Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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158 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 27. Financial liabilities Financial liabilities 09/30/2010 (in EUR m) Remaining term up to 1 year (in EUR m) Remaining term between 1 and 5 years (in EUR m) Remaining term more than 5 years (in EUR m) 09/30/2009 (in EUR m) Remaining term up to 1 year (in EUR m) Remaining term between 1 and 5 years (in EUR m) Remaining term more than 5 years (in EUR m) Liabilities to banks 175.6 141.6 34.0 201.1 144.8 41.6 14.7 Advance payments received 1.3 1.3 1.1 1.1 Bills accepted 0.1 0.1 1.0 1.0 Liabilities to affiliated companies 0.0 0.0 11.7 11.7 Derivative financial instruments 1.7 1.7 2.0 2.0 Financial liabilities from the valuation of options from minority interests 89.1 81.6 5.6 1.9 110.8 102.0 6.2 2.6 Other liabilities 13.5 13.5 33.6 33.6 Total 281.3 239.8 39.6 1.9 361.3 296.2 47.8 17.3 Financial liabilities from valuation of options from minority interests are related to minority interests with cancellation and rights of disposal. As of October 1, 2009, one of these options was exercised in the Fashion division. During the fiscal year, income from the derecognition of trade accounts payable was recognized in the amount of 0.1 million EUR (previous year: none). None of the liabilities were secured by pledged rights or similar rights. 28. Other liabilities Other liabilities include liabilities from gift vouchers not yet redeemed and deferred income. 29. Notes to the Cash Flow statement In compliance with the requirements of IAS 7, the Cash Flow statement is categorized into Cash Flows from operating, investing and financing activities. The effects of changes to the group of consolidated companies have been eliminated; their impact on cash and cash equivalents is shown separately – as is the impact of changes in currency exchange rates. The cash and cash equivalents relating to the Russian companies held for sale are shown separately.
Cash and cash equivalents are comprised as follows: Cash and cash equivalents 09/30/2010 (in EUR m) 09/30/2009 (in EUR m) Marketable securities 0.1 0.9 Cash and cash equivalents 51.6 35.8 Total 51.7 36.7 The effect of the sale and purchase of consolidated companies is presented under the notes regarding consolidation. 30. Notes on segment reporting In the 2009/10 fiscal year, segment reporting has been prepared for the first time in line with the provisions of IFRS 8. The preceding year’s figures have been adjusted accordingly to assure comparability. The segments comply with the DOUGLAS Group’s internal reporting and controlling structure. Internal reporting and controlling is generally performed according to the individual geographic companies of the corporate divisions. The operative business segments are combined into reporting segments in the segment reporting, which correspond to the individual corporate divisions of DOUGLAS HOLDING AG. Due to the first time adoption of IFRS 8, the Services division is also shown separately from the reconciliation column, although this segment is not predominantly geared for generating external sales. Alongside the information about the individual business segments, additional information is given about geographical regions. As part of this presentation, a distinction is generally made between Germany and all other countries. The earnings of the operative business segments are determined in compliance with the accounting and valuation methods applied to the consolidated financial statements. Transfers between segments are at the same prices that would apply between third parties (arm’s length transactions). Perfumeries The largest reporting segment is the Perfumeries division with a total of 1,205 Douglas Perfumeries, which are the market leaders in Europe, standing for expertise in the areas of perfumes, cosmetics and skin care. The Douglas Perfumeries are present in 20 countries. Books The 289 Thalia bookstores combine stationary and online bookselling services and are the market leaders in German-speaking countries. In the 2009/10 fiscal year, a non-cash income amount was incurred in the amount of 6.1 million Euro as part of the first time full consolidation of buch.de internetstores AG. 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 159
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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
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Established the first-ever Douglas
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Austria’s first multi-channel boo
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Divisions Thalia · Books 87 Tradit
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Thalia in Figures employees, who su
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Capturing the imaginations of Dortm
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Pear shape Round brilliant shape Pr
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Nadia Iram Christ, Frankfurt (Zeil)
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Christ: more than ever before. Empl
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FASHIONS, TOP BRANDS, MULTI-CHANNEL
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Whether her style is casual or clas
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merchandising program, enabling App
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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 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: Statement of changes in current pro
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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