12/31/ /31/2010. Other equipment, factory and office equipment 428, , , ,454, ,052.44

Transcription

1 Daimler Group Services Berlin GmbH, Berlin Balance Sheet as of December 31, 2011 A s s e t s A Non-current assets 12/31/ /31/2010 I. Intangible assets Purchased licenses, industrial Property rights and similar rights and assets and licenses to such rights and assets 5, ,00 II. Property, plant and equipment incl. equipment on operating leases 1. Technical equipment and machinery 2, Other equipment, factory and office equipment 428, , , III. Financial Assets 1. Shares in affiliated companies 0,00 1,000, , ,364, B Current assets Receivables and other assets --Due within one year-- 1. Receivables from affiliated companies 2. Receivables from companies in which 3,454, , equity investments are held ,869, Other assets ,455, , ,455, ,874, C Prepaid expenses ,893, ,242,479.68

2 E q u i t y a n d l i a b i l i t i e s A Equity 12/31/ /31/2010 I. Share capital 25, , II. Capital reserve 1,950, ,950, ,975, ,975, B Provisions 1. Pension provisions 752, , Other provisions 538, ,291, , ,291, ,092, C Payables --Due within one year-- 1. Trade payables 39, , Liabilities to affiliated companies 65, , Other liabilities --of which for taxes 121,272.41, 2010: 65, , , , , , ,893, ,242,479.68

3 Income Statement for the Period from January 1 to December 31, /31/ /31/ Revenues 11,438, ,756, Other operating income 45, , Cost of materials supplies and purchased merchandise 5, , b) Cost of purchased services 4. Personnel expenses 311, , , a) Wages and salaries b) Social security, post-employment and 6,873, ,909, Other employee benefit costs 1,468, ,342, , of which for pensions 76, (2010: 92,776.16)-- 5. Depreciation of property plant and equipment 456, , Other operating expenses 2,348, , Other interest and similar income 14, , Income from ordinary activities 35, , Extraordinary expenses , Extraordinary expenses , Other taxes 4, , Profit transfer as per profit transfer 30, , agreement 13. Net income

4 Daimler Group Services Berlin GmbH, Berlin Notes for the 2011 Financial Year General information Daimler Group Services Berlin GmbH (hereinafter referred to as "DGSB GmbH"), listed in the Berlin (Charlottenburg) Commercial Register, HRB , is a small stock corporation pursuant to Section 267 (2) HGB (German Commercial Code). The conveniences of Sec. 288 (2) HGB have been utilized. DGSB GmbH has its registered office in Berlin. The company conducts its operations from rented premises in Berlin, Schicklerstraße 5-7. The business purpose of the company is to provide services in the field of finance and accounting as well as to perform administrative functions for the Daimler Group. The annual financial statements of DGSB GmbH were prepared in accordance with the requirements of the German Commercial Code (Handelsgesetzbuch (HGB)) and the German Law on Limited Liability Companies (Gesetz über die Gesellschaften mit beschränkter Haftung (GmbHG)). The balance sheet is structured in accordance with Sec. 266 (2) and (3) HGB. The income statement was prepared in a vertical format in accordance with the total costs method pursuant to Sec. 275 (2) HGB. A control and profit and loss transfer agreement (CPTA) is in existence with Daimler AG, Stuttgart, as the sole shareholder. Fiscal unity is in existence with Daimler AG, Stuttgart (DAG) for purposes of VAT, trade tax and corporate income tax. Annex 3

5 - 5 - Significant accounting policies The annual financial statements were prepared in accordance with the general valuation requirements of Sec HGB and in consideration of the special recognition and measurement requirements applicable for incorporated companies pursuant to Sec HGB. Intangible assets are measured at acquisition cost less straight-line amortization. Property, plant and equipment is recognized at acquisition cost less scheduled depreciation. The useful lives are estimated in accordance with the tax depreciation tables. The depreciation of movable items of property, plant and equipment is generally recognized using the straightline method. Assets with acquisition costs between and 1, (low-value assets), which were added during the period from January 1, 2008 to December 31, 2009, were posted to a group account in the year of acquisition, which was reversed and recognized to profit and loss at the rate of one fifth in the year of its creation and each of the four subsequent financial years. Since January 1, 2010, assets with acquisition costs of 1, are written off immediately in the commercial balance sheet. The figures for the previous year were not adjusted. Receivables and other assets are recognized at face values. No impairment adjustments were required. Prepaid expenses are recognized at the amounts paid during the reporting period as expenses for a specific time after the balance sheet date. Provisions were recognized in accordance with prudential business judgment and take into account all identifiable risks and uncertain obligations. Pension obligations are calculated using the projected unit credit (PUC) method based on the assumption of future salary increases from 2012 at individual rates, an adjustment of current

