Business Report 2005 - Interseroh

(39) Events after the closing date
No events that would be of importance to the assessment of the financial, earnings and liquidity
position and the payment flows of INTERSEROH AG occurred by 20 February 2006 (date of release
of the consolidated financial statements by the Management Board for handover to the Supervisory
Board).
(40) Explanations on change to IFRS
As mentioned in the introduction, these consolidated financial statements are the first “mandatory”
consolidated financial statements to be prepared according to IFRS. To determine the comparative
figures for the previous year, it was necessary to prepare an IFRS opening balance sheet as of 1
January 2004 on the basis of the consolidated financial statements as of 31 December 2003 prepared
according to HGB.
The following table and subsequent explanations describe the main effects of the change to
IFRS for the balance sheet items concerned both in the IFRS opening balance sheet as of 1 January
2004 and in the IFRS consolidated balance sheet for the previous year as of 31 December 2004 and
also for the items concerned in the consolidated income statement for 2004.
01.01.2004 31.12.2004
HGB Transition IFRS HGB Transition IFRS
EUR EUR EUR EUR EUR EUR
Note million million million million million million
Long-term assets
Intangible assets a. c 20.53 0.73 21.26 16.08 5.25 21.33
Goodwill a 18.90 0.00 18.90 14.76 4.61 19.37
Other intangible assets c 1.63 0.73 2.36 1.33 0.63 1.96
Property, plants and equipment b. c. d 50.12 5.63 55.75 46.44 6.27 52.71
Holdings valued at equity 4.65 0.00 4.65 6.43 0.00 6.43
Financial assets 587 0.00 5.87 4.80 0.00 4.80
Other receivables f. i 1.59 -1.39 0.20 2.18 -2.02 0.16
Deferred tax claims i 1.20 9.05 10.25 1.44 7.61 9.05
Short-term assets
Inventories
83.96 14.02 97.98 77.38 17.10 94.48
Trade accounts receivable e 29.00 0.00 29.00 41.07 1.40 42.47
Financial assets 105.19 0.22 105.41 132.20 -0.07 132.13
Other receivables 0.25 0.08 0.33 0.25 0.02 0.27
Current income tax claims f 7.89 -0.35 7.54 8.58 -0.38 8.20
Cash and cash equivalents 0.94 0.00 0.94 2.67 0.00 2.67
26.65 0.00 26.65 31.23 0.00 31.23
Total assets 169.92 -0.05 169.87 216.00 0.97 216.97
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