→ 68 | Berlin Brandenburg Airport → Annual Report 2011 Liabilities movement in €k Other provisions Other major provisions have been created • for the services which must still be performed for the railway connection of BER (€9,208k, previous year €18,822k); • for partial retirement (€22,603k, previous year €22,746k); • for unpaid invoices (€8,727k, previous year €4,897k); • for the personnel concept TransFair BBI (€15,358k, previous year €11,398k). Liabilities Details of the remaining terms are shown in the liabilities movement. Type of liability Up to 1 year 1 to 5 years 1. Liabilities due to banks (Previous year) 2. Liabilities from payments received on account (Previous year) 3. Trade accounts payable (Previous year) 4. Other liabilities (Previous year) thereof for taxes: (2,563; previous year 1,258) Total (Previous year) 5,209 (2,946) 21,238 (0) 47,882 (41,032) Remaining Term Total 77,206 (35,476) 0 (18,207) 0 (0) More than 5 years 31/12/2011 31/12/2010 1,457,667 1,540,082 (854,873) 893,295 0 (0) 0 (0) 31,203 (25,728) (0) (0) 105,532 (69,706) 77,206 (53,683) 1,457,667 (854,873) 21,238 47,882 31,203 1,640,405 18,207 41,032 25,728 978,262 The liabilities due to banks in the amount of €1,540,082k result from the utilisation of the credit line of the BER long-term financing. The liabilities from payments received on account result largely from partial payments for the construction work which is being performed by FBB on behalf of third-party investors. Deferred income The major components of the deferred income are payments received on account for ground rent and grants for investments in buildings or investments for the development of land areas and grants for servicing and maintenance obligations. Payments received on account are discounted to the cash value as agreed in the leases and reversed over the duration of the leases. The grants are included, effective on earnings, on the basis of the useful life of the pertinent assets.
Deferred taxes Deferred taxes are a consequence of deviations in value measurements of assets, liabilities and deferred expenses and income caused by differences in commercial and tax laws. In the annual accounts per 31/12/2011, the deferred tax liabilities of €-3k, which essentially result from differing measurements of tangible assets and other provisions, are offset against deferred tax reimbursements of €3,479k. The option provided under Section 274 (1) second sentence HGB was exercised so that the balance has not been capitalised. The deferred tax reimbursements are primarily a consequence of the differing valuations of tangible and financials assets, inventories, pension provisions and other provisions. Deferred tax reimbursements arising from the application of tax laws related to accumulated deficits brought forward have not been valuated because they cannot be offset within the next five years on the basis of the corporate planning. The deferred taxes are based on a tax rate of 25.1 per cent. Contingent liabilities During the sale of GGB, BFG agreed to a limited guarantee catalogue usual on the market which includes standard guarantees and risks: pension provisions, the effectiveness of the retroactivity of the collective agreement for safeguarding jobs of the GGB and the correctness of disclosed information. A balanced tax exemption obligation, limited to 31 December 2007, was given. The liability is limited to a value of €2,053k. Off-balance-sheet transactions Other financial liabilities Payment obligations from leases and leasing agreements Payment obligations equalisation levy for sealing in accordance with the planningstipulation decision Payment obligations pursuant to the leasing agreements with Dalandi Objekt KGs 1) Payment obligations pursuant to construction permit agreements/compensation payments Order commitment from awarded investment/consulting contracts 31/12/2011 €k Annual Report 2011 � Berlin Brandenburg Airport | 69 � 31/12/2010 €k 4,719 1,273 12,849 12,849 240,000 240,000 3,434 0 377,780 511,211 Total 638,782 765,333 1) This value represents the cash value of the maximum future payment obligations (rent and interest and repayment) if the interest rate implicitly to be paid by FBB in excess of the leasing rate is applied as the discount interest rate. The exact payment obligations will not be known until after conclusion of the construction activities.
Annual Report 2011 SXF, TXL & BER
The Berlin Airports Schoenefeld and
→ 4 | Berlin Brandenburg Airport
→ 6 | Berlin Brandenburg Airport
→ 8 | Berlin Brandenburg Airport
→ 10 | Berlin Brandenburg Airport
→ 12 | Berlin Brandenburg Airport
→ 14 | Berlin Brandenburg Airport
→ 16 | Berlin Brandenburg Airport
→ 118 | Berlin Brandenburg Airpor
→ 120 | Berlin Brandenburg Airpor
→ 122 | Berlin Brandenburg Airpor