6 - 6 - pensions pursuant to Section 16 BetrAVG at an average rate of 1.7% p.a. and an imputed interest rate of 5.13%. The calculation was based on the 2005 G mortality tables of Prof. Dr. Klaus Heubeck. Anniversary bonus provisions were also calculated in accordance with actuarial principles based on the 2005 G mortality tables of Prof. Dr. Klaus Heubeck using an imputed interest rate of 5.13% p.a. Liabilities are recognized at their settlement value. No receivables or liabilities in foreign currencies were in existence of the balance sheet date. The annual financial statements for 2010 were prepared in accordance with the provisions of the German Accounting Law Modernization Act (NilMog) for the first time. As a result, the company reports expenses in the amount of 46, associated with the changed measurement of the pension obligations and the commitment for anniversary bonuses as of January 1, 2010, which are required to be reported under extraordinary expenses pursuant to Section 67 (1) and 7 EGHGB. The figures for the previous year were not adjusted with a reference to Section 67 (8) Sentence 2 1. Half-sentence EGHGB.

7 - 7 - Disclosures on the Balance Sheet Non-current assets Intangible assets consist of purchased software licenses. Property, plant and equipment consist of technical equipment and machinery, furniture and fixtures, and low-value assets. Additions of property, plant and equipment related to the expansion, improvement and completion of the business and office equipment in connection with the construction of the Accounting Shared Services Center at the Berlin location. According to the Purchase and Assignment Agreement dated May 12, 2010, DGSB GmbH acquired the company share in Daimler Business Services GmbH, Berlin, (formerly Fünfte Vermögensverwaltungsgesellschaft Zeus mbh, Stuttgart) from Daimler AG at a face value of 25, As sole shareholder, DGSB GmbH increased the equity capital of Daimler Business Services GmbH by a cash contribution of 975, based on a shareholders resolution dated May 4, With a Purchase and Assignment Agreement dated July 20, 2011, DGSB GmbH sold its company share in Daimler Business Services GmbH to Daimler AG at a nominal value of 25, The changes in the individual items of non-current assets over the reporting year are shown separately in the following schedule of non-current assets in accordance with Sec. 268 (2) HGB.

8 - 8 - Cost of acquisition or production Current year Book value Dis Dis Addi po 12/31/ 01/01/2 Addi po 12/31/ 12/31/ tions sals tions sals /01/ 2011 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 01/01/ 2011 I. Intangible assets Purchased licenses, industrial Property rights and similar rights and assets and licenses to such rights and assets , , , , , , II. Property, plant and equipment Technical equipment and machinery Operating equipment , , , Other equipment, factory and office equipment , , , Factory installations 32, , , , , ,00 11, , , Office equipment 487, , , , , ,00 252, , , Low-value assets 152, , , , , ,00 495, , , , , ,188, , , ,00 759, , , , , ,191, , , ,00 759, , , Shares in Affiliated companies 1,000, Total Non-Current Assets: 673, , ,197, , , ,00 759, , ,364,753.72

9 - 9 - Current assets Receivables and other assets have remaining terms of up to one year. Trade receivables were not recognized in the 2011 financial year (2010: 1,052.44). Receivables from affiliated companies ( 3,454,566.58, 2010: 1,869,382.07) consist mostly of receivables from the shareholder Daimler AG ( 3,395,901.02, 2010: 1,860,338.07). The receivables from the shareholder Daimler AG result from current trade receivables ( 1,955,817.85, 2010: 516,532.52), a receivable posted to the intercompany account at Daimler AG ( 1,438,640.42, 2010: 1,297,796.55), and a receivable for an input tax refund for December 2011 ( 1,442.75, 2010: 2,602.58) recorded in the framework of the existing fiscal unity for VAT with Daimler AG. Other assets ( , 2010: 3,602.58) consist of grants for technical aids for workplace equipment ( , 2010: 0.00) and receivables from employees ( , 2010: 0.00). Prepaid expenses Prepaid expenses ( 1,371.12, 2010: 3,688.87) consist of expenses for business, product and environmental liability insurance. Equity

