Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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124 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 annual periods beginning on or after January 1, 2010. The changes resulting from the Improvement Process for 2009 have already been endorsed by the EU Commission. IAS 1 “Presentation of Financial Statements” IAS 7 “Statements of Cash Flow” IAS 17 “Leases” IAS 36 “Impairment of Assets” IAS 38 “Intangible Assets” IAS 39 “Financial Instruments: Recognition and Measurement” IFRS 2 “Share-based Payment” IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations” IFRS 8 “Operating Segments” IFRIC 9 “Reassessment of Embedded Derivatives” IFRIC 16 “Hedges of a Net Investment in a Foreign Operation” The IASB also made minor changes to the standards and interpretations shown below as part of the Annual Improvement Process for 2010; these have not yet been endorsed by the EU Commission. These changes are to be applied for annual periods beginning on or after January 1, 2011. IFRS 1 “First Time Adoption of International Financial Reporting Standards” IFRS 3 “Business Combinations” IFRS 7 “Financial Instruments: Disclosures” IAS 1 “Presentation of Financial Statements” IAS 27 “Consolidated and Separate Financial Statements” IAS 24 “Related Party Disclosures” IFRIC 13 “Customer Loyalty Programmes” With exception of the revised IAS 36 and IFRS 8, earlier application of the revisions to the standards and interpretations detailed above has not been chosen by the DOUGLAS Group and it does not believe these revisions will have a significant impact on the DOUGLAS Group’s net assets, financial position and results of operations. 3. Consolidation principles Scope of consolidation All of the German and foreign companies over which DOUGLAS HOLDING AG has direct or indirect control are fully consolidated in the consolidated financial statements. Subsidiaries are included in the consolidated financial statements from the date on which control is transferred to the Group. They are deconsolidated on the date on which control ceases. Major associated companies over which DOUGLAS HOLDING AG exerts significant influence are carried in the consolidated financial statements At-equity. Associated companies of minor importance for the consolidated financial statements are measured at cost.
Group of Consolidated Companies Germany Other countries Total As of October 1, 2009 47 35 82 Companies consolidated for the first time 1 2 3 Merged companies 1 2 3 As of September 30, 2010 47 35 82 With effect from December 1, 2009, the Books division acquired a further 24.7 percent shareholding in buch.de internetstores AG, Münster, which operates diverse Internet domains for the selling of books and media products. Thus, the shareholding interest increased from 35.5 percent to a total of 60.2 percent of capital stock. Accordingly, buch.de internetstores AG and its subsidiary, buch.ch AG based in Winterthur/Switzerland, have been included in full for the first time in the consolidated financial statements. The remaining non-controlling minority share is recognized in DOUGLAS HOLDING AG’s consolidated financial statements in the amount of 5.7 million Euro, which corresponds to the allocable net assets including hidden reserves and liabilities attributable to the minority shareholder. Moreover, the remaining 0.5 percent interest in Thalia Bücher AG, based in Basel/Switzerland, was acquired with effect from December 17, 2009. In the Fashion division, the remaining 25.0 percent interest in Reiner Appelrath-Cüpper Nachfolge GmbH, Cologne, was acquired with effect from October 1, 2009. In total, 8.4 million Euro was paid for the purchase of shares in buch.de internetstores AG in the past fiscal year and a total of 24.5 million Euro was paid for the purchase of the aforementioned acquisition of the minority share. The purchase prices were settled in cash. The acquisition of the additional shareholding interests in buch.de internetstores AG resulted in the capitalization of Internet domain names totaling 26.0 million Euro in the fiscal year under review as well as repurchased rights in the amount of 1.1 million Euro. Deferred tax liabilities were incurred in the amount of 8.7 million Euro. Furthermore, goodwill was recognized in the amount of 0.2 million Euro in the balance sheet. Goodwill arises from assets that are not capable of being individually identified and separately recognized from the acquired company. As part of the first time full consolidation of buch. de internetstores AG, income was incurred in the amount of 6.1 million Euro due to the revaluation of old shares held in buch.de internetstores AG and has been reported under other operating income. During the period in which the buch.de internetstores AG belonged to the Group, sales totaling 88.0 million Euro and earnings totaling 0.8 million Euro were recorded. Since October 1, 2009, buch.de internetstores AG generated sales of 104.1 million Euro and earnings of 0.9 million Euro. In the year under review, Buch Kaiser GmbH based in Karlsruhe was merged to Thalia Universitätsbuchhandlung GmbH with effect from October 1, 2009. In addition, Meissner Bücher AG based in Aarau/Switzerland, was merged to Thalia Bücher AG, Basel/Switzerland, with effect from July 1, 2010. 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 125
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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
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The data transferred is then automa
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The existing risks both as individu
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in most industrial countries, the s
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cialty retail stores forms a solid
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By relaunching its online presentat
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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 and 116: FINANCIAL STATEMENTS CONTENTS 112 F
Page 117 and 118: CONSOLIDATED INCOME STATEMENT for t
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: public sector have been expanded. T
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
Page 167 and 168: All financial liabilities existing
Page 169 and 170: Financial liabilities In the 2006/0
Page 171 and 172: There were no receivables from rela
Page 173 and 174: Expenses for auditor’s fees In ac
Page 175 and 176: Significant shareholdings No. Name
Page 177 and 178: 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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