ANNUAL REPORT 2008 | 2009 - SinnerSchrader AG

Consolidated Financial Statements of SinnerSchrader AGNotes67• Treasury StockAs of 31 August 2009, the Company held 270,656 shares of treasury stock. The average price of all shares oftreasury stock held was € 1.54 as of 31 August 2009.As of 31 August 2008, the Company held 45,185 shares of treasury stock which had been purchased at anaverage acquisition cost of € 1.60 per share. In the 2008/2009 financial year, 245,471 shares of treasury stockwere purchased on the stock market at an average price of € 1.53. In May 2009, 20,000 shares of treasury stockwere issued to the vendors as part of the purchase price for the takeover of newtention GmbH.270,656 shares of treasury stock represent 2.34 % of the share capital. Under IFRS, a deducted item in shareholders’equity representing procurement costs has been set up for treasury stock.• Changes to Shareholders’ Equity with a Neutral Effect on IncomeThe changes to shareholders’ equity with a neutral effect on income as of 31 August 2009 and 31 August 2008amounted to € 42,071 and € 25,071, respectively, and originated in the amount of € 25,089 and € 25,071,respectively, from currency conversion within the context of the consolidation of the companies in the consolidationgroup reporting in foreign currency. The remaining amount arose from the evaluation on the reportdate with a neutral effect on income for the sale of available securities.4.9 Tax ReservesAs of 31 August 2009, the reserves for corporation tax and commercial tax were € 1,256,734 (previous year:€ 434,643).They were reported in the amount of € 49,081 from paid tax collected at source on capital and interest earnings,upon which SinnerSchrader has a claim for offsetting vis-à-vis the Tax Office within the context of tax assessment.4.10 Other Accrued ExpensesThe other accrued expenses are made up as shown in Table 6:Table 6 | Accrued expenses in €31.08.2008 Utilised Allocated Dissolved 31.08.2009Accrued compensation 1,081,492 -1,075,176 1,028,856 -6,316 1,028,856Accrued project-oriented expensesfor warranties and allowances 325,354 -153,145 125,417 – 297,626Accrued rent and related expenses 240,354 -31,685 33,936 -82,596 160,009Reporting and auditing expenses 62,580 -56,580 86,300 – 92,300Other accruals 104,987 -75,955 94,741 -704 123,069Total 1,814,767 -1,392,541 1,369,250 -89,616 1,701,860