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

3. fINaNCIal asseTs
ConsoLidatEd FinanCiaL statEmEnts | notEs to thE ConsoLidatEd statEmEnt oF FinanCiaL position
As at 31 December 2011, financial assets totalled EUR
3,168 thousand (previous year: EUR 3,431 thousand).
<strong>The</strong> financial assets comprise non-current securities to
protect commitments associated with employees' preretirement
part-time working against insolvency, in the
amount of EUR 3,163 (previous year: EUR 3,426 thousand),
which were pledged to the employees, as well as
interests in associated companies in the amount of EUR
5 thousand (previous year: EUR 5 thousand).
4. aT-equITY INvesTMeNTs
As at 31 December 2011, ALNO Middle East reported the
following assets and liabilities in its balance sheet; these
<strong>are</strong> attributable to ALNO AG in accordance with its holding
of 50%.
in '000 EUR 31.12.2011 31.12.2010
Assets 4,085 6,121
thereof non-current 942 1,701
thereof current 3,143 4,420
Liabilities 3,214 3,940
thereof non-current 1,354 1,977
thereof current 1,860 1,963
In 2011, ALNO AG accrued income and expenses in the
following amounts:
in '000 EUR 2011 2010
Income 93 4,462
Expenses 2,444 4,369
<strong>The</strong> loss of EUR 2,351 thousand borne by ALNO AG in
2011 reduced the carrying amount of the holding as posted
in profit and loss. In addition, ALNO AG waived EUR 1,000
thousand when a loan receivable was transformed into a
capital contribution. <strong>The</strong> carrying amount of the associated
company also increased as a result of currency translation
differences in the amount of EUR 41 thousand, which were
recognized outside profit or loss in the sh<strong>are</strong>holders' equity
of ALNO AG.
<strong>The</strong> profit of EUR 93 thousand accruing to ALNO AG in
2010 increased the carrying amount of the holding in profit
and loss. <strong>The</strong> carrying amount of the associated company
also increased as a result of currency translation differences
in the amount of EUR 158 thousand, which were
recognized outside profit or loss in the sh<strong>are</strong>holders' equity
of ALNO AG.
5. fINaNCIal aCCouNTs reCeIvaBle
Non-current financial accounts receivable comprise loans
granted to ALNO Middle East in the amount of EUR 170
thousand (previous year: EUR 2,000 thousand), a security
deposit for a provider of IT services in the amount of EUR
676 thousand (previous year: EUR 665 thousand) and
earmarked credit balances with banks in the amount of
EUR 473 thousand (previous year: EUR 0 thousand) for
future investments.
6. Trade aCCouNTs reCeIvaBle
in '000 EUR Total
Remaining term
< 1 year 1 to 5 years > 5 years
31 December 2011 41,339 40,056 1,283 0
31 December 2010 32,996 32,360 636 0
Sales of accounts receivable by the ALNO Group in the
amount of EUR 15,295 thousand (previous year: EUR
10,910 thousand) do not meet with the criteria for complete
derecognition of the receivables. This resulted in
trade accounts receivable as at 31 December 2011 with a
carrying amount of EUR 596 thousand (previous year: EUR
410 thousand). Currency risks and interest risks basically
continue to apply as a result of possible belated payment
of the accounts receivable. <strong>The</strong> accounts payable which
<strong>are</strong> associated with the transferred and not derecognized
accounts receivable amount to EUR 810 thousand (previous
year: EUR 536 thousand) and <strong>are</strong> recognized in other
liabilities.
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