Sennheiser 2009 Annual Report Download - page 34

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66 CO N SOLI D ATED FIN A NCIA L STA TEME N TS 2 0 10 67
CON SOLI D ATED FINA NCIA L STA T EMEN TS 2 0 10
Consolidated Financial Statements
2010 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2010
ASSETS LIABILITIES
2010
(€)
PREVIOUS YEAR
(€ IN THOUSANDS)
A. Fixed Assets
I. Intangible Assets
1. Concessions, industrial property rights and similar rights 3,201,094.38 3,154
2. Goodwill 1,810,886.34 2,493
5,011,980.72 5,647
II. Tangible Assets
1. Real estate, equivalent titles and buildings,
including buildings on non-owned land
4,958,662.71 5,084
2. Technical equipment and machinery 16,983,509.25 19,042
3. Other plant, furniture and equipment 17,504,596.59 15,890
4. Down payments and plant under construction 2,258,215.65 2,740
41,704,984.20 42,756
III. Financial Assets
1. Shares in associated companies 13,250.00 13
2. Shareholdings 3,350.00 3
3. Loans 8,972.17 7
4. Indemnity claims 1,527,451.19 1,652
1,553,023.36 1,675
48,269,988.28 50,078
B. Current assets
I. Stocks
1. Raw materials and supplies 17,750,852.70 15,724
2. Work in process 13,127,261.43 10,465
3. Finished products and merchandise 56,930,231.04 33,506
4. Down payments 0.00 1
87,808,345.17 59,696
II. Trade and Other Receivables
1. Trade receivables 86,863,434.73 70,073
2. Other receivables 3,879,246.08 7,658
90,742,680.81 77,731
III. Trade Investments
Other securities 430.21 0
IV. Cash and Cash Equivalents 33,716,649.83 28,500
212,268,106.02 165,927
C. Accruals and Deferrals 2,900,505.69 2,657
D. Deferred Taxes 14,566,178.39 11,498
Total Assets 278,004,778.38 230,160
2010
(€)
PREVIOUS YEAR
(€ IN THOUSANDS)
A. Equity
I. Fixed Capital
1. General partners’ share 0.00 0
2. Limited partners’ share 5,200,000.00 5,200
5,200,000.00 5,200
II. Retained Earnings 23,931.37 0
III. Expenses from Currency Translation –10,218,364.00 –12,426
IV. Balance Sheet Profit 53,425,167.32 47,652
V. Balancing Item for Shares of Other Shareholders 481,689.14 470
48,912,423.83 40,896
B. Special Items 178,401.00 185
C. Provisions
1. Pension provisions 62,214,192.36 52,191
2. Tax provisions 3,398,197.20 1,235
3. Other provisions 34,101,012.99 22,848
99,713,402.55 76,274
D. Liabilities
1. Liabilities to credit institutions 197,113.03 5
2. Advance payments received for orders 368,484.25 55
3. Trade payables 26,882,198.74 22,838
4. Own bills of exchange payable 0.00 1,102
5. Liabilities to shareholders 82,322,017.39 69,332
6. Liabilities to associated companies 3,372.03 3
7. Other liabilities 19,336,674.52 19,462
129,109,859.96 112,797
E. Accruals and Deferrals 90,691.04 8
Total Liabilities 278,004,778.38 230,160