ANNUAL REPORT 2012

Financials

Parent company balance sheet


EUR Note Dec 31, 2012
Dec 31, 2011







Assets











NON-CURRENT ASSETS
Intangible assets 10 492,794.31
606,496.98







Tangible assets 11




Land and water
15,456,681.34
15,455,097.84

Buildings
13,983,471.06
13,854,814.61

Machinery and equipment
1,233,656.44
1,556,910.68

Construction in progress
462,376.38
978,494.87
Tangible assets total
31,136,185.22
31,845,318.00







Investments 12




Holdings in subsidiaries
880,487,444.36
592,405,728.04

Receivables from subsidiaries
2,174,300.00
5,167,236.66

Other shares
6,326,313.57
6,147,777.76
Investments total
888,988,057.93
603,720,742.46







Non-current assets total
920,617,037.46 81% 636,172,557.44 72%







CURRENT ASSETS
Inventories 13 166,910.78
234,468.99







Non-current loan receivables
22,805.22
27,805.22







Current receivables





Trade receivables
163,060.08
129,497.23

Receivables from subsidiaries 14 218,605,412.76
239,405,896.59

Other receivables
144,734.56
3,085,993.96

Prepayments and accrued income 15 1,352,879.21
1,489,405.05
Current receivables total
220,266,086.61
244,110,792.83







Cash and cash equivalents 16 1,629,990.00
487,814.02







Current assets total
222,085,792.61 19% 244,860,881.06 28%







Assets total
1,142,702,830.07 100% 881,033,438.50 100%







Shareholders' equity and liabilities











SHAREHOLDERS' EQUITY 17




Share capital
77,510,200.00
77,510,200.00

Revaluation reserve
3,789,720.00
3,789,720.00

Treasury shares
-864,706.21
-864,706.21

Other reserves
3,204,313.18
3,204,313.18

Retained earnings
337,427,893.38
280,172,326.46

Profit (loss) for the financial year
442,232,098.22
169,442,527.86
Shareholders' equity total
863,299,518.57 76% 533,254,381.29 61%







APPROPRIATIONS 18 622,913.84
1,025,760.98







LIABILITIES
Non-current 19




Loans from credit institutions
63,868,804.00
64,092,858.80

Liabilities to subsidiaries


2,398.36
Non-current liabilities total
63,868,804.00
64,095,257.16







Current

Loans from credit institutions
15,621,992.49
80,776,391.59

Trade payables
485,350.16
492,321.06

Liabilities to subsidiaries 20 190,678,343.45
194,561,720.70

Income tax payable
1,022,583.06



Other payables
3,192,240.47
3,641,888.53

Accruals and deferred income 21 3,911,084.03
3,185,717.19
Current liabilities total
214,911,593.66
282,658,039.07







Liabilities total
278,780,397.66 24% 346,753,296.23 39%







Shareholders' equity and liabilities total
1,142,702,830.07 100% 881,033,438.50 100%