Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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134 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 47–49 ing the Fair Values and acquisition costs associated with first time consolidation. Actual values may vary in individual cases from the assumptions and estimates made. Changes are recognized in income as soon as more detailed information is known. Capital Management The purpose of capital management is to maintain equity in conformity with IFRS. The goal of the DOUGLAS Group’s capital management is to assure that the Group can continue to meet its financial obligations and to sustain the business value on a long-term basis. Thus, the DOUGLAS Group aims at a Group equity ratio of more than 35 percent. The central control factor of the DOUGLAS Group is the DOUGLAS Value Added (DVA). This represents a control and management system in which all decision-making processes are reviewed in terms of their sustained contribution to value and measured in terms of DVA. Further information about the current development of the DVA can be found in the Management Report on page 47-49. The aim of the DOUGLAS Group’s capital management strategy is to ensure that all the Group companies have appropriate equity according to local needs, such that external capital requirements have always been met in the past fiscal year. Capital 09/30/2010 09/30/2009 Equity EUR m 764.8 710.9 Debt EUR m 949.6 977.7 Net Debt EUR m 124.0 165.3 Working Capital EUR m 418.1 455.0 Equity ratio in % 44.6 42.1
NOTES TO THE INCOME STATEMENT 6. Sales (Net) sales totaling 3,320.8 million Euro were recorded in the 2009/10 fiscal year. Of this amount, 34.7 percent was recorded outside of Germany following 35.3 percent in the 2008/09 fiscal year. Sales 2009/10 (in EUR m) 2008/09 (in EUR m) Perfumeries 1,878.7 1,853.5 International 932.0 933.5 Books 905.8 819.7 International 216.1 191.0 Jewelry 310.2 292.4 Fashion 124.1 131.0 Confectionery 99.4 101.0 International 4.5 4.8 Services 2.6 3.2 Total 3,320.8 3,200.8 7. Gross profit from retail business Gross profit from retail business amounted to 1,571.3 million Euro in the 2009/10 fiscal year (previous year: 1,517.3 million Euro). The sales margin (ratio of gross profits to net sales) stood at 47.3 percent, which was just behind the prior year’s figure. 8. Other operating income Other operating income 2009/10 (in EUR m) 2008/09 (in EUR m) Income from costs passed on to third parties 121,6 125.5 Income from leasing and subleasing 17.4 17.8 Income from reversal of provisions 16.9 11.9 Income from customer card 9.3 9.3 Income from commissions 4.7 8.5 Income from casualty 1.4 5.4 Income from disposal of non-current assets 0.6 5.2 Income from currency translation 2.1 2.0 Income from derecognition of liabilities 4.0 1.8 Income from reversal of impairment 2.5 1.1 Other non-operating income 8.9 1.9 Refunds from sales taxes from prior years 3.5 0.0 Other income 18.8 17.1 Total 211.7 207.5 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 135
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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
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Nowy Sa˛ cz, Poland, October 2009
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Natalia Wörner and Michael Michals
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showpiece: “Hilfiger Woman” - a
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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 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: issued for speculative purposes. De
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
Page 181 and 182: Overview of the past several years
Page 183 and 184: Fair Value Amount at which an asset
Page 186: www.douglas.de www.thalia.de · www
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Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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