Annual Report 2009/10 Excellence in Retailing - Douglas Holding

148 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
Deferred taxes
Asset
(in EUR m)
09/30/2010 09/30/2009
Liability
(in EUR m)
Asset
(in EUR m)
Liability
(in EUR m)
Intangible assets 3.0 10.4 4.6 1.0
Property, plant and equipment 9.9 9.4 9.4 9.5
Inventories 5.5 0.7 5.9 0.8
Financial assets 1.0 1.7 0.4 1.6
Other assets 0.2 0.0 0.1 0.0
Provisions 13.8 0.0 13.0 0.0
Financial liabilities 5.3 1.2 3.8 1.5
Other liabilities 0.0 4.5 0.3 4.5
Additional paid-in capital 0.0 0.3 0.0 0.3
Tax loss carryforwards 16.2 0.0 8.1 0.0
Total 54.9 28.2 45.6 19.2
Offsetting −15.6 −15.6 −12.3 −12.3
Carrying amount 39.3 12.6 33.3 6.9
Deferred tax assets on loss carryforwards were recognized for companies with budget
forecasts triggering substantial indications for impairment.
Based on a lower sales growth rate of 0.5 percent and a declining gross profit ratio of
0.5 percentage points, a write-down amount of 0.4 million Euro and 0.0 million Euro respectively
would arise for Douglas Spain S.A..
18. Inventories
Inventories
09/30/2010
(in EUR m)
09/30/2009
(in EUR m)
Finished goods and merchandise 635.3 655.3
Raw materials, consumables and supplies 9.4 11.3
Advances to suppliers for merchandise 2.5 0.5
Total 647.2 667.1
In the fiscal year under review, inventories were written down to the net realizable
value in the amount of 22.7 million EUR (previous year: 22.7 million EUR).
19. Trade accounts receivable
Trade accounts receivable primarily include settlement receivables from credit card
organizations as well as from Douglas Card customers. Of this amount, 1.3 million EUR
(previous year: 0.9 million EUR) was written down due to an allowance for uncollectible