Financial Statements according to IFRS

Transcription

1 Financial Statements according to IFRS The following financial information, as well as the audited consolidated financial statements of PCC Group, have been prepared in accordance with International Financial Reporting Standards (IFRS). PCC SE is the holding company of PCC Group.

2 Income statement Result from investments and affiliated companies 38,836 29,690 Other operating income 5,155 6,255 Other operating expenses 16,349 14,818 Depreciation & amortisation Interest result, net 10,713 11,241 Other financial income (+), expenses ( ) 1,953 1,231 Earnings before taxes (EBT) 14,312 8,133 Taxes on income ) Result from investments and affiliated companies contains gains / losses from disposal of financial assets, dividends, changes in investments accounted for using the equity method and impairments.

3 Comprehensive income Currency translation differences Fair value measurement of financial assets 1) 4,466 73,108 Remeasurements of defined benefit pension plans Fair value measurement of cashflow hedges Deferred taxes recognised in OCI 1,914 31,332 Total income and expenses recognised in equity 6, ,441 Total comprehensive income 7,974 96,286 1) According to IAS 39 all financial investments have been classified as available-for-sale (afs). Thereof three stock listed investments have been measured as level 1, one investment as level 2 and all remaining investments as level 3 for the year For the year 2013 two investments have been measured as level 1 and all remaining investments as level 3 according to evaluation models. Level 3 measures were used as no market prices or recent made transactions were available.

4 Balance sheet PCC SE (stand alone), according to IFRS, stated in k Dec. 31, 2014 Dec. 31, 2013 Jan. 1, 2013 ASSETS Non-current assets 689, , ,650 Intangible assets Property, plant & equipment 6,940 6,183 6,962 Investment property 2,507 2,422 1,886 Investments accounted for using the equity method 6,123 13,031 9,435 Non-current financial investments 673, , ,865 Other non-current assets Current assets 63,060 58,855 35,637 Inventories Trade receivables 14,496 15,727 24,168 Other assets 30,487 28,524 1,030 Current financial investments 12,107 1,441 1,091 Cash and cash equivalents 5,970 13,164 9,348 Total assets 752, , ,287 EQUITY AND LIABILITIES Equity 364, , ,002 Non-current provisions and liabilities 307, , ,498 Provisions for pensions & similar obligations Non-current other provisions Deferred tax liabilities 134, , ,255 Non-current financial liabilities 172, , ,827 Non-current other liabilities 2,416 Current provisions and liabilities 80,137 67,676 64,787 Provisions for pensions & similar obligations Current other provisions ,246 Trade payables 1,732 1, Tax liabilities Current financial liabilities 73,558 61,479 53,801 Current other liabilities 4,276 4,327 8,817 Total equity and liabilities 752, , ,287 Equity ratio 48.5% 49.3% 53.4% Net debt 228, , ,189

5 Cashflow statement (aggregated) Depreciation & amortisation Write-ups on financial investments 2,442 Write-downs on financial investments 7,579 Change in provisions Increase (+) / decrease ( ) in value adjustment for receivables and other assets Gains ( ) / losses (+) from disposal of non-current assets 25,393 16,393 Other non-cash gains ( ), expenses (+) 38 Change in working capital 3,263 56,625 Cashflow from operating activities 7,553 65,181 Net change from capital expenditures ( ) / disposals (+) of intangible assets 58 Net change from capital expenditures ( ) / disposals (+) of property, plant, equipment and investment properties 1, Net change from capital expenditures ( ) / disposals (+) of investments accounted for using the equity method 6,908 3,596 Net change from capital expenditures ( ) / disposals (+) of financial assets 9,635 3,853 Cashflow from investing activities 15, Proceeds from capital contributions Dividends paid to shareholder and owner 1,200 1,200 Inflows (+) / outflows ( ) from issuance / redemption of mezzanine capital notes 22,000 Inflows (+) / outflows ( ) from issuance / redemption from / to banks Inflows (+) / outflows ( ) from issuance / redemption of bonds 3,998 61,033 Inflows (+) / outflows ( ) from issuance / redemption of profit participation certificates 68 Cashflow from financing activities 2,703 37,797 Changes in cash due to cash transactions 10,230 27,428 Non-cash changes due to revaluations 17,424 31,244 Financial funds at the beginning of the period 13,164 9,348 Financial funds at the end of the period 5,970 13,164 Published by PCC SE Moerser Str Duisburg Germany Public Relations contact Moerser Str. 149, D Duisburg Phone: +49 (0) Fax: +49 (0) pr@pcc.eu Direktinvest contact Hilgerstr. 20, D Essen Phone: +49 (0) Fax: +49 (0) direktinvest@pcc.eu Duisburg, July 2015