Annual Report 2007 - hci hammonia shipping ag

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The Company Management Report Financial Statements NotesConsolidated cash flow statement23 Jun –EUR Note 2007 31 Dec 2006Consolidated net income/loss for the year 4,484,859.46 -3,619.00Depreciation, amortisation and impairment of intangibleassets and property, plant and equipment 443,822.20 0.00Impairment of goodwill 4,879,413.31 0.00Tax expense 21,979.86 -2,412.65Elimination of net interest income -418,049.14 0.00Other non-cash income and expenses -9,268,561.40 0.00Decrease/increase in working capital 1,445,128.54 6,000.00Increase in inventories -333,500.27 0.00Increase in trade receivables -80,592.02 0.00Increase in receivables from related parties -2,546.77 0.00Increase in other assets -468,876.48 0.00Increase in trade payables 553,615.72 6,000.00Increase in payables to related parties 1,442,543.43 0.00Increase in other liabilities 334,484.93 0.00Taxes paid -60,439.16 0.00Interest paid -7,892.53 0.00Interest received 453,844.14 0.00Cash flow from operating activities 35 1,974,105.28 -31.65Payments to acquire intangible assets and property,plant and equipment -95,654,345.71 0.00Net cash outflow from the acquisition ofsubsidiaries 2(c(iv)) -4,459,059.98 0.00Cash flow from investing activities -100,113,405.69 0.00Proceeds from the issue of equity instruments 146,135,884.55 50,000.00Transaction costs for loans -30,295.89 0.00Cash flow from financing activities 146,105,588.66 50,000.00Net change in cash and cash equivalents 47,966,288.25 49,968.35Cash and cash equivalents at beginning of period 49,968.35 0.00Effects of exchange rate changes on cashand cash equivalents 466,188.46 0.00Cash and cash equivalents at end of period 34 48,482,445.06 49,968.3528
Consolidated cash flow statement / Consolidated statement of changes in equityConsolidated statement of changes in equityChange inthe fair Foreignvalue of currencyderivatives trans- Accumuofcash lation lated Other Con -Subscribed Capital Retained flow adjust- other solidatedEUR capital reserve earnings hedges ment equity equityBalance at1 Jan 2006 0.00 0.00 0.00 0.00 0.00 0.00 0.00Consolidatednet loss 0.00 0.00 -3,619.00 0.00 0.00 0.00 -3,619.00Total recognisedincome and expense 0.00 0.00 -3,619.00 0.00 0.00 0.00 -3,619.00Capital increase 50,000.00 0.00 0.00 0.00 0.00 0.00 50,000.00Balance at31 Dec 2006 50,000.00 0.00 -3,619.00 0.00 0.00 0.00 46,381.00Consolidated netincome for the year 0.00 0.00 4,484,859.46 0.00 0.00 0.00 4,484,859.46Proportional changein the fair value ofderivatives of cashflow hedges 0.00 0.00 0.00 -435.58 0.00 -435.58 -435.58Changes in foreigncurrency translationadjustment 0.00 0.00 0.00 0.00 466,188.46 466,188.46 466,188.46Income andexpensesrecogniseddirectly in equity 0.00 0.00 0.00 -435.58 466,188.46 465,752.88 465,752.88Total recognisedincome and expense 0.00 0.00 4,484,859.46 -435.58 466,188.46 465,752.88 4,950,612.34Capital increase 136,364,000.00 13,636,400.00 0.00 0.00 0.00 0.00 150,000,400.00Offset ofissue costs 0.00 -3,864,515.45 0.00 0.00 0.00 0.00 -3,864,515.45Balance at31 Dec 2007 136,414,000.00 9,771,884.55 4,481,240.46 -435.58 466,188.46 465,752.88 151,132.877.8929
Page 2 and 3: Key figuresShip portfolioDate Capac
Page 4 and 5: Jens BurgemeisterMember of theManag
Page 6: The Company Management Report Finan
Page 9 and 10: Business aims and strategy / Busine
Page 11 and 12: Business modelThis will be guarante
Page 13 and 14: Business modelTEU pool managed by P
Page 15 and 16: The ShareThe ShareSuccessful stock
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Page 29: Consolidated income statement / Con
Page 33 and 34: Consolidated statement of changes i
Page 78 and 79: Auditors’ ReportAuditors’ Repor
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Chairman of the Supervisory BoardTh
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Corporate GovernanceCommunicationHC
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Corporate GovernanceRemuneration Re
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HCI HAMMONIA SHIPPING AGBleichenbr
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