Annual Report 2005

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$HP Latex Printing Technologies - Neschen$

62 Notes relating to the consolidated annual accounts Joint venture (equity method) in €k 31.12.2005 31.12.2004 Neschen GBC Graphic Films LLC, Elkridge/USA 1,108 839 Total 1,217 923 Investment loans in €k 31.12.2005 31.12.2004 Neschen GBC Graphic Films LLC, Elkridge/USA 1,650 1,204 Securities in €k 31.12.2005 31.12.2004 Neschen Austria Ges.m.b.H., Vienna/Austria 10 10 Filmolux S.A.R.L., Paris/France 1 1 Neschen ITALIA s.r.L., Bagnolo/Italy 1 1 Total 12 12 Sonstige Ausleihungen in €k 31.12.2005 31.12.2004 Neschen AG, Bückeburg 1 1 Neschen International B.V., Raalte/The Netherlands 536 610 Neschen Benelux B.V., Breda/The Netherlands 75 59 Neschen Products España S.A., Barcelona/Spain 8 8 Total 620 678 Deferred taxes in €k 31.12.2005 31.12.2004 Active deferred taxes 1,115 9,888 The deferred taxes relate to different valuations in the operating and tax statements, the expected future adjustment of tax loss carry-forwards and from consolidation methods at Group level. In the financial year, deferred taxes on tax loss carry-forwards were only shown as assets at the rate of the deferred tax liabilities relating to the Group company in question created in the financial year. Besides these, no deferred taxes on tax loss carry-forwards were created on the assets side. Short-term assets Distribution of assets in €k 31.12.2005 31.12.2004 Raw materials and supplies 4,903 6,425 Semi-finished products 3,388 4,350 Finished products and commodities 8,386 9,494 Advance payments 57 58 Total 16,734 20,327 Raw materials and supplies in €k 31.12.2005 31.12.2004 Neschen AG, Bückeburg/Germany 1,865 2,324 Seal Graphics Europe B.V., Raalte/The Netherlands 27 917 Seal UK Ltd., Basildon/Great Britain 19 86 Filmolux S.A.R.L., Paris/France 41 29 Neschen Corporation, Elkridge/USA (consolidated) 2,951 3,069 Total 4,903 6,425
Notes relating to the consolidated annual accounts Semi-finished products in €k 31.12.2005 31.12.2004 Neschen AG, Bückeburg/Germany 2,192 3,009 Seal Graphics Europe B.V., Raalte/The Netherlands 4 292 Neschen Corporation, Elkridge/USA (consolidated) 1,192 1,049 Total 3,388 4,350 Finished products and commodities in €k 31.12.2005 31.12.2004 Neschen AG, Bückeburg/Germany 4,524 4,520 Neschen Austria Ges.m.b.H., Vienna/Austria 108 151 Neschen Benelux B.V., Breda/The Netherlands 0 301 Seal Graphics Europe B.V., Raalte/The Netherlands 4 1513 Seal UK Ltd., Basildon/Great Britain 0 34 Seal Graphics Pacific Ltd., Hong Kong/China 45 52 Filmolux S.A.R.L., Paris/France 130 15 Neschen UK Ltd., Stone/Great Britain 521 576 Neschen ITALIA s.r.L., Bagnolo/Italy 318 366 Neschen Kft., Budapest/Hungary 38 52 Neschen Corporation, Elkridge/USA (consolidated) 1,657 879 Neschen Products España S.A., Barcelona/Spain 46 58 HSW Signall s.r.o., Prague/Czech Republic 908 925 Neschen China Ltd., Hong Kong/China 87 52 Total 8,386 9,494 Advance payments in €k 31.12.2005 31.12.2004 Neschen AG, Bückeburg/Germany 50 55 Neschen Products España S.A., Barcelona/Spain 1 1 HSW Signall s.r.o., Prague/Czech Republic 6 2 Total 57 58 Trade receivables in €k 31.12.2005 31.12.2004 Neschen AG, Bückeburg 4,116 3,006 Neschen Austria Ges.m.b.H., Vienna/Austria 399 550 Neschen International B.V., Raalte/The Netherlands 9 4 Neschen Benelux B.V., Breda/The Netherlands 416 334 Seal Graphics Europe B.V., Raalte/The Netherlands 212 1,485 Seal UK Ltd., Basildon/Great Britain 214 176 Seal Graphics Pacific Ltd., Hong Kong/China 71 53 Filmolux S.A.R.L., Paris/France 2,552 2,648 Neschen UK Ltd., Stone/Great Britain 379 304 Neschen ITALIA s.r.L., Bagnolo/Italy 2,193 1,946 Neschen Kft., Budapest/Hungary 42 104 Neschen Corporation, Elkridge/USA (consolidated) 4,558 4,761 Neschen Products España S.A., Barcelona/Spain 517 769 HSW Signall s.r.o., Prague/Czech Republic 1,041 1,075 Neschen China Ltd., Hong Kong/China 135 98 Total 16,854 17,313 The trade receivables have a residual term of up to one year. Individual risks have been taken into account by means of appropriate value adjustments. 63
Page 1:
Annual Report 2005
Page 4 and 5:
4 Financial Overview HGB IFRS IFRS
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 78 and 79: 78 Neschen AG balance sheet (in acc
Page 80 and 81: 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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