74 | Flughafen Berlin Brandenburg GmbH The financial performance indicators below depict the commercial development of BER. The result under commercial law has been adjusted for non-operating items. Financial performance indicators 2012 2011 Annual Result (in €m) -185.2 -74.5 EBIT in €m (excluding non-operating results, financial results and taxes) EBITDA in €m (EBIT excluding depreciation and amortisation) -21.2 12.1 57.9 86.4 In addition to the operating result (€-21.2m) the result for the year includes the financial result (€-103.5m), non-operating income (€6.6m) and non-operating expenditures (€-67.1m). The expenditures and income from the following items and others are shown in the non-operating result (€-60.5m): the non-operating income of €6.6m mainly includes income from the reversal of provisions (€4.4m) and income from the reversal of value allowances (€1.2m), while the non-operating expenditures of €67.1m essentially include expenditures for damage compensation claims, for legal disputes and risk provisions for imminent losses pursuant to the postponement of the operational start-up of BER (€35.7m) Cost of materials (€10.2m), unscheduled depreciation (€4.8m) and allocations to provisions for contingent losses (€7.2m) are disclosed as non-operating expenditures from the subsequent valuation of the third-party services and construction services for third parties performed with respect to the underground fuelling. In addition, taxes for previous years as a result of the conclusion of the tax office (€1.8m) are included.
C.2 Assets and liabilities Assets and liabilities compare to the previous year as shown below: Assets 31/12/2012 31/12/2011 Change The increase in fixed assets results primarily from the additions for the realisa- tion of BER (€611.2m). This is contrasted by the disposal of assets (€3.6m) and depreciation (€80.9m). Inventories increased to €27.1m during the reporting period, essentially a consequence of uninvoiced services for underground fuelling. The land in Business Park Berlin is shown under current assets, just as in the past. This measurement assumed future development and exploitation as a commercial area. Book value in the fiscal year now amounts to €28.6m. Among other items, the long-term liabilities include €2,224.9m in liabilities due to banks, payments received on account for ground rent and grants for investments (€77.5m) and provisions for partial retirement and pension com- Our Figures | 75 €m % €m % €m % Fixed assets 3,171.0 93.8 2,638.0 93.3 533.0 20.2 Inventories 27.1 0.8 24.7 0.9 2.4 9.7 Short-term receivables and other assets 70.5 2.1 71.6 2.5 -1.1 -1.5 Long-term receivables 11.3 0.3 9.3 0.3 2.0 21.8 Land Business Park Berlin 28.6 0.8 28.3 1.0 0.3 1.0 Cash 56.7 1.7 43.8 1.5 12.9 29.4 Other assets 16.6 0.5 15.3 0.5 1.3 7.8 Capital 3,381.8 100.0 2,831.0 100.0 550.8 19.5 Shareholders' equity 761.9 22.6 942.1 33.3 -180.2 -19.1 Special accounts 105.1 3.1 86.1 3.0 19.0 22.1 Long-term liabilities 2,350.5 69.4 1,635 57.8 715.5 43.8 Short-term liabilities 164.3 4.9 167.8 5.9 -3.5 -2.2 3,381.8 100.0 2,831.0 100.0 550.8 19.5
Annual Report 2012 SXF, TXL & BER
Contents Before We Begin ..........
Editorial “We can do airport, we
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