Annual Report 2005
Annual Report 2005
Annual Report 2005
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Notes relating to the consolidated annual accounts<br />
Distribution of liabilities<br />
in €k 31.12.<strong>2005</strong> 31.12.2004<br />
Liabilities due to banks 70,100 69,910<br />
Payments received 110 123<br />
Liabilities from supplies and services 9,959 13,809<br />
Liabilities to subsidiaries 8 168<br />
Other liabilities 5,682 4,267<br />
Deferred credits to income 202 144<br />
Total 86,061 88,421<br />
Liabilities due to banks<br />
in €k 31.12.<strong>2005</strong> 31.12.2004<br />
Neschen Austria Ges.m.b.H., Vienna/Austria 207 150<br />
Neschen International B.V., Raalte/The Netherlands 65,851 65,390<br />
Seal Graphics Europe B.V., Raalte/The Netherlands 13 0<br />
Seal UK Ltd., Basildon/Great Britain 0 1<br />
Filmolux S.A.R.L., Paris/France 2,438 3,098<br />
Neschen ITALIA s.r.L., Bagnolo/Italy 1,416 1,114<br />
Neschen Corporation, Elkridge/USA (consolidated) 175 157<br />
Total 70,100 69,910<br />
Residual term < 1 year 25,790 27,834<br />
Residual term 1-5 years 44,310 42,076<br />
Total 70,100 69,910<br />
Securities<br />
The following securities were granted under a bank pooling agreement:<br />
(Pooling manager: Commerzbank AG)<br />
• Land charge amounting to 40,000,000.00 Euros for joint liability relating to the following properties:<br />
a) plot at Hans-Neschen-Strasse 1, 31675 Bückeburg (buildings and undeveloped land, lot Müsingen, field 5, land parcel 8/8). Entered in the Land<br />
Register of the local court of Bückeburg (district of Müsingen, sheet 205).<br />
b) plot at Windmühlenstrasse 6, 31675 Bückeburg (buildings and undeveloped land, lot Bückeburg, field 24, land parcel 52/562). Entered in the Land<br />
Register of the local court of Bückeburg (district Bückeburg, sheet 2672).<br />
• Assignment of the machines at the Bückeburg site and at the Archive Centres as security insofar as these are not accessories or essential parts of an<br />
operational object in Bückeburg. With the exception of the siliconising machine – currently assigned as security to the Deutsche Bank AG.<br />
• Assignment of the warehouse at Hans-Neschen-Strasse 1 and Windmühlenstrasse 6 in Bückeburg as security.<br />
• Pledging of trademark rights, patents and licences<br />
• Assignment of rights of disbursement towards EUROFACTOR AG, Munich including claims relating to trade credit insurance policies concluded and<br />
assigned to the factor<br />
• Global assignments for those outstanding debts not acquired by EUROFACTOR AG, Munich<br />
• Pledging of business shares in the following European companies: HSW Signall s.r.o., Prague/Czech Republic, Filmolux S.A.R.L., Paris/France,<br />
Neschen Italia s.r.l., Bagnolo/Italy, Neschen Products España S.A., Barcelona/Spain, Neschen Benelux B.V., Breda/The Netherlands, Seal Graphics Europe B.V.,<br />
Raalte/The Netherlands, Seal UK Ltd., Basildon/Great Britain, Neschen UK Ltd., Stone/Great Britain. Pledging of European subsidiaries has not yet been<br />
legally implemented in full.<br />
• Liability of the controlling company from the sub-group in the USA (Neschen Corporation) through the provision of guarantees<br />
• Guarantees of Seal Graphics Americas Corp. and Neschen Accutech Corp., both in Elkridge/USA.<br />
Payments received<br />
in €k 31.12.<strong>2005</strong> 31.12.2004<br />
Neschen AG, Bückeburg/Germany 82 98<br />
Neschen Benelux B.V., Breda/The Netherlands 2 2<br />
HSW Signall s.r.o., Prague/Czech Republic 6 23<br />
Neschen China Ltd., Hong Kong/China 20 0<br />
Total 110 123<br />
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