Download Annual Report 2006 - MÃ¼hlbauer Group

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46 CONSOLIDATED FINANCIAL STATEMENTS, CONSOLIDATED STATEMENTS OF CASHFLOWSCONSOLIDATED STATEMENTS OF CASHFLOWS (IFRS)OF MÜHLBAUER HOLDING AG & CO. KGaAJan. 01 - Jan. 01 -Dec. 31, <strong>2006</strong> Dec. 31, 2005TEURTEURCash provided by operating activities1. Net earnings 27,728 23,0202. + Income taxes 10,285 11,6483. + Interest expenses 148 507Adjustments for non cash expenses and income4. +/- Expenses/(income) from employee profit-sharing programs 188 1215. +/- Depreciations/(appreciations) to fixed assets 6,128 5,7806. +/- Depreciations/(appreciations) to intangible assets 614 3927. +/- Depreciations/(appreciations) to capitalized development costs 3,144 1,7278. +/- (Gains)/losses from the sale of fixed assets (261) (161)9. +/- Currency differences from the transition of fixed assets (1) (10)10. +/- Realized net (gains)/losses from short- and long-term marketable securities (2,265) (889)11. +/- (Gains)/losses from the the change in fair value of financial instruments (222) (32)12. +/- (Increase)/decrease of deferred tax assets 57 13513. +/- Increase/(decrease) of deferred tax liabilities 473 12Changes in working capital14. +/- (Increase)/decrease of inventories (6,275) (1,316)15. +/- (Increase)/decrease of trade accounts receivables and other short-term assets (12,391) (531)16. +/- (Increase)/decrease of trade accounts payables and other liabilities (2,310) 7,63417. = Cash generated from operating activities 25,040 48,03718. - Income tax paid (11,827) (15,799)19. - Interest paid (13) (105)20. = Cash provided by operating activities 13,200 32,133Cashflow from investing activities21. + Proceeds from disposals of fixed assets 321 29422. - Purchase of fixed assets (7,947) (6,755)23. - Purchase of intangible assets (992) (670)24. - Expenditures for capitalized development costs (4,341) (3,042)25. + Proceeds from sales of long-term marketable securities (available-for sale-papers) 3,999 30026. - Acquisitions of long-term marketable securities (available-for sale-papers) (3,876) (4,850)27. + Proceeds from sales of short-term marketable securities(available-for sale and held-to-maturity papers) 24,734 2,58828. - Acquisitions of short-term marketable securities(available-for sale and held-to-maturity papers) (29,351) (9,753)29. = Cash used for investing activities (17,453) (21,888)Cashflow from financing activities30. - Repayment of long-term debts 0 (925)31. +/- Increase/(decrease) of short-term debts (960) (63)32. + Proceeds from sales of own shares 384 48533. - Dividends paid (12,006) (9,033)34. +/- Tax withdrawal personally liable shareholder (1,250) (1,070)35. = Cash used for financing activities (13,832) (10,606)36. +/- Increase/(decrease) of currency exchange rate changes (90) 42937. = Net increase/(decrease) in cash and cash equivalents(Total of lines 20, 29, 35 and 36) (18,175) 6838. + Liquid funds on January 1 29,486 29,41839. = Liquid funds on December 31 11,311 29,486We refer to additional informations on page 74 of the accompanying notes.The accompanying notes are an integral part of these Consolidated Financial Statements.
CONSOLIDATED FINANCIAL STATEMENTS, CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY47CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (IFRS)OF MÜHLBAUER HOLDING AG & CO. KGaASonstige RücklagenOrdinary Additional Cumulative AvailableTotal Own share Fixed paid-in transaction for-sale- Retainednumber shares capital capital capital adjustments securities earnings TotalNotes of shares Number TEUR TEUR TEUR TEUR TEUR TEUR TEURBalance Dec. 31, 2004 6,279,200 (222,404) 7,753 (2,980) 58,739 (238) 1,667 46,734 111,675Net earnings - - - - - - - 23,020 23,020Other comprehensive income/(loss) (27) - - - - - 429 361 - 790Total comprehensive income/(loss) (27) - - - - - 429 361 23,020 23,810Deferred compensation (27) - - - - 121 - - - 121Proceeds from sales of own shares (27) - 19,967 26 - 459 - - - 485Dividends (27) - - - - - - - (9,876) (9,876)Balance Dec. 31, 2005 6,279,200 (202,437) 7,779 (2,980) 59,319 191 2,028 59,878 126,215Net earnings - - - - - - - 27.728 27.728Other comprehensive income/(loss) (27) - - - - - (90) (870) - (960)Total comprehensive income/(loss) (27) - - - - - (90) (870) 27,728 26,768Deferred compensation (27) - - - - 188 - - - 188Proceeds from sales of own shares (27) - 14,935 19 - 365 - - - 384Dividends (27) - - - - - - - (13,256) (13,256)Balance Dec. 31, <strong>2006</strong> 6,279,200 (187,502) 7,798 (2,980) 59,872 101 1,158 74,350 140,299The accompanying notes are an integral part of these Consolidated Financial Statements.
Page 1 and 2: Annual Report 2006
Page 3 and 4: This annual report is dedicated to
Page 5 and 6: TABLE OF CONTENTS01Table of Content
Page 7 and 8: INTERVIEW WITH THE CEO03foundation
Page 9 and 10: INTERVIEW WITH THE CEO05No matter o
Page 11 and 12: COMPANY PROFILE07
Page 13 and 14: COMPANY PROFILE09RFID technology ha
Page 17 and 18: COMPANY PROFILE13In times of extrem
Page 21 and 22: COMPANY PROFILE17At Mühlbauer, Ser
Page 23 and 24: THE MÜHLBAUER SHARE19Extensive dia
Page 25 and 26: CORPORATE GOVERNANCE21The remunerat
Page 27: CONSOLIDATED FINANCIAL STATEMENTS23
Page 30 and 31: 26 CONSOLIDATED FINANCIAL STATEMENT
Page 84 and 85: 80 REPORT OF THE SUPERVISORY BOARDR
Page 86 and 87: 82 SEVERAL YEARS OVERVIEWSeveral ye
Page 88 and 89: 84 TECHNICAL GLOSSARYAdhesive Film
Page 90 and 91: 86 FINANCIAL GLOSSARYBalance sheets
Page 92 and 93: IMPRINT:Published by: Mühlbauer Ho

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