Gb08_engl Umschlag:GB 2005 - DVFA

42
DVFA GmbH annual financial statements
Balance Sheet_
Balance Sheet
as at 31 December 2008 (in EUR)
ASSETS 2008 2007
EUR EUR
Fixed Assets 213,730.51 254,743.51
Current Assets 3,161,592.40 3.327.399,72
of which
treasury stocks 0.00 450,000.00
Accruals 23,092.14 22,081.13
Total Assets 3,398,415.05 3,604,224.36
The 2008 financial statements mark the close of the company’s 18th year. Total assets
declined by EUR 206k year-on-year, to EUR 3,398k. Fixed assets were reduced through
scheduled depreciation by EUR 41k to EUR 214k. Current assets were down EUR 166k.
Shares were cancelled in the amount of EUR 450k. Receivables and other assets increased
by EUR 79k and cash and liquid securities were EUR 205k higher.
Equity declined to EUR 1,893k, through liquidation of the reserve for own shares in the
amount of EUR 450k and retention of the EUR 182k net profit. The equity ratio is now at
56%. Provisions were down by EUR 69k. Liabilities increased by EUR 55k. The amount
recognized under accruals and deferred income was EUR 77k higher at EUR 319k, and
stems from training program fees received in 2008 for courses to be held in 2009.
LIABILITIES 2008 2007
EUR EUR
Subscribed Capital 30,677.51 30,677.51
Profit Accrurals for own
participating interests 0.00 450,000.00
Retained Earnings 1,680,625.65 1,371,607.90
Net Profit 181,856.96 309,017.75
Equity Capital 1,893,160.12 2,161,303.16
Provisions 928,033.97 997,521.27
Liabilities 258,381.96 203,814.93
Accruals 318,839.00 241,585.00
Total Assets 3,398,415.05 3,604,224.36