Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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112 Financial statements Facts & figures Consolidated income statement Consolidated balance sheet Statement of changes in Group equity Segment reporting Consolidated Cash Flow statement Notes Notes to the income statement Notes to the balance sheet Auditor’s report FACTS & FIGURES Facts & figures 2009/10 2008/09 Change (in %) Sales EUR m 3,320.8 3,200.8 3.7 National EUR m 2,168.2 2,071.5 4.7 International EUR m 1,152.6 1,129.3 2.1 EBITDA EUR m 286.9 255.0 12.5 Margin in % 8.6 8.0 − EBT before closing costs 1) EUR m 131.2 127.6 2.8 Margin in % 4.0 4.0 − EBT EUR m 131.2 103.9 26.3 Margin in % 4.0 3.2 − Net income for the year EUR m 76.1 62.8 21.2 09/30/2010 09/30/2009 Non-current assets EUR m 792.1 798.8 −0.8 Current assets EUR m 886.8 889.8 −0.3 Equity EUR m 764.8 710.9 7.6 Non-current liabilities EUR m 113.8 129.7 −12.3 Current liabilities EUR m 827.6 848.0 −2.4 Balance sheet total EUR m 1,713.4 1,688.6 1.5 Free Cash Flow EUR m 88.2 84.5 − Capital expenditure EUR m 117.5 112.3 4.6 Working Capital EUR m 418.1 455.0 −8.1 Net bank debt EUR m 124.0 165.3 −25.0 1) 2008/09: closing costs of 23.7 EUR m
CONSOLIDATED INCOME STATEMENT for the period from October 1, 2009 to September 30, 2010 Income statement Notes 10/01/2009 to 09/30/2010 (in EUR m) 10/01/2008 to 09/30/2009 (in EUR m) 1. Sales 6 3,320.8 3,200.8 2. Cost of raw materials, consumables and supplies and merchandise −1,749.5 −1,683.5 3. Gross profit from retail business 7 1,571.3 1,517.3 4. Other operating income 8 211.7 207.5 5. Personnel expenses 9 −720.3 −698.3 6. Other operating expenses 10 −776.1 −772.0 7. Income from other investments in associates 11 0.0 0.3 8. Income from other investments 11 0.3 0.2 9. EBITDA 286.9 255.0 10. Amortization/depreciation 12 −145.2 −138.9 11. EBIT 141.7 116.1 12. Financial income 3.0 5.8 13. Financial expenses −13.5 −18.0 14. Financial results 13 −10.5 −12.2 15. Earnings before taxes (EBT) 131.2 103.9 16. Income taxes 15 −55.1 −41.1 17. Net income for the year 76.1 62.8 18. Profit attributable to non-controlling interests −0.2 0.0 19. Profit attributable to the Group shareholders 75.9 62.8 (in EUR) (in EUR) Earnings per share 24 1.93 1.60 STATEMENT OF COMPREHENSIVE INCOME Statement of comprehensive income 10/01/2009 to 09/30/2010 (in EUR m) 10/01/2008 to 09/30/2009 (in EUR m) Net income for the year 76.1 62.8 Foreign currency translation differences arising from translating the financial statements of a foreign operation 1.8 −12.0 Effective portion of net investment hedges 3.1 1.0 Effective portion of Cash Flow hedges 0.3 −1.5 Total comprehensive income 81.3 50.3 Total comprehensive income attributable to Group shareholders 81.0 50.3 Total comprehensive income attributable to non-controlling interests 0.3 0.0 Financial statements Facts & figures Consolidated income statement Consolidated balance sheet Statement of changes in Group equity Segment reporting Consolidated Cash Flow statement Notes Notes to the income statement Notes to the balance sheet Auditor’s report 113
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Annual Report 2009/10 Excellence in
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U3 DOUGLAS HOLDING AG 1 DOUGLAS HOL
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MISSION STATEMENT DOUGLAS HOLDING A
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to within the foreseeable future. A
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CORPORATE GOVERNANCE DOUGLAS HOLDIN
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167 168 component of the Chief Huma
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Dr. Dr. h.c. Jörn Kreke, Chairman
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Fig. 3 Fig. 2 · Maximum and minimu
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from Executive Board speeches as we
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IMPRESSIONS October 2009 With Dougl
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June 2010 Hussel pilots a “new wo
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DOUGLAS HOLDING AG 19 Mission State
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Valued for their reading tips: Mari
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seminar at the Zeppelin University
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DOUGLAS HOLDING AG Mission Statemen
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MANAGEMENT REPORT CONTENTS Manageme
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KEY RESULTS IN THE 2009/10 FISCAL Y
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All five retailing divisions combin
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Fig. 1 · Targets and results Targe
