AT&S World

Consolidated Financial Statements as of 31 March 2011
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IV. Notes to the Consolidated Income Statement
1. Revenue
Financial year
(in EUR 1,000) 2010/11 2009/10
Main revenue 487,668 371,950
Incidental revenue 280 234
487,948 372,184
2. Types of expenses
The expense types of cost of sales, selling expenses and general
and administrative costs are as follows:
Financial year
(in EUR 1,000) 2010/11 2009/10
Cost of materials 194,644 144,594
Personnel expenses 100,898 84,715
Depreciation/amortisation 49,350 43,011
Purchased services incl. leased personnel 30,843 21,902
Energy 28,082 22,126
Maintenance (incl. spare parts) 26,495 18,879
Transportation costs 10,030 6,891
Rental and leasing expenses 5,072 4,861
Change in inventories (13,469) 5,094
Other 13,117 11,786
445,062 363,859
In the financial years 2010/11 and 2009/10, the item “other” mainly
relates to travel expenses, insurance expenses, IT service costs
as well as legal and consulting fees.
3. Research and development costs
The Group incurred research and development costs in the
amount of TEUR 28,313 and TEUR 20,681 in the financial years
2010/11 and 2009/10, respectively. The above amounts represent
only costs which can be directly allocated and which are recognised
as expenses in cost of sales.
4. Other operating result
Financial year
(in EUR 1,000)
Income from the reversal of
2010/11 2009/10
government grants 146 758
Government grants for costs*)
Expenses/income from
11,263 1,844
foreign exchange differences
Losses from the sale of
(4,389) (104)
non-current assets
Impairments of property, plant
(431) (391)
and equipment**) (23) (95)
Start-up losses***) (1,718) (295)
Miscellaneous other income 1,474 929
6,322 2,646
*) The government grants for costs relate to export compensations as well as research
and development awards.
**) Reference is made to Note 8 “Property, plant and equipment”.
***) The start-up losses in 2010/11 and 2009/10 are due to the construction of the
second plant in India.
In the financial years 2010/11 and 2009/10, the item “miscellaneous
other income” mainly relates to subsequent incoming
receivables and the derecognition of other liabilities written off.
5. Non-recurring items
Non-recurring items include the following:
Financial year
(in EUR 1,000) 2010/11 2009/10
Impairments of intangible assets
Impairments of property, plant
– (193)
and equipment (43) (16,738)
Personnel expenses
Net costs arising from other contractual
(2,430) (11,852)
obligations (204) (7,750)
(2,677) (36,533)
The non-recurring items in the financial year 2010/11 include
TEUR 1,952 staff costs in connection with the early termination
of a managing director’s contract and include expenses for severance
pay, leaving indemnity, retirement entitlements and other
claims. The other non-recurring expenses were incurred for the
closure of the Vienna location.