HOCHBAHN Annual Report 2015

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Appendix
of the HAMBURGER HOCHBAHN AKTIENGESELLSCHAFT as at 31 December 2015
General information
The Annual Financial Statements for the Hamburger Hochbahn Aktiengesellschaft
(HOCHBAHN) for 2015 have been drawn up according to the regulations of the German
Commercial Code (HGB). In addition, the regulations of the German Stock Corporation
Law have been adhered to. Pursuant to § 291 HGB (German Commercial Code), the
Hamburger Hochbahn Aktiengesellschaft has exercised its right to waive the issuing of
its own Group Financial Statements with Appendix and Group Management Report. The
Group Financial Statements and Group Management Report which justify the waiver will
be drawn up and published by our parent company, HGV Hamburger Gesellschaft für
Vermögens- und Beteiligungsmanagement mbH, Hamburg.
For better clarification, some Balance Sheet and Statement of Income items have been
combined and are shown separately in the Appendix. Notes to the Balance Sheet and
Statement of Income are also shown in the Appendix for reasons of clarification. Pursuant
to § 265 Par. 5 HGB, we have further subdivided the Fixed Assets Movement Schedule of
the HOCHBAHN. The HOCHBAHN has structured the Annual Financial Statements in line
with the “Regulation concerning the Arrangement of Financial Statements for Transport
Companies” (BGBI, Part 1, 1968) in conjunction with the First Ordinance amending the
Regulation concerning the Arrangement of Financial Statements for Transport Companies
(BGBI, Part I, 1988, p. 1057). The total expenditure type of presentation was used for the
Statement of Income. The financial year is the calendar year.
Accounting and valuation principles
The assets and liabilities have been valued according to the same methods as in the
previous year.
Intangible assets and property, plant and equipment have been valued at purchasing or
manufacturing costs less public subsidies and depreciations. In addition to directly
assignable costs, proportional overheads have been included in the company’s own
manufacturing costs for plant and facilities. Long-term fixed cost items included in the
overheads have been eliminated by the deduction of a percentage amount.
Depreciations have been calculated for the normal periods prescribed for operation
according to our own experience and good practice and the guidelines drawn up for
public transport operators. With the exception of U-Bahn rolling stock and buses, calculations
for assets acquired after 30 June 1997 have generally been based on the depreciation
table for “Passenger and goods transport (by road and rail)” issued by the Ministry of
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