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ahead at the positive economic outl
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In the fiscal year, Douglas opened
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The operating earnings in the Books
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Fig. 6 · Development of capital ex
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lining, which had a liquidity effec
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DOUGLAS HOLDING AG The DOUGLAS HOLD
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INTERNAL CONTROL SYSTEM AND KEY SUC
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DVA calculation Based on the premis
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Fig. 14 · Employees by division Ch
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development of highly qualified emp
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Corporate responsibility is also an
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“La Margerita” in organic quali
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Information technology opportunitie
Page 65 and 66: The data transferred is then automa
Page 67 and 68: The existing risks both as individu
Page 69 and 70: in most industrial countries, the s
Page 71 and 72: cialty retail stores forms a solid
Page 73 and 74: By relaunching its online presentat
Page 75 and 76: DIVISIONS CONTENTS 72 Perfumeries 8
Page 77 and 78: THE WORLD OF BEAUTY First, the good
Page 79 and 80: Nowy Sa˛ cz, Poland, October 2009
Page 81 and 82: Natalia Wörner and Michael Michals
Page 83 and 84: showpiece: “Hilfiger Woman” - a
Page 85 and 86: Stress-free shopping: Douglas - her
Page 87 and 88: Established the first-ever Douglas
Page 89 and 90: Austria’s first multi-channel boo
Page 91 and 92: Divisions Thalia · Books 87 Tradit
Page 93 and 94: Thalia in Figures employees, who su
Page 95 and 96: Capturing the imaginations of Dortm
Page 97 and 98: Pear shape Round brilliant shape Pr
Page 99 and 100: Nadia Iram Christ, Frankfurt (Zeil)
Page 101 and 102: Christ: more than ever before. Empl
Page 103 and 104: FASHIONS, TOP BRANDS, MULTI-CHANNEL
Page 105 and 106: Whether her style is casual or clas
Page 107 and 108: merchandising program, enabling App
Page 109 and 110: During the 2009/10 financial year H
Page 111 and 112: Impeccably showcased products: the
Page 113 and 114: Hussel in Figures Aschaffenburg is
Page 115: FINANCIAL STATEMENTS CONTENTS 112 F
Page 119 and 120: STATEMENT OF CHANGES IN GROUP EQUIT
Page 121 and 122: Financial statements Facts & figure
Page 123 and 124: NOTES TO THE CONSOLIDATED FINANCIAL
Page 125 and 126: IAS 23 “Borrowing Costs” In Mar
Page 127 and 128: public sector have been expanded. T
Page 129 and 130: Group of Consolidated Companies Ger
Page 131 and 132: At-equity consolidation 09/30/2010
Page 133 and 134: 5. Accounting and valuation princip
Page 135 and 136: Financial assets denominated in a f
Page 137 and 138: issued for speculative purposes. De
Page 139 and 140: NOTES TO THE INCOME STATEMENT 6. Sa
Page 141 and 142: 11. Investment result In the previo
Page 143 and 144: 15. Income taxes Income taxes 2009/
Page 145 and 146: Intangible assets - Fiscal year 200
Page 147 and 148: Property, plant and equipment - Fis
Page 149 and 150: Finance leases As of the balance sh
Page 151 and 152: Carrying amounts of goodwill and in
Page 153 and 154: accounts. The write-downs on trade
Page 155 and 156: 23. Assets and liabilities held for
Page 157 and 158: of the fiscal year, which are then
Page 159 and 160: essary information, this plan is qu
Page 161 and 162: Statement of changes in current pro
Page 163 and 164: Cash and cash equivalents are compr
Page 165 and 166: 31. Fair Values of financial instru
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All financial liabilities existing
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Financial liabilities In the 2006/0
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There were no receivables from rela
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Expenses for auditor’s fees In ac
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Significant shareholdings No. Name
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Prof. Dr. Mark Wössner Entrepreneu
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FURTHER INFORMATION CONTENTS 176 Ov
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Overview of the past several years
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Fair Value Amount at which an asset
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www.douglas.de www.thalia.de · www
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Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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