Annual Report 2007 - hci hammonia shipping ag

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The Company Management Report Financial Statements NotesMS ”HAMMONIA BAVARIA“Schiffahrts GmbH & Co. KGMS ”WESTPHALIA“Schiffahrts GmbH & Co. KGFair Fair Fair Fairvalue value value valueCarrying adjust- upon Carrying adjust- uponEUR 000’s amount ments purchase amount ments purchaseCurrent assetsCash and cash equivalents 2 0 2 0 0 0Trade receivablesand other receivables 0 0 0 2 0 2Non-current assetsIntangible assets 0 0 0 0 339 339Property, plantand equipment 0 0 0 3 0 3Other financial assets 77 0 77 0 0 0Current liabilitiesCurrent financialliabilities 0 0 0 -693 0 -693Trade payablesand other liabilities -102 0 -102 -1,572 0 -1,572Non-current liabilitiesOther non-currentfinancial liabilities 0 -1,016 -1,016 0 0 0-23 -1,016 -1,039 -2,260 339 -1,921Goodwill 1,039 1,921Negative goodwill 0 00 040
NotesMS ”SAXONIA“ Schiffahrts GmbH & Co. KGTotalFair Fair fairvalue value valueCarrying adjust- upon uponEUR 000’s amount ments purchase purchaseCurrent assetsCash and cash equivalents 0 0 0 15Trade receivablesand other receivables 1 0 1 3,093Non-current assetsIntangible assets 0 339 339 10,698Property, plant and equipment 3 0 3 7Other financial assets 0 0 0 271Current liabilitiesCurrent financial liabilities -688 0 -688 -4,461Trade payablesand other liabilities -1,574 0 -1,574 -4,204Non-current liabilitiesOther non-current financial liabilities 0 0 0 -1,016-2,258 339 -1,919 4,403Goodwill 1,919 4,879Negative goodwill 0 -9,2690 13(iii) Costs of acquisitionThe costs of acquiring Verwaltung HCI HAMMONIA Schiffahrts GmbH were settled in cash.In the year under review, the Group acquired an interest of EUR 1 thousand each in a total of eight shippinglimited partnerships. No consideration had to be paid for these interests. The articles of associationof these eight shipping limited partnerships were amended, effective 27 and 30 November 2007;accordingly, the limited partner interests held by the Group were increased for each partnership to amajority shareholding.(iv) Net cash outflow from the acquisition of subsidiariesEUR 000’s 31 Dec 2007 31 Dec 2006Total purchase price 13 0Cash used for purchase price payment 13 0Less: cash and cash equivalents acquired upon purchase -15 0Plus: current liabilities to banks acquired upon purchase 4,461 04,459 041
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
Page 18 and 19: The Company Management Report Finan
Page 26: The Company Management Report Finan
Page 29 and 30: Consolidated income statement / Con
Page 31 and 32: Consolidated cash flow statement /
Page 33 and 34: Consolidated statement of changes i
Page 78 and 79: Auditors’ ReportAuditors’ Repor
Page 80 and 81: Chairman of the Supervisory BoardTh
Page 82 and 83: Corporate GovernanceCommunicationHC
Page 84 and 85: Corporate GovernanceRemuneration Re
Page 86: HCI HAMMONIA SHIPPING AGBleichenbr

Annual Report 2007 - hci hammonia shipping ag

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