Sennheiser 2011 Annual Report Download - page 34

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CONSOLIDATED FINANCIAL STATEMENTS 2011
66
CONSOLIDATED FINANCIAL STATEMENTS 2011
67
CONSOLIDATED FINANCIAL STATEMENTS 2011
———
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2011
ASSETS
2011
(€)
PREVIOUS YEAR
(€ IN THOUSANDS)
A. Fixed assets
I. Intangible Assets
1. Concessions, industrial property rights and similar rights 3,008,118.56 3,201
2. Goodwill 1,202,463.17 1,811
3. Down payments 294,730.03 0
4,505,311.76 5,012
II. Tangible Assets
1. Real estate, equivalent titles and buildings,
including buildings on non-owned land
4,806,468.62 4,959
2. Technical equipment and machinery 14,898,011.44 16,983
3. Other plant, furniture and equipment 18,211,208.84 17,505
4. Down payments and plants under construction 1,872,881.31 2,258
39,788,570.21 41,705
III. Financial Assets
1. Shares in associated companies 13,250.00 13
2. Shareholdings 3,350.00 3
3. Loans 8,801.74 9
4. Indemnity claims 1,427,416.85 1,528
1,452,818.59 1,553
45,746,700.56 48,270
B. Current assets
I. Stocks
1. Raw materials and supplies 18,141,160.84 17,751
2. Work in process 13,351,597.24 13,127
3. Finished products and merchandise 48,666,082.55 56,930
4. Down payments 82,780.80 0
80,241,621.43 87,808
II. Trade and Other Receivables
1. Trade receivables 93,333,225.36 86,864
2. Other receivables 10,707,702.00 3,879
104,040,927.36 90,743
III. Trade Investments
Other securities 291.73 0
IV. Cash and Cash Equivalents 70,997,234.11 33,717
255,280,074.63 212,268
C. Accruals and Deferrals 3,045,044.43 2,901
D. Deferred Taxes 11,068,816.55 14,566
315,140,636.17 278,005
LIABILITIES
2011
(€)
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 24
III. Expenses from Currency Translation –8,454,752.32 –10,218
IV. Balance Sheet Profit 70,991,360.03 53,425
V. Balancing Item for Shares of Other Shareholders 481,689.14 482
68,242,228.22 48,913
B. Special Items 172,254.00 178
C. Provisions
1. Pension provisions 64,689,596.00 62,214
2. Tax provisions 3,885,527.51 3,398
3. Other provisions 34,177,716.84 34,101
102,752,840.35 99,713
D. Liabilities
1. Liabilities to credit institutions 353,374.08 197
2. Advance payments received for orders 347,908.23 369
3. Trade payables 27,604,198.27 26,882
4. Liabilities to shareholders 101,589,931.33 82,322
5. Liabilities to associated companies 3,223.12 3
6. Other liabilities 14,055,426.32 19,337
143,954,061.35 129,110
E. Accruals and Deferrals 19,252.25 91
315,140,636.17 278,005