Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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126 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 As of March 31, 2010, the newly formed company, OOO Parfümerie International Company based in Moscow/Russia was included for the first time in the consolidated financial statements. The Estonian subsidiary, OU Douglas Estonia, was liquidated in February 2010 and was removed from the scope of consolidation. Changes to the consolidated Group Additions (in EUR m) Disposals (in EUR m) Net amount (in EUR m) Intangible assets 31.7 0.0 31.7 Fixed assets 0.8 0.0 0.8 Deferred Taxes 4.5 0.0 4.5 Inventories and other assets 20.2 0.0 20.2 Cash and cash equivalents 3.0 0.0 3.0 Provisions 3.0 0.0 3.0 Deferred Taxes 9.3 0.0 9.3 Liabilities 8.5 0.0 8.5 The gross value of the contractual receivables acquired amounted to 20.6 million Euro, with a Fair Value of 19.5 million Euro. An amount of 1.1 million Euro will most probably be uncollectible and was not recognized in the consolidated financial statement of DOUGLAS. As of the prior year’s balance sheet date, only a 35.5 percent stake was held in buch.de internetstores AG. Therefore, buch.de was included At-equity on the basis of the interim financial report as of September 30, 2009 in the consolidated financial statements on that date. Based on the share price as of September 30, 2009, there was an allocable Fair Value of 14.8 million Euro as of the prior year’s balance date. The equity method was not applied for six companies (including one foreign company) as these are of minor importance for the DOUGLAS Group’s net assets, financial position and result of operations. These are carried at cost. Due to the business volume, these companies do not prepare interim financial statements. Therefore, information on assets, liabilities and earnings does not exist as of the balance sheet date. These investments encompass companies whose services are used by the DOUGLAS Group in individual cases as well as a company with confectionery stores in Portugal. The Fair Value of these companies cannot be reliably measured. The balance sheet dates of these companies differ from the DOUGLAS Group’s balance sheet date. The following table provides an overview of the key financial data of the companies carried At-equity in the consolidated financial statements (all figures as of December 31):
At-equity consolidation 09/30/2010 (in EUR m) 09/30/2009 (in EUR m) Non-current assets 0.0 10.6 Current assets 0.0 22.3 Non-current liabilities 0.0 0.6 Current liabilities 0.0 11.2 Net assets 0.0 21.1 2009 2008 Income 16.4 73.1 Expenses 16.4 72.2 Net income 0.0 0.9 Consolidation methods The financial statements of the companies included in consolidation have been prepared as of September 30, 2010. The individual financial statements are combined based on the following principles: Capital consolidation is conducted by offsetting acquisition costs against the Group’s interest in the consolidated subsidiary’s net assets at Fair Value on the acquisition date. Any positive differences that result are capitalized as goodwill and tested annually for impairment. Any negative differences are recognized in profit or loss. Any allocable net assets including hidden reserves and liabilities due to minority shareholders are carried as minority interests. Goodwill arising from new acquisitions after October 1, 2004 is not subject to scheduled amortization but subject to an annual impairment test. If there are indications of impairment, corresponding impairment tests are also conducted during the year. In preparing the opening IFRS balance sheet as of October 1, 2004, retrospective application of IFRS 3 was waived, and the simplification option offered under IFRS 1 was applied. As a result, the goodwill reported in the opening IFRS balance sheet remained offset against the revenue reserves as in the HGB (German Commercial Code) balance sheet. Receivables from and corresponding payables to consolidated companies are offset against each other. Material interim profits from intercompany goods and services within the Group were eliminated in the consolidated financial statements to the extent that these do not relate to sales realized with third parties. Sales and other income from intercompany deliveries of goods and services are offset against corresponding expenses. The share of profits or losses from associated companies is netted with the carrying amount of the respective participating interest in line with the equity method. Unrealized gains and losses between Group companies and associated companies are eliminated. 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 127
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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
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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 and 128: public sector have been expanded. T
Page 129: Group of Consolidated Companies Ger
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
Page 179 and 180: 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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