Hornbach-Baumarkt-AG Group

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 123
(13) Financial assets
The development in financial assets in the 2011/2012 and 2012/2013 financial years was as follows:
€ 000s Investments Advance
Total
payments for
financial
assets
Cost
Balance at March 1, 2011 94 1,144 1,238
Foreign currency translation 0 (9) (9)
Balance at February 29/March 1, 2012 94 1,135 1,229
Foreign currency translation 0 49 49
Balance at February 28, 2013 94 1,184 1,278
Carrying amount at February 28, 2013 94 1,184 1,278
Carrying amount at February 29, 2012 94 1,135 1,229
All financial assets have been recognized at cost as it was not possible to determine reliable fair values.
(14) Other non-current receivables and assets
Other non-current receivables and assets mainly consist of deposits of € 2,188k (2011/2012: € 2,171k) paid
as security for possible subsequent claims to purchase price reductions on the part of the buyer. The deposits
have a maximum term of 7 years.
Furthermore, as of February 28, 2013 this item also includes receivables of € 874k (2011/2012: € 538k) due
from the Federal Employment Agency in connection with payments governed under the relevant part-time
early retirement legislation.
Other non-current receivables and assets also include deferred expenses of € 760k (2011/2012: € 1,038k) in
connection with an as yet unutilized syndicated credit line of € 250 million concluded in the 2011/2012
financial year with a term until December 14, 2016.
Moreover, in the 2011/2012 financial year this item also included the net balance of the fair value of plan
assets and the present value of the pension obligation for the statutory pension obligation in Switzerland,
amounting to € 66k. Details about this item and its development can be found in Note 23.