ANNUAL REPORT 2004 - ELMOS Semiconductor AG
ANNUAL REPORT 2004 - ELMOS Semiconductor AG
ANNUAL REPORT 2004 - ELMOS Semiconductor AG
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MAN<strong>AG</strong>EMENT BOARD <strong>ELMOS</strong> – THE COMPANY THE <strong>ELMOS</strong> SHARE CORPORATE GOVERNANCE<br />
72<br />
CONSOLIDATED FINANCIAL STATEMENTS<br />
ÿ Financial statements<br />
Consolidated balance sheet according to US-GAAP<br />
Assets<br />
Current assets<br />
Dec. 31, <strong>2004</strong><br />
Euro<br />
Dec. 31, 2003<br />
Euro<br />
Cash and cash equivalents 15,286,595 17,426,927<br />
Marketable securities (note 2) 3,629,904 8,438,742<br />
Trade accounts receivable less allowance for doubtful<br />
accounts of 156,500 Euro in <strong>2004</strong>, 353,269 Euro in 2003 27,777,902 26,566,875<br />
Inventories (note 3) 25,147,734 22,132,468<br />
Prepaid expenses and other assets 5,803,386 8,757,505<br />
77,645,521 83,322,517<br />
Deferred taxes 13,274,744 12,709,374<br />
Intangible assets<br />
Goodwill after depreciation (notes 2 | 15) 8,314,399 7,622,344<br />
Software (note 2) 35,138,106 28,715,741<br />
Less accumulated depreciation – 9,280,575 – 7,445,770<br />
34,171,930 28,892,315<br />
Investments (note 4) 559,828 342,739<br />
Property, plant and equipment<br />
Land 7,202,876 6,565,486<br />
Buildings and improvements 63,040,386 60,185,797<br />
Technical equipment and machinery 107,992,133 96,317,333<br />
Construction in progress 14,253,989 6,219,503<br />
Less accumulated depreciation – 98,360,743 – 89,226,962<br />
94,128,641 80,061,157<br />
Total assets 219,780,664 205,328,102<br />
See notes to consolidated financial statements
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