Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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166 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 a consequence of the acquisition of the remaining shares in Reiner Appelrath-Cüpper Nachf. GmbH, Cologne, in the year under review, liabilities decreased. On the other side, valuation-related adjustments in the amount of 3.6 million EUR increased the extent of commitments (previous year: -3.3 million EUR). Proportionate earnings and disbursements in the year under review in the amount of 1.5 million EUR also reduced these commitments. 34. Other explanatory notes Other financial commitments Purchase commitments for approved capital expenditure for property, plant and equipment totaled around 39.0 million EUR (previous year: 25.5 million EUR). Contingent liabilities in the amount of 0.6 million EUR exist for one foreign subsidiary. Contingent assets from eco-tax refunds amounted to 3.1 million Euro. Average number of employees The average number of persons employed was: Average number of employees 2009/10 2008/09 Salaried employees and wage earners 22,820 22,681 Apprentices 1,586 1,676 Total 24,406 24,357 Shareholdings The list of shareholdings provides an overview of the key companies included in the consolidated financial statements and of other participating interests held by the DOUG- LAS Group. A complete list of shareholdings is submitted to the online version of the German Federal Gazette (“Bundesanzeiger”). Related companies and related persons The DOUGLAS Group had the following relationships with related parties in the fiscal years 2009/10 and 2008/09, respectively, from delivery and supply relationships concluded in the past: Related companies and related persons Deliveries and services received (in EUR m) Deliveries and services provided (in EUR m) 2009/10 2008/09 2009/10 2008/09 Related companies 0.5 3.4 1.2 6.8 Related persons 4.5 6.9 0.0 0.0 Total 5.0 10.3 1.2 6.8
There were no receivables from related companies/parties on the balance sheet date (09/30/09: 0.2 million EUR), the corresponding liabilities totaled 0.6 million EUR (09/30/09: 12.6 million EUR). Deliveries and supplies incurred in connection with buch.de internetstores AG are contained in the figures shown up through December 1, 2009. Since December 1, 2009, buch.de internetstores AG was fully consolidated in the consolidated financial statements. Business relationships with related persons are effected under the same conditions as with third parties (arm’s length transaction). Executive bodies The following table shows the total remuneration of the Executive Board of the DOUG- LAS HOLDING AG: Executive Board remuneration Executive Board remuneration Fixed (in EUR ‘000) 2009/10 Variable (in EUR ‘000) Total (in EUR ‘000) Dr. Henning Kreke, President and CEO 536.5 824.5 1,361.0 Dr. Burkhard Bamberger 457.1 412.2 869.3 Anke Giesen 332.5 258.4 590.9 Total 1,326.1 1,495.1 2,821.2 The total remuneration of the Executive Board in fiscal year 2008/09 amounted to 2,512.6 thousand EUR. The provisions for pensions for members of the Executive Board totaled 1,418 thousand EUR compared to 1,245 thousand EUR last year. Provisions in the amount of 1,495 thousand EUR were formed as of September 30, 2010 for the variable salary components of members of the Executive Board (previous year: 1,210 thousand EUR). The variable components of remuneration are determined on a performance-based calculation. Share-priced-oriented models, e.g. stock options, do not exist. Pension commitments for members of the Executive Board provide a retirement pension after the attainment of a fixed retirement age as well as benefits for their surviving dependants. The amount of monthly benefits to be granted is based on a non-income-related fixed amount totaling 6,135.50 EUR for Dr. Henning Kreke and 3,000.00 EUR for Dr. Bamberger. This amount increases by 5.0 percent for each pensionable year of service depending on the general development of the cost of living. Furthermore, the amounts are adjusted index-based for the development in the cost of living. Additional commitments like severance payments, bridge money and leave benefits etc. do not exist. Remuneration totaling 903 thousand EUR (previous year: 902 thousand EUR) was paid to former members of the Executive Board and their surviving dependants. The pension provisions for former members of the Executive Board and their surviving dependants totaled 13,061 thousand EUR following 12,022 thousand EUR the year before. Total remuneration for other key executives within the DOUGLAS Group amounted to 5,393 thousand EUR in fiscal year 2009/10 (previous year: 4,945 thousand EUR). Provisions for pensions for these management members totaled 350 thousand EUR compared 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 167
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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
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Impeccably showcased products: the
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Hussel in Figures Aschaffenburg is
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FINANCIAL STATEMENTS CONTENTS 112 F
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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 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: Financial liabilities In the 2006/0
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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