The good prospects are based on the all-embracing ... - ALNO AG

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ConsoLidatEd FinanCiaL statEmEnts | RELatEd pERsons and CompaniEs
I. Related persons and
companies
Associated persons and companies <strong>are</strong> defined as persons
or business entities which can be controlled by the
reporting company, insofar as they <strong>are</strong> not already included
in the consolidated financial statements as consolidated
companies, or which can directly or indirectly exercise
control over the reporting company.
Business relations <strong>are</strong> as follows:
Business relationship
Persons concerned Major sh<strong>are</strong>holders Joint ventures Other related companies
2011
in '000 EUR
2010
in '000 EUR
2011
in '000 EUR
2010
in '000 EUR
2011
in '000 EUR
2010
in '000 EUR
Purchased <strong>good</strong>s and services 84,725 95,621 0 0 371 0
Interest paid 3,188 2,595 0 0 116 0
Interest received 0 0 0 101 0 0
Other expense 3 7 0 0 3,054 0
Other income 0 0 0 0 25,000 0
Financial accounts receivable and
trade accounts receivable 0 0 249 2,311 0 0
Financial liabilities 389 1,455 0 0 29,009 0
Trade accounts payable and other
liabilities 24,992 50,626 0 0 18 0
Interest rate
6.5% or 9%
or Euribor
+9%
Major sh<strong>are</strong>holders with whom business relations <strong>are</strong>
directly maintained <strong>are</strong>: Küchen Holding GmbH, Munich
(p<strong>are</strong>nt company), <strong>are</strong> IRE Beteiligungs GmbH, Stuttgart,
and indirectly: RCG International Opportunities S.à r.l.,
Luxemburg, Cognis S.à r.l., Luxemburg, and Bauknecht
Hausgeräte GmbH, Stuttgart.
<strong>The</strong> joint venture concerns ALNO Middle East.
<strong>The</strong> other related companies with which business relations
exist comprise Comco Holding AG, Nidau, Switzerland,
Comco Finanz AG, Nidau, Switzerland, Comco Management
GmbH, Stuttgart,and Max Müller + Partner AG, Biel,
Switzerland.
6.5% or 9% or
Euribor +9% 3 % 3 %
6.5% p.a.
plus 3.5% risk
premium n/a
<strong>The</strong> figure reported for purchased <strong>good</strong>s and services
essentially relates to the contract for delivery between
ALNO AG and Bauknecht Hausgeräte GmbH, Stuttgart.
This contract governs the supply of electrical appliances to
the ALNO Group and was concluded subject to standard
market conditions. <strong>The</strong> contract for delivery runs until 30
November 2015 and also includes an interest-bearing
delinquency schedule on which interest is charged at
customary market rates.
Küchen Holding GmbH (p<strong>are</strong>nt company) charged fees
totalling EUR 300 thousand (previous year: EUR 735 thousand)
for consulting services within the framework of its
service contract. EUR 3 thousand (previous year: EUR 207
thousand) were additionally charged for further consulting
services and travel expenses of a sh<strong>are</strong>holder of Küchen
Holding GmbH.