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132 Group Financial Statements Notes 24 Liabilities in € millions 12/31/2009 12/31/2008 Non-current Trade accounts payable 83 71 Other liabilities Current 590 754 Trade accounts payable 2,588 2,794 Liabilities to participations 32 22 Tax liabilities 170 131 Derivative fi nancial instruments 46 77 Social security liabilities 104 104 Personnel-related liabilities 480 457 Received advance payments 50 41 Deferred items 299 279 Sundry liabilities 1,076 943 Other liabilities 2,257 2,054 Other non-current liabilities totaled €590 million (previous year: €754 million). Th is includes liabilities from minority shareholder put options in the amount of €114 million (previous year: €110 million), minority interests in partnerships of €182 million (previous year: €218 million) and derivative fi nancial instruments of €7 million (previous year: €0 million). Prepaid expenses include performance-linked government grants of €1 million. An amount of €18 million was received in the year 25 Off-Balance Sheet Liabilities under review and recognized as income. Th ese grants were primarily to fi nance fi lm projects of RTL Group subsidiaries. Other liabilities include supplier obligations, debtors with credit balances and liabilities to minority shareholders. Th is item also includes put options for minority shareholders in the amount of €146 million (previous year: €146 million). Minority interests in partnerships are carried at nominal value, as their fair value cannot be determined. Contingent Liabilities and Other Commitments in € millions 12/31/2009 12/31/2008 Guarantees 51 90 Rental and lease commitments 1,331 1,301 Other commitments 3,233 3,211 4,615 4,602 Th e guarantees are off set by recourse rights of €8 million. It is considered unlikely that these guarantees will be called in. Bertelsmann Annual Report 2009
Company | Group Management Group Financial | Corporate Governance | Report of the | Boards/Mandates | Additional Information Report Statements Supervisory Board Income Statement Statement of Comprehensive Income Balance Sheet Cash Flow Statement Statement of Changes in Equity Notes Other commitments in the amount of €2,751 million (previous year: €2,722 million) pertain to RTL Group. Th ese concern supply agreements for (co-)productions, contracts for TV licenses and broadcasting rights, and other rights and services. Random House reported other obligations in the amount of €376 million (previous year: €404 million). Th ese represent the portion of obligations to authors for which no payments have yet been made, where future payments are contingent upon other events (such as delivery and acceptance of manuscripts). Within RTL Group, program rights have been sold to a special purpose vehicle and simultaneously leased back under a Bertelsmann Annual Report 2009 fi nance lease arrangement that does not meet the defi nition of a fi nance lease under IAS 17. Th e cash received is placed in a “restricted bank account” in order to satisfy the lease payments and is not considered as an asset in accordance with SIC 27. As of the balance sheet date, outstanding obligations are €72 million (previous year: €78 million). Th e remaining lease term is eight years. Th e following payment obligations exist from all of the Group’s long-term rental commitments classifi ed as operating leases: Minimum Payments under Operating Leases in € millions Nominal amount 12/31/2009 12/31/2008 up to 1 year 290 281 1 to 5 years 606 595 over 5 years 435 425 1,331 1,301 Present value 1,119 1,086 Th ese commitments largely concern long-term tenancy and technical broadcasting facilities. Th ey are partially off set by expected minimum lease payments from subleases with a nominal value of €53 million. Present values are calculated on the basis of national discount rates and indicate the net payment currently required to cover the respective commitments. 133
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Annual Report 2009 Digitization Inn
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Bertelsmann at a Glance Key Figures
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Corporate Divisions at a Glance RTL
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Content 8 - 23 175 Years of Bertels
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8 175 Years of Bertelsmann The Lega
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10 175 Years of Bertelsmann 1835 -
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22 175 Years of Bertelsmann Future
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24 The Management Letter from the C
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26 The Management Letter from the C
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28 The Management Executive Board B
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30 The Group Bertelsmann Essentials
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32 The Group Bertelsmann Essentials
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34 The Group Corporate Responsibili
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36 The Group Corporate Responsibili
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38 40 RTL Group 42 Random House 44
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40 Divisions RTL Group RTL Group is
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42 Divisions Random House Random Ho
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46 Divisions Arvato Arvato is one o
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48 Divisions Direct Group Direct Gr
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50 Spirit 175 Years Entrepreneurshi
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- 2 - 1 | Bertelsmann Corporate Cen
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1 | Portrait, 1971 2 | In New York,
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O n January 2, 1947, the fi rst wor
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1 3 imprints have enough to do? How
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F all 1973. The Middle East oil cri
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M umbai, summer 2007: Torsten-Jörn
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trigued by the articles about forei
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C an a person create 27 magazines i
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C ologne Cathedral towers majestica
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Instead, the company began holding
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D üsseldorf, February 11, 2003, 4:
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O n March 18, 2003, readers of the
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Annabelle Long is astonished. The y
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wants to start reading the third, t
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1835 1921 1950 1967
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52 Group Management Report Group Ma
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54 Group Management Report Controll
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56 Group Management Report Regulato
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58 Group Management Report Revenue
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80 Group Financial Statements Cash
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