English - Siegfried

More documents

Recommendations

Info

Notes to the Consolidated Financial StatementsAccounting principlesFinancial reporting is carried out in accordance with the currentInternational Accounting Standards (IAS). The principles ofaccounting are described in detail in the Siegfried Group 2001annual report.Close-down of production at Ostfriesische Tee-UnionGmbHOstfriesische Tee-Union GmbH, Bremen (D), a 100 % subsidiaryof Siegfried Deutschland Holding AG, Bad Säckingen (D),has ceased production as of June 30, 2002. Therefore theSidroga Division will not realise the respective sales to thirdparties in the second half of the year. In the first half year 2002these sales amounted to EUR 4.9 million (CHF 7.1 million).Intercompany loans/Shareholders' EquityUnrealized exchange rate differences on corporate loans havingthe nature of equity are recorded in shareholders' equity inaccordance with IAS 21.6Income taxes/Net incomeCapitalization of possible income tax credits have been reflectedin the first half year 2002. In the corresponding period2001, the capitalization of possible income tax credits in theUSA was waived. As a result, the income tax rate in the first halfyear 2001 was considerably higher compared to the first halfyear 2002.Net cash flow from investing activitiesThis position shows a cash inflow in the first half year 2001due to the proceeds from the sale of the agricultural businessactivities and Siegfried Chemicals Inc., Taiwan.
7Publisher’s NotesThis Half-Year Report is alsoavailable in German.Editor: Peter A. GehlerSiegfried Holding AGUntere Brühlstrasse 4CH - 4800 ZofingenPhone + 41 62 746 11 11Fax + 41 62 746 11 04
Page 1 and 2: Half-Year Report 2002
Page 3 and 4: Siegfried increased operating incom
Page 5: Consolidated Cash Flow StatementIn

English - Siegfried

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?