Hornbach-Baumarkt-AG Group

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138 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet Other taxation liabilities include amounts for which the individual group companies are liable. Liabilities for social security contributions particularly include contributions yet to be remitted to the social security funds. In addition to the aforementioned items, other liabilities mainly include deposits and pledged funds, merchandise credits not yet redeemed, and amounts due for outstanding invoices. (26) Income tax receivables and liabilities The receivables and liabilities relating to taxes on income involve current tax liabilities / receivables and taxes, and tax risks relating to previous financial years. Current income tax provisions are offset against corresponding income tax refund claims, provided that they relate to the same tax jurisdiction and are identical as far as their type and their due date are concerned. Tax provisions for current income taxes mainly relate to corporate income tax (including the solidarity surcharge) and to trade tax. The “German act on fiscal measures accompanying the introduction of the European Company and amending further tax legislation (SEStEG)” came into force on December 13, 2006. Among other aspects, this act allows refunds of corporate income tax credits resulting from the retention of profit in accordance with previous corporation tax law requirements no longer to be linked to the distribution of profits. Furthermore, due to the 2010 Annual Tax Act, corporate income tax claims previously viewed as irrecoverable and amounting to a – discounted – total of € 3.0 million were recognized in the 2010/2011 financial year. The corporate income tax credits will be disbursed in ten equal amounts on September 30 of each year through to 2017. As of February 28, 2013, the HORNBACH-Baumarkt-AG Group had corporate income tax refund claims amounting to € 8.3 million in total (2011/2012: € 10.0 million), which have been recognized at a present value of € 8.1 million (2011/2012: € 9.7 million) under non-current and current income tax receivables. Reference is made to the information about deferred taxes included in Note 15 with regard to the deferred tax assets and liabilities recognized under non-current assets and non-current liabilities.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 139 (27) Other provisions and accrued liabilities Other provisions and accrued liabilities developed as follows in the 2012/2013 financial year: € 000s Opening balance at 3.1.2012 Utilization Reversals Additions Interest compounding Foreign currency translation Closing balance at 2.28.2013 of which: noncurrent Other provisions Personnel 7,740 2,583 126 2,505 116 0 7,652 7,652 Miscellaneous 20,169 6,429 1,158 7,231 15 (16) 19,812 13,938 27,909 9,012 1,284 9,736 131 (16) 27,464 21,590 Accrued liabilities Other taxes 842 46 12 100 0 (9) 875 0 Personnel 43,283 41,718 450 35,055 0 47 36,217 0 Miscellaneous 18,570 11,462 5,703 13,886 0 (7) 15,284 0 62,695 53,226 6,165 49,041 0 31 52,376 0 Total 90,604 62,238 7,449 58,777 131 15 79,840 21,590 Miscellaneous other current provisions mainly relate to provisions for customers’ expected utilization of their rights of return, recognized at € 1,605k (2011/2012: € 1,590k), for onerous contracts, at € 1,169k (2011/2012: € 1,305k), for clean-up agreements, at € 1,020k (2011/2012: € 780k), and for litigation risks, at € 926k (2011/2012: € 496k). Reference is made to Note 24 with regard to details of non-current provisions. Other taxes largely involve the deferral of land tax. The accrued liabilities for personnel obligations primarily relate to outstanding holiday entitlements, overtime, holiday pay, Christmas bonuses, and employee bonuses. Miscellaneous accrued liabilities relate in particular to the costs of gas, water, electricity, property duties and advertising, as well as to year-end expenses and legal advisory expenses.
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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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The workhorses There’s one area o
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GROUP MANAGEMENT REPORT Outlook 75
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82 GROUP MANAGEMENT REPORT Outlook
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84 GROUP MANAGEMENT REPORT Outlook
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