Annual Report 2005

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$HP Latex Printing Technologies - Neschen$

4 Financial Overview HGB IFRS IFRS Balance Sheet €k 2003 2004 2005 Subscribed capital 5,950 8,750 8,750 Shareholders’ equity 14,575 8,426 1,218 Investments in fixed assets 8,079 3,676 1,386 Balance sheet total 112,912 101,590 92,470 Profit/Loss €k 2003 2004 2005 Consolidated turnover 140,941 140,308 136,174 Turnover in Germany 22,835 24,706 25,213 International turnover 118,106 115,602 110,961 Profit/loss from operating activity - 2,500 - 8,373 - 3,391 Pre-tax profit for the year - 2,852 - 13,881 - 8,739 Profit for the year after tax - 3,664 - 15,126 - 9,350 Net income according to shares in minority interest - 3,840 - 15,169 - 9,558 EBIT 1,864 - 9,296 - 3,950 EBIT (excluding restructuring costs) 1,864 - 1,938 3,983 EBITDA 8,726 - 2,094 2,404 EBITDA (excluding restructuring costs) 8,726 2,197 8,251 Cash flow 2,908 - 6,626 - 1,956 Profit/loss per share in Euros* - 0.62 - 1.73 - 1.09 Dividend per share in Euros 0.00 0.00 0.00 Staff 2003 2004 2005 Total staff as of 31.12. 715 664 573 Personnel expenses in Euros 29,836 29,421 27,021 Turnover per employee in Euros* 188.2 208.5 218.2 Average absenteeism 3.2% 2.4% 2.1% * in relation to the annual average of 624 employees Fixed assets (in €k) Neschen Group 2005 Book value Depreciation Investments Intangible assets 15,074 1,102 171 Land and buildings Fixtures, fittings and equipment, technical equipment, 17,111 1,139 54 plant and machinery in process of construction, machinery 16,787 4,113 685 Financial assets 3,499 0 476 Total as of 31.12.2005 52,471 6,354 1,386 Total investments in tangible fixed assets over the last five years came to 56.4 million Euros.
Financial overview in detail - Breakdown according to company office HGB IFRS IFRS HGB IFRS IFRS 2003 2004 2005 2003 2004 2005 Turnover Change in % Europe 103,701 103,406 98,983 - 9.3% - 0.3% - 4.3% USA/Asia 37,240 36,902 37,191 - 18.6% - 0.9% 0.8% Group 140,941 140,308 136,174 - 12.0% - 0.4% - 2.9% Cost of Materials In % of turnover Europe 50,276 55,079 52,098 48.5% 53.3% 52.6% USA/Asia 23,648 24,583 25,889 63.5% 66.6% 69.6% Group 73,924 79,662 77,987 52.5% 56.8% 57.3% Personnel expenses In % of turnover Europe 24,556 24,394 22,140 23.7% 23.6% 22.4% USA/Asia 5,280 5,037 4,881 14.2% 13.6% 13.1% Group 29,836 29,431 27,021 21.2% 21.0% 19.8% Profit/Loss In % of turnover Europe - 824 - 9474 - 5999 - 0.8% - 9.2% - 6.1% USA/Asia - 2,840 - 5,652 - 3,351 - 7.6% - 15.3% - 9.0% Group - 3,664 - 15,126 - 9,350 - 2.6% - 10.8% - 6.9% EBIT In % of turnover Europe 3,260 - 5,327 - 2,439 3.1% - 5.2% - 2.5% USA/Asia - 1,396 - 3,969 - 1,512 - 3.7% - 10.8% - 4.1% Group 1,864 - 9,296 - 3,950 1.3% - 6.6% - 2.9% EBITDA In % of turnover Europe 9064 725 3246 8.7% 0.7% 3.3% USA/Asia - 338 - 2,819 - 843 - 0.9% - 7.6% - 2.3% Group 8,726 - 2,094 2,404 6.2% - 1.5% 1.8% Per capita turnover Change in % Europe 161 180 189 - 7.5% 11.8% 5.4% USA/Asia 362 380 368 - 5.0% 5.2% - 3.2% Group 188 208 218 - 8,7% 10.8% 4.7% 5
Page 1: Annual Report 2005
Page 6 and 7: 6 Neschen AG · Consolidated Compan
Page 8 and 9: 8 Foreword by the Spokesman for the
Page 10 and 11: 10 Foreword by the Spokesman for th
Page 12 and 13: 12 Business Units NESCHEN AG has le
Page 14 and 15: 14 Market Strategy NESCHEN AG has h
Page 16 and 17: 16 Restructuring Program the site o
Page 18 and 19: 18 Business Unit “Graphics” The
Page 20 and 21: 20 Business Unit “Graphics” The
Page 22 and 23: 22 Business Unit “Documents” Th
Page 24 and 25: 24 Business Unit “Special Product
Page 26 and 27: 26 Quality Management During the pa
Page 28 and 29: 28 Corporate Governance Code With t
Page 30 and 31: 30 Report of the Supervisory Board
Page 32 and 33: 32 Course of business and Group’s
Page 34 and 35: 34 Profit and Loss Statement During
Page 36 and 37: 36 Profit and loss statement The re
Page 38 and 39: 38 Cash Flow Cash flow as of 31/12
Page 40 and 41: 40 Personnel development As of 31.1
Page 42 and 43: 42 Forecast We plan to achieve sale
Page 44 and 45: 44 Research and Development Approxi
Page 46 and 47: 46 Outlook The past year - 2005 - h
Page 48 and 49: 48 Consolidated balance sheet Conso
Page 50 and 51: 50 Notes relating to the consolidat
Page 52 and 53: 52 Notes relating to the consolidat
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54 Notes relating to the consolidat
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78 Neschen AG balance sheet (in acc
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80 Income statement of Neschen AG F
Page 82:
82 Imprint Imprint The Annual Repor
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Annual Report 2005

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