Annual Report 2001 - KSPG AG

84
Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG
Notes
Comments on the consolidated balance sheet
(7) Fixed-asset analysis
€million
1-1-2001
First-time
application
of IAS 39
Book
Changes
in
consolidation
Translation 12-31-
Additions Disposals transfers group
differences 2001 1-1-2001 Additions Disposals Write-up
Intangible assets
Development costs
and other internally created intangible assets 8.7 0.0 4.3 0.0 0.0 0.0 0.0 13.0 3.8 1.7 0.0 0.0 0.0 0.0 0.0 5.5 4.9 7.5
Concessions, franchises, industrial property rights and licenses 18.9 0.0 1.1 2.7 0.3 (2.6) 0.0 15.0 13.9 1.8 2.7 0.0 0.0 (2.6) 0.0 10.4 5.0 4.6
Goodwill 61.5 0.0 0.0 0.0 (0.5) (1.3) 0.4 60.1 18.4 2.3 0.0 0.0 (0.5) 0.3 0.4 20.9 43.1 39.2
Badwill from consolidation (6.6) 0.0 0.0 0.0 0.0 0.0 0.0 (6.6) (3.8) 0.0 0.0 (1.6) 0.0 0.0 0.0 (5.4) (2.8) (1.2)
Prepayments on intangibles 0.3 0.0 3.4 0.0 (0.3) 0.0 0.0 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 3.4
Tangible assets
Land, equivalent titles and buildings
82.8 0.0 8.8 2.7 (0.5) (3.9) 0.4 84.9 32.3 5.8 2.7 (1.6) (0.5) (2.3) 0.4 31.4 50.5 53.5
(incl. buildings on leased land) 330.7 0.0 2.5 0.5 2.6 (0.2) 0.7 335.8 118.5 11.5 0.2 0.0 0.0 0.0 0.1 129.9 212.2 205.9
Production plant and machinery 1,016.8 0.0 65.6 17.5 25.8 (0.7) 8.0 1,098.0 685.2 95.8 17.1 0.0 0.5 (0.8) 4.8 768.4 331.6 329.6
Other plant, factory and office equipment 248.9 0.0 37.8 24.3 8.5 (3.5) (2.1) 265.3 183.4 34.8 23.7 0.0 0.0 (3.1) (1.8) 189.6 65.5 75.7
Prepayments on tangibles, construction in progress 48.1 0.0 59.9 1.3 (36.4) (0.2) 0.4 70.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48.1 70.5
Financial assets
1,644.5 0.0 165.8 43.6 0.5 (4.6) 7.0 1,769.6 987.1 142.1 41.0 0.0 0.5 (3.9) 3.1 1,087.9 657.4 681.7
Shares in joint ventures 0.0 0.0 12.0 0.0 0.0 0.0 0.0 12.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12.0
Shares in associated affiliates 7.7 0.0 8.4 0.6 0.0 0.0 0.0 15.5 2.5 0.0 0.0 2.5 0.0 0.0 0.0 0.0 5.2 15.5
Other long-term securities 3.7 21.6 0.0 0.0 0.0 0.0 0.0 25.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.3 3.4 25.0
Other long-term loans 2.5 0.0 1.2 0.8 0.0 0.0 0.0 2.9 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2.4 2.8
13.9 21.6 21.6 1.4 0.0 0.0 0.0 55.7 2.9 0.0 0.0 (2.5) 0.0 0.0 0.0 0.4 11.0 55.3
Total 1,741.2 21.6 196.2 47.7 0.0 (8.5) 7.4 1,910.2 1,022.3 147.9 43.7 (4.1) 0.0 (6.2) 3.5 1,119.7 718.9 790.5
(8) Intangible assets The intangible assets mainly comprise
goodwill from consolidation, as well
as capitalized development costs.
In the year under review, research
expenses of €79.8 million were
incurred (up from €79.1 million).
Total amortization of intangible assets
of €5.8 million (down from €6.5 million)
includes write-down of €0.1 million
(up from €0 million). The badwill
was amortized to other operating income
at €1.6 million (up from €1.3
million).
Gross values Amortization/depreciation/write-down
Net values
Book
transfers
Changes
in
consolidation
group
(9) Tangible assets Depreciation in the period totaled
€142.1 million (down from €147.6
million) and includes write-down at
€1.3 million (down from €2.0 million).
Under an impairment test, one company
wrote down production plant and
machinery due to the closedown of
production lines which was approved
in a final restructuring plan.
Translation
differences
12-31-
2001
12-31-
2000
12-31-
2001
Encumbrances of €20.2 million (virtually
unchanged) rest on land and
buildings to collateralize long-term
investment loans. Moreover, production
plant and machinery of €9.7
million (up from €2.2 million) and
future fixed-asset additions of €4.0
million (down from €11.5 million)
were assigned as security for an investment
loan.
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