. In the year
under review there was an advance transfer of
€36,000k of profits towards the 2009 result. The
remaining amount of €24,306k is posted under
Amounts owed to affiliated companies for the
year ended 31 December 2009.
[6] Special items
On 31 December 2009, €1,724k of the Special
item with partial reserve character was released
to income according to the regular schedule pursuant
to section 4 of the Development Area Act
(FördGG); €10k was released as a result of fixed
asset retirement.
The planned amount of the Special item for fixed
assets (€936k) was released to income.
The Special item for building cost subsidies
included subsidies for connection costs amounting
to €48,294k (in 2008: €51,955k). The planned
amount of the Special item (€5,375k) was released
to income in the year under review. There
was also a fixed asset retirement amounting to
€10k. The additions amounted to €1,725k in the
financial year.
48 | Annual Financial Statements of Stadtwerke Leipzig GmbH