ANNUAL REPORT 2008 | 2009 - SinnerSchrader AG

Consolidated Financial Statements of SinnerSchrader AGNotes65September 2008 – with a term of 10 years separate from any dividends. The cash value was used becausethe claims for reimbursement cannot bear interest. Discounting was effected at a risk-free interest rate. As of31 August 2008, the discounted reimbursement claim was € 203,009.4.5 Other Assets and Prepaid ExpensesAs of 31 August 2009 and 31 August 2008, other current assets and prepaid expenses were valued at theamount listed in Table 4:Table 4 | Other current assets and prepaid expenses in €31.08.2009 31.08.2008Remaining other current assets 25,549 30,115Prepaid expenses 104,145 211,708Current assets and prepaid expenses 129,694 241,823Remaining other non-current assets 103,449 227,586Total assets and prepaid expenses 233,143 469,4094.6 SecuritiesThe securities as of 31 August 2009 consisted of corporate bonds and bonds payable to the bearer from solventcompanies with remaining terms at the time of purchase of 7 to 21 months. The securities can be sold at anytime and serve to cover short-term financing needs.In accordance with IAS 39, SinnerSchrader qualified these securities as “available for sale” and accordinglyevaluated them with their fair value. As long as they are not to be qualified as permanent, the unrealised profitsor losses apportionable to these securities as of the report date are reported directly in the shareholders’ equityas “Changes to shareholders’ equity not affecting income”, taking into account the taxes apportionable to them.As of 31 August 2008, SinnerSchrader did not hold any securities.The securities held and the unrealised profits and losses apportionable to them as of 31 August 2009 due to themarket evaluation as well as the distribution of maturity are shown in Table 5:Table 5 | Marketable securities in €TermAcquisitioncostsAmortisationof acquisitioncostsUnrealisedgainsBookvalue as of31.08.2009Bookvalue as of31.08.2008Marketable securities less than 1 year 2,500,000 35,878 8,632 2,544,510 –Marketable securities 1 to 5 years 2,200,000 12,438 16,443 2,228,881 –Marketable securities, total 4,700,000 48,316 25,075 4,773,391 –