*The 2008 figure includes a reversal in other comprehensive income of adjustments arising from the limit in IAS 19.58. 128 Annual Report 2009 Consolidated Statement of Comprehensive Income 2009 2008 (EUR thousand) restated Profit after taxes 408,169 323,882 Currency translation differences Changes in fair value of financial instruments 158,778 (57,591) Primary 61,452 (103,770) Derivative (14,444) (88,991) Actuarial gains and losses* Share of profits and losses of equity-method associates and jointly controlled entities 37,626 (54,306) recognized directly in equity (5,740) (67,177) Other comprehensive income (after taxes) 237,672 (371,835) Total comprehensive income after taxes 645,841 (47,953) Of which: HOCHTIEF Group [361,206] [(154,020)] Of which: Minority interest [284,635] [106,067]
Consolidated Balance Sheet (EUR thousand) Note ❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘ Dec. 31,2009 Dec. 31, 2008 restated Jan. 1, 2008 restated Assets Non-current assets Intangible assets (11) 503,701 482,660 505,145 Property, plant and equipment (12) 1,492,327 1,120,393 1,027,641 Investment properties (13) 38,239 42,896 41,199 Equity-method investments (14) 1,797,833 1,668,942 1,462,459 Other financial assets (15) 486,496 430,058 555,655 Financial receivables (16) 425,361 352,668 365,175 Other receivables and other assets (17) 177,137 95,806 130,958 Deferred tax assets (18) 232,780 217,085 176,907 Current assets 5,153,874 4,410,508 4,265,139 Inventories (19) 1,115,742 943,597 592,069 Financial receivables (16) 112,087 93,313 81,294 Trade receivables (20) 3,407,523 3,783,256 3,194,790 Other receivables and other assets (17) 126,789 170,961 311,683 Current income tax assets (21) 56,879 65,320 26,144 Marketable securities (22) 807,739 809,396 766,384 Cash and cash equivalents (23) 1,769,644 1,787,713 1,402,527 7,396,403 7,653,556 6,374,891 Liabilities and Shareholders’ Equity 12,550,277 12,064,064 10,640,030 Shareholders’ equity Attributable to the Group (24) Subscribed capital 179,200 179,200 179,200 Capital reserve 400,806 400,806 400,806 Revenue reserves 1,737,028 1,630,911 1,644,393 Deduction for treasury stock [90,953] [92,113] – Accumulated other comprehensive income (211,921) (377,905) (67,141) Unappropriated net profit 105,000 98,000 123,555 2,210,113 1,931,012 2,280,813 Minority interest 1,101,816 895,151 703,100 Non-current liabilities 3,311,929 2,826,163 2,983,913 Provisions for pensions and similar obligations (26) 71,262 76,701 29,010 Other provisions (27) 337,949 358,199 316,382 Financial liabilities* (28) 2,047,590 1,678,464 1,324,028 Other liabilities* (29) 185,111 219,020 79,434 Deferred tax liabilities (18) 111,499 93,805 82,103 Current liabilities 2,753,411 2,426,189 1,830,957 Other provisions (27) 905,655 715,178 755,158 Financial liabilities (28) 795,886 1,248,352 642,719 Trade payables (30) 4,391,638 4,561,771 4,143,392 Other liabilities (29) 381,557 267,108 273,902 Current income tax liabilities (31) 10,201 19,303 9,989 6,484,937 6,811,712 5,825,160 12,550,277 12,064,064 10,640,030 *The EUR 2,232,701,000 (2008: EUR 1,897,484,000) total for financial liabilities and other liabilities in the noncurrent category (with residual terms greater than one year) includes EUR 2,047,590,000 (2007: EUR 1,673,768,000) in interest-bearing liabilities. Annual Report 2009 129
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HOCHTIEF Annual Report 2009 ONEROOF
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Our Company at a Glance in 2009 HOC
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Turning Vision into Value HOCHTIEF
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❘ Information for our Shareholder
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us: For instance, Leighton was awar
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A major topic relating to the HOCHT
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esolutions regarding the Executive
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Executive Board Dr.-Ing. Herbert L
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One focus of corporate governance a
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Executive Board compensation also i
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Supervisory Board compensation tion
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Indexed performance of HOCHTIEF sto
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Regional distribution (as of Decemb
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with the goal of improving an airpo
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HOCHTIEF Concessions Division: Conc
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❘ Information for our Shareholder
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Our global presence HOCHTIEF worldw
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*For further information, please se
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The economic crisis will continue t
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and communications. The weak infras
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This sustained growth will be affec
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Internationally, new orders fell by
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Strategy • Successful corporate s
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we bring together our experts for t
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Our cross-divisional competence cen
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stones of this consulting service i
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meters of concrete and 142,000 squa
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Employees • Staff development too
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market in the USA. Turner currently
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In our global procurement network,
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HOCHTIEF Group performance The HOCH
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Value Added • Net value added con
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Financial Review • Strong year-on
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The EUR 15 million negative amount
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to the emerging challenges of the f
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Further loans are in place on a loc
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y Leighton. Other non-current liabi
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HOCHTIEF Aktiengesellschaft Stateme
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The impairments in trade receivable
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2008 (EUR thousand) Available for s
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The EUR 9,600,000 gains are include
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35. Segment reporting Segmental rep
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Profit/(loss) from operating activi
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All non-cash income and expense and
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The fees for services provided in G
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Corporate Headquarters ❘ Informat
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Supervisory Board Committees Nomina
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Glossary Alumni program The alumni
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Our five year summary Five Year Sum
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Publication Details and Credits Pub