pdf: 3,51 MB - Conergy Group

Conergy AG * Annual Report 2006
126
D. Other disclosures
39. Consolidated cash flow statement
The company only maintains such cash and cash equivalents as
can be quickly accessed and used.
Interest income and expenses are assigned exclusively to operating
activities.
Cash includes cash in hand, checks and bank balances.
In contrast to the previous year, deposits from borrowings were
classified as financing activity. The previous year’s figures were
adjusted accordingly.
Cash outflows due to the acquisition or establishment of companies
were as follows:
TEUR 2006 2005
Cash payment obligations due to company acquisitions 43,459 4,793
plus payments due to company acquisitions, previous year 3,109 208
less acquired cash 2,209 232
Cash outflow due to the acquisition of companies 44,359 4,769
40. Segment reporting
Segment reporting was prepared in accordance with IAS 14 (Segment
Reporting). Individual consolidated data are reported by
business units in keeping with the Group’s internal reporting and
organisational structure. Segment reporting aims to lend greater
transparency to both the performance and the assets of the Group’s
individual business units or regions.
Primary segment reporting is based on the organisational structure
of the Conergy Group. The Group differentiates among the following
segments:
A. Primary segments: Business units
1. Projects: Epuron Group (until 31.12.2006: voltwerk)
The Epuron Group is responsible for planning, financing and executing
major solar energy, bioenergy and wind power projects.
2. Engineering: SunTechnics Group
The SunTechnics Group is responsible for planning, implementing
and installing solar and bioenergy units of any size.