Consolidated Financial Statements of <strong>SinnerSchrader</strong> <strong>AG</strong>42 Consolidated Balance Sheets43 Consolidated Statements of Operations44 Consolidated Statements of Shareholders’ Equity46 Consolidated Statements of Cash Flows47 Notes81 Auditors’ Opinion
42Consolidated Balance SheetsConsolidated Financial Statements of <strong>SinnerSchrader</strong> <strong>AG</strong>Consolidated Balance Sheetsas of 31 August <strong>2009</strong>Assets in € Notes No. 31.08.<strong>2009</strong> 31.08.<strong>2008</strong>Current assets:Liquid funds 2.11 3,214,983 9,075,148Marketable securities 4.6 4,773,391 –Liquid funds and marketable securities 7,988,374 9,075,148Accounts receivable, net of allowances for doubtful accountsof € 155,924 and € 157,924 at 31.08.<strong>2009</strong> and 31.08.<strong>2008</strong>, respectively 2.9 5,202,256 4,829,850Unbilled revenues 4.3 888,816 1,245,615Other current assets and prepaid expenses 4.5 129,694 241,823Total current assets 14,209,140 15,392,436Non-current assets:Goodwill 4.1 3,134,986 2,592,463Other intangible assets 4.1 1,703,583 436,985Property and equipment 4.1 1,028,480 1,081,485Tax receivables 4.4 162,047 203,009Other non-current assets and prepaid expenses 4.5 103,449 227,586Total non-current assets 6,132,545 4,541,528Total assets 20,341,685 19,933,964Liabilities and shareholders’ equity in €Current liabilities:Trade accounts payable 2.13 2,020,562 2,358,219Advance payments received 4.3 421,922 435,290Other accrued expenses 4.10 1,701,860 1,814,767Tax liabilities 4.9 1,256,734 434,643Other current liabilities and deferred income 4.11 1,081,201 809,528Total current liabilities 6,482,279 5,852,447Non-current liabilities:Other non-current liabilities 4.12 736,745 738,092Deferred tax liabilities 5.5 588,598 372,580Total non-current liabilities 1,325,343 1,110,672Shareholders’ equity:Common stock, stated value € 1, issued: 11,542,764 and 11,542,764,outstanding: 11,272,108 and 11,497,579 at 31.08.<strong>2009</strong> and 31.08.<strong>2008</strong>, respectively 4.8 11,542,764 11,542,764Additional paid-in capital 4.8 3,599,444 3,601,770Reserves for share-based compensation 4.8 102,037 70,778Treasury stock, 270,656 and 45,185 at 31.08.<strong>2009</strong> and 31.08.<strong>2008</strong>, respectively 4.8 -418,027 -72,192Accumulated deficit -2,334,226 -2,197,346Changes in shareholders’ equity not affecting net income 4.8 42,071 25,071Total shareholders’ equity 12,534,063 12,970,845Total liabilities and shareholders’ equity 20,341,685 19,933,964The accompanying notes are an integral part of these Consolidated Financial Statements.
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