Hornbach-Baumarkt-AG Group

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132 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet In addition to existing current account liabilities at normal market conditions and the bond issued in the year under report, the Group also has non-current liabilities to banks. These consist of the following items: 2012/2013 financial year Currency Interest agreement in % (including swap) Maturity Amount 2.28.2013 € 000s Loans EUR 4.86 2016 79,682 CZK 4.83 2015 19,306 Mortgage loans EUR 4.70 to 6.36 2013 to 2019 21,647 CZK 5.08 2018 6,801 127,436 2011/2012 financial year Currency Interest agreement in % (including swap) Maturity Amount 2.29.2012 € 000s Loans EUR 4.86 2016 79,603 CHF 3.78 2015 21,821 CZK 4.83 2015 19,896 Mortgage loans EUR 4.56 to 6.36 2013 to 2019 42,428 CZK 5.08 2018 8,294 172,042 Non-current liabilities to banks either have fixed interest rates, or have floating interest rates based on the short-term Euribor, or a corresponding foreign currency Ibor, plus a bank margin. Bank margins still amount to between 0.45 and 2.75 percentage points. Interest swaps have been concluded to secure the interest rate on non-current liabilities with floating interest rates. These enable the interest payments to be secured on those loans which could have a significant influence on the Group's annual earnings.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 133 Transition of future leasing payments to the liabilities from financial leasing contracts: € 000s Maturities 2.28.2013 Current Non-current Non-current Total < 1 year 1-5 years > 5 years Liabilities in connection with finance leases 223 1,059 0 1,282 Interest component 79 150 0 229 Total lease payments to be made in future 302 1,209 0 1,511 € 000s Maturities 2.29.2012 Current Non-current Non-current Total < 1 year 1-5 years > 5 years Liabilities in connection with finance leases 192 989 293 1,474 Interest component 85 219 9 313 Total lease payments to be made in future 277 1,208 302 1,787 (23) Pensions and similar obligations As a result of legal requirements in individual countries and individual commitments made to members of its Board of Management, the HORNBACH-Baumarkt-AG Group has obligations relating to defined benefit and defined contribution pension plans. Apart from payment of contributions, the defined contribution plans do not involve any further obligations on the part of the HORNBACH-Baumarkt-AG Group. The total of all defined contribution pension expenses amounted to € 41,922k in the 2012/2013 financial year (2011/2012: € 39,126k). Of this total, an amount of € 25,663k involved the employer’s share of contributions to the state pension scheme in Germany (2011/2012: € 23,878k). In the case of defined benefit plans, a distinction is made between pension plans financed by provisions and those financed by funds. The HORNBACH-Baumarkt-AG Group has one fund-financed pension plan which is financed via an external pension provider. This pension plan is due to legal requirements in Switzerland, and grants old-age, invalidity and fatality pensions and payments. The employee covers 35% of the premiums to be paid for the savings balances, as well as further clearly defined costs. The remaining expenses are covered by the employer. Risk and cost premiums are calculated by the insurance company on an individual basis and reassessed each year. Since the 2011/2012 financial year, HORNBACH-Baumarkt-AG has undertaken to provide members of its Board of Management with a fund-financed pension plan. This model offers the opportunity of increasing pension claims, while the company simultaneously guarantees a minimum return of 2% p.a. for members of its Board of Management. The assets contributed by the company or additionally paid in by members of the Board of Management are held in a fiduciary capacity and invested in funds by Allianz Treuhand GmbH, Frankfurt am Main. The scope of obligation towards plan beneficiaries has been set in each case at a maximum of the fund assets and the total amount of contributions paid, including the guaranteed return. To this end, 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 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 Risk Report
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GROUP MANAGEMENT REPORT Other Discl
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GROUP MANAGEMENT REPORT Outlook 75
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