annual report 2009 - bei der Hamborner REIT AG

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to our sHareHolders management report Financial statements supplementary inFormation in T€ Dec 31, 2008 Fair value available for sale/ derivatives 92 Hamborner reit ag | annual report 2009 Valuation in accordance with IAS 39 Valuation in accordance with other standards Continued activities, loans and receivables Continued activities held until final maturity Fair value Continued activities Assets Intangible assets 12 12 Tangible fixed assets Properties held as a financial 176 176 investment 223,342 223,342 Financial assets 38 38 Long-term other assets 366 3 363 Deferred tax assets 1,914 1,914 Short-term trade receivables and other assets 799 799 Income tax receivables 557 Bank deposits and cash balances 54,012 54,012 Non-current assets held for sale and assets from activities to be discontinued. 130 130 281,346 130 54,814 401 226,001 Liabilities Equity capital Long-term financial liabilities and trade accounts payable and other 160,050 160,050 liabilities 91,134 5,807* 83,575 1,752 Deferred tax liabilities 15,188 15,188 Provisions for pensions 5,780 5,780 Other long-term provisions 678 678 Short-term financial liabilities and trade accounts payable and other liabilities 5,577 557 4,898 679 Liabilities from taxes on income 660 660 Other short-term provisions 2,279 277 2,002 * Derivatives 281,346 5,807 88,750 0 678 186,111
The net result (profit +/loss -) from financial assets and liabilities is made up as follows: in T € 2009 2008 available for disposal 14 1,078 Derivatives 15 – 8 Liabilities at amortised acquisition cost – 4,607 – 2,343 (21) Deferred tax liabilities Deferred tax liabilities amount to €14,708,000 following €15,188,000 in the previous year. They relate quite predominantly to the special account with reserve characteristics under commercial and tax law. The decrease arises essentially from the change to this special account. (22) Liabilities from taxes on income Liabilities from taxes on income decreased by €258,000 to €402,000. They relate to business taxes for the year 2008 amounting to €160,000 as well as expected additional payment amounts for corporation tax and solidarity surcharge for the year 2009 at €242,000. (23) Trade accounts payable and other liabilities The trade accounts payable and other liabilities amount to a total of €5,953,000 as of December 31, 2009. Of this, €1,877,000 is payable within the next 12 months. The valuation increased by €344,000 overall compared with last year. The addition arises as the balance figure from the change in various single items. There are trade accounts payable amounting to €68,000 on the balance sheet date. The value is thus around €538,000 below the value for the previous year. The decrease is mainly attributable to the settlement of outstanding invoices for consultation services, which were shown under the trade accounts payable as of December 31, 2008. to our sHareHolders management report Financial statements supplementary inFormation (24) Provisions for pensions There are occupational pension scheme commitments for eligible current and former employees and surviving dependents. These commitments are performance-related commitments in accordance with IAS 19. The Projected Unit Credit Method forms the basis of the valuation of the provision. It is not just the pensions and purchased pension rights known on the balance sheet date that are taken into account with this project unit credit method, but also increases in salaries and pensions to be expected in the future. A normal retirement age of 62 or 63 years forms the basis for the determination of the provision. Expenses from the commitments are apportioned over the length of service of employees in accordance with expert actuarial opinion and consist of the work service costs and the actuarial profits or losses recorded for the current year, which are shown under personnel costs, as well as the interest expense, which has an influence on the financial result. Interest pay- ments from pension obligations amounted to €381,000 in 2009 (previous year: €375,000). Actuarial losses not yet entered on the balance sheet date amounting to €1,380,000 are disregarded for the avoidance of greater volatility in compliance with the corridor approach permitted in accordance with IAS 19 with the funding of pensions provisions. These losses are only taken into account in application of the corridor approach, in so far as they exceed the thresholds of the corridor defined in IAS 19 (10% of the "actual defined pension obligation"). The corridor threshold represents €698,000 on the balance sheet date. A corridor transgression of €682,000 follows from this for the year 2009, which should be apportioned over the expected average remaining working period of the bene- ficiaries. This pro rata loss, which is still not taken into account, should only be offset in the associated period in each case, in accordance with IAS 19. From this, an amount of €179,000 will be taken into account in 2010. Actuarial losses amounting to €80,000 have had an impact in the reporting year from the corridor transgression of the year 2008. annual report 2009 | Hamborner reit ag 93
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annual report 2009
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Property locations Trade: Meppen, A
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Launch of the special share fund as
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to our sHareHolders management repo
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Dividend development 0,40 € 0,35
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The REIT transformation has been wo
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Geldern Moers Duisburg Essen Krefel
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