→ 70 | Flughafen Berlin Brandenburg GmbH New construction of major infrastructure elements of the airport is linked to the operational startup of Berlin Brandenburg Airport on the Schönefeld site. The end of the useful life for some of the facilities in the area of the terminal Schönefeld North has been set for the second half of 2017 after completion of BER, followed by a half-year hibernation period, because later use of the buildings and equipment in this area is not planned. The useful life periods of equipment which will be used in the future by the diplomatic service and flight service of Germany have not been changed. Stock rights in the financial assets were measured at the lower of acquisition costs or the attributable value. Stocks of raw materials and supplies in the inventories were measured at the lower of average acquisition costs or replacement costs on the balance sheet date. All discernible risks related to raw materials and supplies have been taken into account by reasonable devaluations. Except for the retention of title clauses usual in business, the inventories are free of any third-party rights. Receivables and other assets are measured at nominal value. All of the items entailing risks have been given due consideration by the creation of reasonable valuation allowances. Long-term receivables are measured at cash value. The plots of land for Business Park Berlin designated for sale and disclosed under Other assets are measured at the lower attributable value oriented to the fair value for land which is expected to be developed in the near future. This value was determined on the assumption of future development and exploitation as a commercial area. Cash is disclosed at the nominal amount in the balance sheet Prepaid expenses include expenditures for expenses after the closing date. A payment originally in the amount of €14.0m was made in 2009 to the lender within the framework of the loan agreements for the financing of BER. This payment is offset against future interest savings. The Company has deferred this amount as expenses similar to interest so that the expenses are distributed over the term of the loans. Subscribed capital and capital reserves are shown at nominal value. Investment grants and investment subsidies for fixed assets are shown as special accounts on the liabilities side. They are reversed over the course of the write-offs. The reversal amounts are shown under Other operating income. All discernible risks have been taken into account for the creation of provisions. Provisions for pensions and similar obligations are measured at the cash values for current pensions, calculated in accordance with actuarial principles at the interest rate of 3.89% (previous year: 4.62%) determined by the Deutsche Bundesbank for equivalent terms. In this case, the option provided by Section 253 (2) second sentence HGB was exercised and the market interest rate for a remaining term of 15 years was applied as a flat rate. A pension trend of 2.0% (unchanged) was assumed. The projected unit credit method (PUC method) was utilised as the measurement procedure, and the calculations are based on the probability data of the reference tables 2005 G of Klaus Heubeck.
Unsere Zahlen | 71 ← The tax provisions and the other provisions cover all of the contingent liabilities and obligations. They have been created in the performance amount dictated by reasonable commercial judgement. If the remaining term is more than one year, they are discounted at an interest rate determined by the Deutsche Bundesbank for the pertinent term. The long-term provisions are measured in accordance with the net method, i.e. provisions are discounted and recorded at cash value. Changes from interest expenditures do not result until subsequent years within the context of the accrued interest. The provisions for partial retirement regulations include commitments from outstanding wage payments based on the collective bargaining agreement regulating partial retirement as well as obligations to pay additional increases of benefits that will presumably arise pursuant to the collective bargaining agreement in force from 1 September 2013. Provisions for partial retirement were measured on the basis of an actuarial assessment pursuant to Section 253 (1) and (2) HGB. The discounting of the provisions to cash value is calculated by applying an interest rate of 3.89% (previous year 4.62%). A salary trend of 1.5% was assumed (unchanged) for the measurement of the partial retirement provisions. Liabilities are shown at the payment amounts. Deferred income contains income representing earnings for a certain period after the closing date. Deferred taxes There was no measurement of a reimbursement from deferred taxes in conformity with Section 274 (1) HGB. A deferred payment is disclosed as a balance. No deferred taxes from consolidation measures pursuant to Section 306 HGB resulted. Consolidation principles Capital was consolidated according to the basis method. The book value of the shareholdings in the consolidated companies disclosed in the FBB balance sheet is offset against the equity disclosed in the balance sheets of these subsidiaries at the point in time of the initial consolidation. The capital consolidation of BFG results in a difference on the liability side in the amount of €21.2m (previous year €21.2m) which is allocated to the capital reserves. The capital consolidation of the Dalandi-Objektgesellschaften results in a difference on the assets side in the amount of €17.6m. The difference was offset against the existing earnings reserves (€2.3m) through application of the de facto option existing at the point in time of the initial consolidation. The remaining amount of €15.3m was offset against the accumulated deficit carried forward. Shares of other shareholders were measured in the amount of the arithmetic share of shareholders’ equity of the consolidated companies. Receivables and liabilities among the consolidated companies are offset against each other. Sales revenues and other income were offset against the corresponding expenditures. The closing date for all of the companies included in the consolidation is the same as that of the parent company. All of the annual accounts included in the consolidation were prepared in euros.
Annual Report 2015 SXF, TXL, BER
Inhalt | 3 ← Contents Before We B
Before We Begin | 7 ← Editorial D
Airport CEO Karsten Mühlenfeld wel
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BERLIN Zadar Zurich Zagre Viennna V
A relief flight of the German Red C
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