Technologies · Systems · Solutions - Dürr

Consolidated financial statements of Dürr AG
Consolidated balance sheets
of Dürr Aktiengesellschaft, Stuttgart, as of December 31, 2004 and 2003
Amounts in €k
Continuing operations Discontinued operations Dürr Group
77
Note 2004 2003 2004 2003 2004 2003
Assets
Non-current assets
Goodwill (18) 308,801 297,337 44,955 48,734 353,756 346,071
Other intangible assets (18) 36,335 32,099 2,229 5,783 38,564 37,882
Property, plant and equipment (18) 148,170 159,406 13,375 15,049 161,545 174,455
Investments in associates (19) 15,762 16,033 – – 15,762 16,033
Other financial assets 5,263 4,783 – – 5,263 4,783
Tax receivables 100 – – – 100 –
Deferred taxes (17) 44,955 49,435 2,938 4,082 47,893 53,517
Prepaid expenses 735 217 563 744 1,298 961
Current assets
560,121 559,310 64,060 74,392 624,181 633,702
Inventories and prepayments (20) 52,683 59,158 5,178 7,087 57,861 66,245
Trade receivables (21) 563,532 619,937 66,288 62,364 629,820 682,301
Tax receivables 5,022 5,093 101 – 5,123 5,093
Other receivables and other assets (22) 57,783 69,705 4,947 5,626 62,730 75,331
Cash and cash equivalents 46,448 194,898 5,023 4,961 51,471 199,859
Prepaid expenses 2,903 1,836 927 1,187 3,830 3,023
728,371 950,627 82,464 81,225 810,835 1,031,852
Total assets 1,288,492 1,509,937 146,524 155,617 1,435,016 1,665,554
Equity and liabilities
Subscribed capital (23) 36,603 36,603 – – 36,603 36,603
Capital reserve (23) 159,000 159,000 – – 159,000 159,000
Revenue reserves (23) 8,950 –2,722 35,987 41,936 44,937 39,214
Other comprehensive income (23) –13,688 –11,825 –4,477 –4,124 –18,165 –15,949
Equity without minority interests 190,865 181,056 31,510 37,812 222,375 218,868
Minority interests (24) 1,886 5,241 –11 7 1,875 5,248
Equity with minority interests
Non-current liabilities
192,751 186,297 31,499 37,819 224,250 224,116
Provisions for pension obligations (25) 51,258 50,126 383 – 51,641 50,126
Other provisions (26) 18,717 9,401 3,870 3,033 22,587 12,434
Bond (27) 186,471 – – – 186,471 –
Financial liabilities (27) 26,706 145,803 1,798 2,134 28,504 147,937
Internal financing –46,045 –47,980 46,045 47,980 – –
Tax liabilities (28) 288 246 4 – 292 246
Deferred taxes (17) 51,694 51,804 6,818 8,021 58,512 59,825
Deferred income 1,811 2,106 – – 1,811 2,106
290,900 211,506 58,918 61,168 349,818 272,674
Current liabilities
Other provisions (26) 101,716 120,404 5,764 6,462 107,480 126,866
Trade payables (28) 492,705 662,394 29,059 24,699 521,764 687,093
Financial liabilities (27) 85,279 160,809 382 740 85,661 161,549
Tax liabilities (28) 5,813 4,942 868 929 6,681 5,871
Other liabilities (28) 117,551 159,392 19,876 23,782 137,427 183,174
Deferred income 1,777 4,193 158 18 1,935 4,211
804,841 1,112,134 56,107 56,630 860,948 1,168,764
Total equity and liabilities 1,288,492 1,509,937 146,524 155,617 1,435,016 1,665,554
The accompanying notes are an integral part of these consolidated financial statements.