Eurokai GmbH : Interim Report for the 1st half-year 2016

EUROKAI GmbH & Co. KGaA Interim Group Management Report for the first half-year 2016

Hamburg, August 2016

EUROKAI EUROKAI GmbH & Co. KGaA, Hamburg Consolidated income statement for the period January 01 to June 30, 2016

Jan 01 to June 30,

2016

Jan 01 to June 30,

2015

TEUR TEUR

Revenues 166.378 162.750

Other operating income 3.317 3.713

Cost of materials -49.766 -54.617

Personnel expenses -65.728 -64.118

Amortisation/ depreciation -15.265 -15.161

Other operating expenses-19.133 -20.110

Earnings before investment result, interest and income tax (EBIT) 19.803 12.457

Interest and similar income 291 535

Finance costs -1.856 -1.845

Income from associates 21.955 19.178

Other financial result20 37

Earnings before income tax (EBT) 40.213 30.362

Income tax-9.177 -8.408

Consolidated net profit for the period 31.036 21.954

Thereof attributable to:
Equity holders of the parent	24.920	21.255
Non-controlling interest	6.116	699
31.036	21.954

Earnings per share in EUR (according to IAS 33) 1,57 1,34

EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated statement of comprehensive income for the period January 01 to June 30, 2016

Jan 01 to June 30,

2016

Jan 01 to June 30,

2015

TEUR TEUR

Other comprehensive income:

31.036 21.954

Items not to be reclassified to profit or loss in subsequent periods:

Actuarial gains/losses from defined benefit pension plans	-2.256	1.532
Actuarial gains/losses from defined benefit pension plans from joint ventures and associates	-5.993	5.122
Deferred tax recognized directly in equity	2.531	-421
-5.718	6.233

Net other comprehensive income not being reclassified to profit or loss subsequent

Revaluation of financial derivates	40	367
Deferred tax recognized directly in equity of financial derivates	-5	-59
Revaluation of available-for-sale financial assets	-25	-45
Deferred tax recognized directly in equity of available-for-sale financial assets	8	14
Currency translation adjustments	2.080	1.702
2.098	1.979
Other comprehensive income, net of tax	-3.620	8.212

Total comprehensive income, net of tax 27.416 30.166

Thereof attributable to:

Equity holders of the parent	21.980	28.850
Non-controlling interest	5.436	1.316
27.416	30.166

EUROKAI GmbH & Co. KGaA, Hamburg Consolidated Balance Sheet as at June 30, 2016 ASSETS June 30, 2016 Dec 31, 2015

TEUR TEUR

Non-current assets

Intangible assets

Other intangible assets60.937 62.257

60.937 62.257

Property, plant and equipment Land, land rights and buildings

including buildings on third-party land	56.603	56.851
Plant and machinery	116.666	125.414
Other equipment, furniture and fixtures	8.301	7.511
Prepayments and assets under construction	9.573	5.530
191.143	195.306
Financial assets
Investments in associates	141.023	133.991
Investments	905	905
Other financial assets	5.230	2.060
147.158	136.956
Deferred income tax assets	16.758	15.704
Other financial receivables and assets	10.466	10.199
Other non- financial receivables and assets	9.028	10.045
435.490	430.467
Current assets
Inventories	11.375	11.597
Trade receivables	84.627	76.015
Other financial assets	33.508	47.801
Other non-financial assets	25.066	24.326
Current recoverable income taxes	10.322	5.818
Cash and cash equivalents	57.816	59.391
222.714	224.948
658.204	655.415
EQUITY AND LIABILITIES	June 30, 2016	Dec 31, 2015
TEUR	TEUR
Capital and reserves
Issued capital	13.468	13.468
Personally Liable General Partner´s capital	294	294
Capital recerves	1.801	1.801
Reserve from the fair value measurement of financial derivates	-981	-1.014
Reserve from the fair value measurement of financial derivates
avalable-for-sale financial assets	701	718
Share of other changes in equity in Associates	-24.215	-19.167
Reserve of exchange differences on translation	-3.070	-5.150
Revenue reserves	108.445	100.932
Accumulated profit	230.334	238.892
Equity attributable to equity holders of the parent	326.777	330.774
Non-controlling interest	74.319	76.943
401.096	407.717

Liabilities and provisions Non-current financial and provisions

Non-current financial liabilities, net of current portion	77.742	68.186
Non-current portion of deferred government grants	7.315	8.004
Other financial liabilities	1.422	1.617
Other non-financial liabilities	2.811	2.811
Deferred income tax liabilities Provisions Provisions for employee benefits	17.640 21.504	17.953 19.457
Other provisions	8.516	8.666
136.950	126.694
Current liabilities and provisions
Current portion of non-current financial liabilities	35.632	33.524
Trade payables	43.165	46.538
Current portion of deferred government grants	1.504	1.710
Other financial liabilities	16.307	22.849
Other non-financial liabilities	12.604	11.864
Income tax obligations Provisions Provisions for employee benefits	7.835 1.153	1.613 1.107
Other provisions	1.958	1.799
120.158	121.004
257.108	247.698
658.204	655.415