10 Since August 15, 2007 (the day on which the merger between HERKULES Neunundachtzigste Verwaltungsgesellschaft mbh and Daimler AG was recorded in the Commercial Register), the company's share capital ( 25,000.00, 2010: 25,000.00) has been held by Daimler AG and is fully paid in. As shareholder, Daimler AG passed shareholder resolutions dated January 16, 2008 and May 7, 2010 to increase the company's equity by 975,000.00, respectively, through an extraordinary cash contribution to the capital reserve (in accordance with Sec. 272 (2) No. 4 HGB). The net income for the year ( 30, (2010: 235,842.54) was transferred to Daimler AG in accordance with the existing control and profit and loss transfer agreement (CPTA) with Daimler AG. Provisions The provisions ( 1,291,537.10, 2010: 1,092,545.06) include pension provisions ( 752,609.00, 2010: 686,456.00) and other provisions ( 538,928.10, 2010: 406,089.06). Liabilities Liabilities have residual terms of up to one year. Trade payables ( 373,910.43, 2010: 39,182.94) result from purchases of goods and services for the company's business operations. Liabilities to affiliated companies ( 127,103.15, 2010: 65,513.66) consist mainly of liabilities from the current clearing traffic with Daimler AG ( 127,012.64, 2010: 0.00). Other liabilities ( 126,366.61, 2010: 70,238.02) consist mainly of payroll tax liabilities to the government tax authorities for December 2011 ( 121,272.41, 2010: 65,420.00) and a security retainer on assets ( 4,500.00, 2010: 4,500.00).

11 Disclosures on the Income Statement Revenues Revenues ( 11,438,513.15, 2010: 5,756,964.18) resulted from the performance of services in the field finance and accounting for the Daimler Group. The revenues consist mainly of revenues generated with the shareholder Daimler AG ( 10,792,513.10, 2010: 5,749,364.18), smart Vertriebs GmbH ( 299,000.04, 2010: 0.00) and Mercedes-Benz Manufacturing Hungary Kft. ( 200,000.01, 2010: 0.00). Other operating income Other operating income ( 45,725.25, 2010: 476,722.39) consists mainly of income from release of provisions ( 30,810.80, 2010: 2,276.19) and income from the use of company cars ( 13,559.44, 2010: 3,282.56). The remaining other operating income was attributable only to income relating to other periods. Cost of materials Cost of materials ( 316,219.74, 2010: 162,102.81) consists of expenses for raw materials, consumables and supplies ( 5,185.07, 2010: 1,120.27) and expenses for purchased services. Expenses for purchased services ( 311,034.67, 2010: 160,982.54) include expenses for IT operation by third parties and third-party programming costs ( 162,966.32, 2010: 122,933.69), and temporary manpower costs ( 102,958.99, 2010: 0.00).

12 Personnel expenses DGSB GmbH's personnel expenses ( 8,342,693.97, 2010: 4,790,772.75) consist of salary expense ( 6,873,816.87, 2010: 3,909,124.74) and social security contributions and expenses for pensions and benefits ( 1,468,877.10, 2010: 881,648.01). Amortization and depreciation Amortization and depreciation ( 456,607.57, 2010: 260,788.86) includes scheduled amortization of intangible assets and depreciation of items of property, plant and equipment. Other operating expenses Other operating expenses ( 2,348,199.15, 2010: 737,944.59) consist mainly of other thirdparty services ( 1,430,657.29, 2010: 260,626.27), office space costs (rent plus electricity and ancillary rental costs) for the building ( 426,062.94, 2010: 312,578.47), travel costs ( 162,941.05, 2010: 23,630.03) and continuing education and training costs ( 51,214.28, 2010: 14,526.26). Other operating expenses include only expenses for other periods. Interest income The financial income ( 14,535.23, 2010: 1,653.95) arose from interest income from the interest on the intercompany account at Daimler AG (affiliated company).

13 Other taxes Other taxes ( 4,971.43, 2010: 1,879.97) consist mainly of electricity taxes ( 2,549.43, 2010: 1,879.97) as well as motor vehicle taxes ( 2,422.00, 2010: 0.00). Other Notes The Managing Directors of Daimler Group Services Berlin GmbH are: Mr. Klaus Eser, Ludwigsburg Mr. Lars Hölzer, Berlin Mr. Wolfgang Musiolik, Kirchheim/Teck Since the amendment of the Articles of Incorporation on November 20, 2007, the company is represented by one Managing Director jointly with an authorized signatory - holder of power of attorney. Parent company DGSB GmbH's sole shareholder is Daimler AG, Stuttgart, whose consolidated financial statements are published in the German Federal Gazette (Bundesanzeiger). DGSB GmbH is not included in the consolidated financial statements of Daimler AG in accordance with Sec. 296 (2) HGB.

14 Berlin, June 15, 2012 Daimler Group Services Berlin GmbH, Musiolik Eser Hölzer