Hornbach-Baumarkt-AG Group

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126 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 2.29.2012 € 000s Carrying amount of which: neither impaired nor overdue of which: not impaired, but overdue within the following time bands (days) < 60 61-90 91-180 > 180 Trade receivables 6,973 5,182 996 190 335 49 Receivables from affiliated companies 859 859 Positive fair values of derivative financial instruments 2 2 Other receivables and assets 35,400 33,142 1,372 165 78 185 43,234 39,185 2,368 355 413 234 Allowances for trade receivables and for other receivables and assets developed as follows: € 000s Trade receivables Other receivables and assets 2012/2013 2011/2012 2012/2013 2011/2012 Allowances at March 1 521 322 728 911 Utilization 123 175 192 444 Reversals 99 62 374 122 Additions 264 433 462 381 Foreign currency translation (3) 3 (2) 2 Allowances at end of financial year 560 521 622 728 The complete retirement of receivables resulted in expenses of € 494k (2011/2012: € 336k). The receipt of receivables already derecognized resulted in income of € 55k (2011/2012: € 74k). (18) Cash and cash equivalents 2.28.2013 2.29.2012 € 000s € 000s Cash balances at banks 300,749 386,651 Checks and cash on hand 16,429 17,599 317,178 404,250
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 127 (19) Non-current assets held for sale and disposal groups This item includes assets which are highly likely to be sold in the coming financial year. In the 2012/2013 financial year, three pieces of land were reclassified at an amount of € 1,319k out of property, plant and equipment. Of these, one property was already sold in the current financial year. The gain generated from the piece of land sold in the financial year under report has been recognized under other income from non-operating activities. As in the previous year, no impairment losses were recognized on non-current assets held for sale in the year under report. (20) Shareholders’ equity The development in the shareholders’ equity of the HORNBACH-Baumarkt-AG Group is shown in the statement of changes in group equity for the 2012/2013 and 2011/2012 financial years. Share capital In the 2011/2012 financial year, the Annual General Meeting of HORNBACH-Baumarkt-AG on held on July 7, 2011 decided, among other items, to increase the company's share capital by issuing bonus shares from company funds. As a result of the issue of bonus shares at a ratio of 1:1, the number of shares in HORNBACH- Baumarkt-AG doubled. By converting a partial amount of € 47,710,500 of the revenue reserves reported in the company's annual balance sheet as of February 28, 2011 into share capital, the share capital doubled to € 95,421,000. It is divided into 31,807,000 individual shares with a prorated nominal amount € 3.00 per share. The bonus shares enjoy dividend entitlement from March 1, 2011. The Annual General Meeting held on July 7, 2011 resolved the creation of Authorized Capital I and Authorized Capital II in line with the following provisions: • The Board of Management is authorized until July 7, 2016, subject to approval by the company’s Supervisory Board, to increase the company’s share capital by up to € 15,000,000 by means of a single or repeated issue of new shares – ordinary shares with voting rights or non-voting preference shares – in exchange for cash contributions (Authorized Capital I). Shareholders’ subscription rights may be excluded in specified circumstances. • The Board of Management is authorized until July 7, 2016, subject to approval by the company’s Supervisory Board, to increase the company’s share capital by up to € 30,000,000 by means of a single or repeated issue of new shares – ordinary shares with voting rights or non-voting preference shares – in exchange for cash or non-cash contributions (Authorized Capital II). Shareholders’ subscription rights may be excluded in specified circumstances. Total authorized capital therefore amounts to € 45,000,000, equivalent to 47.16% of the current share capital (2011/2012: 47.16%). On the basis of a resolution adopted by the Board of Management on August 13, 2012, the employees of HORNBACH-Baumarkt-AG and its foreign subsidiaries were offered employee shares at a preferential price of € 13.00 per share. A total of 37,360 shares were acquired via the stock exchange at an average price of € 24.67 and subsequently assigned to employees. An amount of € 18k was recognized in equity to account for the difference (€ 0.47) between the acquisition price and the stock market price upon the date on which the
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Hornbach-Baumarkt-AG Group Annual R
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Key Group, Financial and Operating
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Time and Space Those are the dimens
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COMPANY PROFILE 7 Germany. The net
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10 TO OUR SHAREHOLDERS TO OUR SHARE
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12 REPORT OF THE SUPERVISORY BOARD
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14 REPORT OF THE SUPERVISORY BOARD
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16 DIRECTORS & OFFICERS DIRECTORS &
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The timesavers Got the internal fit
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CORPORATE GOVERNANCE 21 of its Boar
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CORPORATE GOVERNANCE 23 worked with
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CORPORATE GOVERNANCE 25 Dates of re
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CORPORATE GOVERNANCE 27 to a member
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30 THE HORNBACH-BAUMARKT SHARE THE
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32 THE HORNBACH-BAUMARKT SHARE Key
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The workhorses There’s one area o
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GROUP MANAGEMENT REPORT Macroeconom
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GROUP MANAGEMENT REPORT Macroeconom
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GROUP MANAGEMENT REPORT Sales Perfo
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GROUP MANAGEMENT REPORT Asset Situa
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GROUP MANAGEMENT REPORT Non-Financi
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GROUP MANAGEMENT REPORT Corporate R
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GROUP MANAGEMENT REPORT Corporate R
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GROUP MANAGEMENT REPORT Risk Report
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GROUP MANAGEMENT REPORT Other Discl
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Hornbach-Baumarkt-AG Group

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