annual report 2009 - bei der Hamborner REIT AG

The following fees for the appointed statutory
auditor were entered as expenditure in the financial
year:
in T€ 2009 2008
Audit of financial statements 71 71
Other confirmation services 10 10
Tax consultancy services 124 52
Other services 16 24
Total 221 157
(3) Personnel costs/employees
Personnel costs fell by €233,000 overall compared
with the previous year. Whereas wages and salaries
decreased by €293,000, social security contributions
and the expenditure for the pension scheme
increased by €60,000. The main reason for the
decrease in the salary expenses is a lump-sum
settlement to a retired member of the Managing
Board included in the previous year.
in T€ 2009 2008
Wages and salaries 2,306 2,599
Social security and other
pension costs 262 258
Expenditure for pension
scheme/pension costs 172 116
Total 2,740 2,973
(4) Amortisations of intangible assets,
tangible fixed assets and properties held
as a financial investment
Amortisations in 2009 were below the value for
the previous year by €2,989,000 and amounted to
€7,268,000 . Of this, €7,228,000 is apportionable
to "properties held as a financial investment". This
includes non-scheduled depreciations amounting
to €714,000 due to the adjustment of the residual
book values shown as of Dec 31, 2009 to the
applicable fair values.
to our sHareHolders management report Financial statements supplementary inFormation
(5) Other operating income
in T€ 2009 2008
Income from the disposal
of investments 677 11,223
Reversal of impairment
adjustment 1,266 945
Write-ups of discounted
housing loans 1 1
Remaining other operating
income
Receipt of indemnifications
and reimbursements 20 144
Release of provisions 64 66
Charges passed on to tenants
and leaseholders 66 55
Pension liability insurance 4 3
Other 30 38
Total 184 306
Total 2,128 12,475
The income from the disposal of investments in the
reporting year consists of an earnout amounting to
€548,000 for the sale completed in 2008 of our
shares in Wohnbau Dinslaken GmbH as well as from
the sale of shares in Montan GmbH amounting to
€129,000. The difference between book value and
fair value was already entered in the revaluation
reserve in the previous year. The reversal of impairment
adjustment arises from the adjustment of prop-
erties subjected to a non-scheduled write-down in
previous years to the fair values determined by an
expert as of Dec 31, 2009.
(6) Other operating expenses
The other operating expenses amount to €872,000
and are thus €715,000 below the value for the previous
year. This decrease results mainly from a
reduction in the legal and consultancy costs affected
by special transactions in the previous year to the
extent of €594,000 as well as from the lower allocation
to the subsidence provision by €174,000
year-on-year.
annual report 2009 | Hamborner reit ag
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