Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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
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