Eurokai GmbH : Interim Report for the 1st half-year 2017

EUROKAI GmbH & Co. KGaA Interim Group Management Report for the first half-year 2017

Hamburg, August 2017

EUROKAI EUROKAI GmbH & Co. KGaA, Hamburg Consolidated income statement for the period January 01 to June 30, 2017

Jan 01 to

June 30,

2017

Jan 01 to

June 30,

2016

TEUR TEUR

Revenues 168.511 166.378

Other operating income 5.168 3.317

Cost of materials -52.742 -49.766

Personnel expenses -66.396 -65.728

Amortisation/ depreciation -13.628 -15.265

Other operating expenses -17.984 -19.133

Earnings before investment result, interest and income tax (EBIT) 22.929 19.803

Interest and similar income 516 291

Finance costs -1.376 -1.856

Income from associates 21.455 21.955

Other financial result 443 20

Earnings before income tax (EBT) 43.967 40.213

Income tax -11.235 -9.177

Consolidated net profit for the period 32.732 31.036

Thereof attributable to:
Equity holders of the parent	25.604	24.920
Non-controlling interest	7.128	6.116

32.732 31.036 Earnings per share in EUR (according to IAS 33) 1,62 1,57 EUROKAI GmbH & Co. KGaA, Hamburg Consolidated statement of comprehensive income for the period January 01 to June 30, 2017

Jan 01 to

June 30,

2017

Jan 01 to

June 30,

2016

TEUR TEUR

Other comprehensive income: 32.732 31.036 Items not to be reclassified to profit or loss in subsequent periods:

Actuarial gains/losses from defined benefit pension plans 90 -2.256 Actuarial gains/losses from defined benefit pension plans from joint ventures and associates 4.788 -5.993 Deferred tax recognized directly in equity -1.558 2.531

3.320 -5.718 Net other comprehensive income not being reclassified to profit or loss subsequent

Revaluation of financial derivates	259	40
Deferred tax recognized directly in equity of financial derivates	-83	-5
Revaluation of available-for-sale financial assets	-755	-25
Deferred tax recognized directly in equity of available-for-sale financial assets	243	8
Currency translation adjustments	-1.654	2.080
-1.990	2.098
Other comprehensive income, net of tax	1.330	-3.620
Total comprehensive income, net of tax	34.062	27.416
Thereof attributable to: Equity holders of the parent	26.979	21.980
Non-controlling interest	7.083	5.436
34.062	27.416

EUROKAI GmbH & Co. KGaA, Hamburg Consolidated Balance Sheet as at June 30, 2017

ASSETS June 30, 2017 Dec 31, 2016

TEUR TEUR

Non-current assets

Intangible assets

Other intangible assets57.652 59.295

57.652 59.295

Property, plant and equipment Land, land rights and buildings

including buildings on third-party land	53.489	56.636
Plant and machinery	107.985	115.605
Other equipment, furniture and fixtures	6.844	7.800
Prepayments and assets under construction	3.153	2.095
171.471	182.136

Financial assets

Investments in associates	160.057	146.942
Investments	905	905
Other financial assets	0	13.511
160.962	161.358
Deferred income tax assets	16.865	17.851
Other financial receivables and assets	337	347
Other non- financial receivables and assets	7.964	9.054
415.251	430.041

Current assets

Inventories 10.744 10.635

Trade receivables 88.833 88.919

Other financial assets 25.928 31.655

Other non-financial assets 17.665 19.045

Current recoverable income taxes 5.054 4.444

Cash and cash equivalents112.721 87.701

260.945 242.399

676.196 672.440

EQUITY AND LIABILITIES	June 30, 2017 TEUR	Dec 31, 2016 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	-554	-730
Reserve from the fair value measurement of financial derivates
avalable-for-sale financial assets	0	512
Share of other changes in equity in Associates	-20.802	-24.850
Reserve of exchange differences on translation	-4.196	-2.542
Revenue reserves	116.150	109.333
Accumulated profit	241.454	246.676
Equity attributable to equity holders of the parent	347.615	343.962
Non-controlling interest	76.821	81.165
424.436	425.127

Liabilities and provisions

Non-current financial and provisions

Non-current financial liabilities, net of current portion	78.668	85.757
Non-current portion of deferred government grants	6.970	6.846
Other financial liabilities	802	979
Other non-financial liabilities	2.231	2.230
Deferred income tax liabilities Provisions Provisions for employee benefits	14.638 11.449	15.025 12.628
Other provisions	14.018	12.872
128.776	136.337
Current liabilities and provisions
Current portion of non-current financial liabilities	29.207	32.379
Trade payables	36.107	38.721
Current portion of deferred government grants	484	1.223
Other financial liabilities	26.839	13.155
Other non-financial liabilities	11.597	11.304
Income tax obligations Provisions Provisions for employee benefits	8.388 8.384	5.011 7.308
Other provisions	1.978	1.875
122.984	110.976
251.760	247.313
676.196	672.440

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