32 - Drees & Sommer

Group operating result 2010
Profit & loss statement
1. Sales
2. Change in work in progress
3. Other operating income
4. Expenditure for purchased services
5. Personnel expenses
a) Wages and salaries
b) Social security costs and pension fund
6. Depreciation
7. Other operating expenses
8. Income from shareholdings
9. Income from other securities and from long-term loans
10. Interest and similar expenses
11. Operating result
12. Extraordinary expenditure
13. Taxes on income and earnings
14. Other taxes
15. Net income
16. Profit owing to external shareholders (regional Managing Directors)
17. Profit brought forward
18. Changes in equity as the result of purchase or sale of own shares
19. Group balance sheet profit
114,511,369
25,903,216
6,121,128
28,353,678
73,738,021
65,995,788
7,742,233
3,132,494
28,380,933
53,010
627,314
430,022
5,260,776
71,682
(in Euros)
146,535,713
133,605,127
250,302
13,180,888
111,742
5,332,458
7,736,688
64,360
1,805,903
–2,456,142
7,150,809
Profit & loss statement
Group sales grew by just under €1 million to €146.5 million (prior year €145.6 million). Expenditure
increased by €0.4 million during the year under report to €133.6 million (prior year €133.2 million).
The operating result increased by €0.8 million to €13.2 million, net income was €7.7 million.
Balance sheet
The transfer of the balance sheet profit of €7.2 million results – with subscribed capital, capital
reserves and revenue reserves – in equity of €22.8 million. The equity ratio is 32 percent.
The accruals for pensions, taxation and remuneration have increased by €4.7 million to €30.6
million. On the other hand, liabilities, such as trade payables to suppliers and subcontractors
and payments received on account of orders have fallen by €29.7 million to €17.3 million.
This results in a balance sheet total for 2010 of €70.8 million (prior year €104.0 million).
The reduction is largely attributable to the passing of the (German) Accounting Law Modernisation
Act (BilMoG).
Balance sheet
Assets (in Euros)
A. Fixed assets
I. Intangible assets
4,740,726
1. EDP software, licenses
751,188
2. Good will resulting from capital consolidation 3,989,538
II. Tangible assets
4,162,489
1. Other assets, operating equipment, fixtures and fittings 4,162,489
III. Financial assets
6,984,986
1. Shareholdings
2,004,071
2. Other securities lending
4,980,915
B. Current assets
I. Inventories
1. Work in progress
./. Advances received
II. Receivables and other assets
1. Trade receivables
2. Receivables from shareholdings
3. Other assets
III. Securities
1. Other securities
IV. Checks, cash on hand, cash in banks
C. Prepaid expenses (other)
D. Prepaid taxes
Balance sheet total
Sales in € million
0
101,907,960
101,907,960
27,675,617
22,723,949
292,170
4,659,498
290,977
290,977
25,535,251
109.7 120.4 136.9 145.6 146.5
2006 2007 2008 2009 2010
219,740
1,165,000
70,774,784
Liabilities
A. Equity
(in Euros)
I. Subscribed capital
6,074,336
Less nominal value of own shares
–373,794
II. Capital reserves
10,002,332
III. Revenue reserves
98,104
IV. Net income
7,150,809
V. Change in equity due to exchange rate difference –213,739
VI. Minority interests
54,919
22,792,967
B. Accruals
1. Accruals for pensions
2. Provisions for taxation
3. Other accruals
C. Liabilities
1. Payments received on account of orders
2. Trade payables
3. Liabilities to shareholdings
4. Other liabilities
D. Deferred income (other)
Balance sheet total
Operating result in € million
4,639,233
5,064,311
20,869,683
30,573,227
85,682
10,969,525
32,433
6,163,452
17,251,091
9.5 11.1 12.3 12.4 13.2
2006 2007 2008 2009 2010
157,500
70,774,784
146.5
Sales in
€ million
13.2
Operating
result in
€ million
32 %
Equity ratio
1,125
Employees
32
Offices