A. 1. 2. Number of fully consolidated entities Germany Other countries Total 1 January 2015 9 39 48 Newly founded 6 8 14 First-time consolidation 0 1 1 Disposals -4-25 -29 31 December 2015 11 23 34 Germany founded in 2015 ABF Immobilien GmbH, Kötz NBF GmbH, Kötz AL-KO Immoblien GmbH, Kötz AL-KO Polinya GmbH, Kötz AL-KO Abadiano GmbH, Kötz AL-KO VT Beteiligungs GmbH, Kötz ALOIS KOBER GMBH, Kötz AL-KO DÄMPFUNGSTECHNIK GMBH, Rossau Sawiko Fahrzeugzubehör GmbH, Neuenkirchen-Vörden disposed of in 2015
Other countries founded in 2015 first-time consolidated in 2015 AL-KO Brasil Participacoes Ltd., Sao Paulo, Brazil AL-KO Garden & Home S.r.l., Brivio, Italy AL-KO Real Estate UK Limited, Southam, UK AL-KO TEKNOLOJI VE ARAC LTD. STI. Ümraniye, Istanbul, Turkey AL-KO Technology Austria GmbH, Ramsau, Austria AL-KO Actuation Systems GmbH, Zellberg, Austria AL-KO INTERNATIONAL Pty. Ltd., Dandenong South, Australia AL-KO TRAILCO (Pty.) Ltd., Vereeniging, South Africa AL-KO KOBER GmbH, Vintl, Italy AL-KO Machinery Co. Ltd., Yantai, China AL-KO Automotive Parts Manufacturing (Ningbo) Co. Ltd., Fenghua, China S.C. AL-KO KOBER S.R.L., Sura Mica, Romania AL-KO KOBER TECHNOLOGY, Sura Mica, Romania AL-KO Technology CZ s r.o., Vizovice, Czech Republic AL-KO Technology Polska Sp. Z o. o., Przezmierowo, Poland AL-KO S.A.S., Louhans, France OOO "AL-KO Technology RUS", Moscow, Russia Societe Nouvelle RTN-GOETT S.A.S., Noyant, France AL-KO KOBER Holdings Ltd., London, UK AL-KO KOBER Ltd., Southam, UK AL-KO KOBER AB, Göteborg, Sweden AL-KO RECORD S.A., Abadiano, Spain AL-KO ESPANA S.A.U., Utebo-Zaragoza, Spain AL-KO KOBER B.V., Hengelo, Netherlands Bradley Doublelock Ltd., Bingley, UK Bradley Industrial Holding, Bingley, UK Bradley Industrial Ltd., Bingley, UK disposed of in 2015
No. Company s name and location Share in capital % Consolidation method 1. AL-KO GmbH, Jettingen-Scheppach 2. AL-KO KOBER SE, Kötz 66.67 c 1 3. ABF Immobilien GmbH, Kötz 66.67 c 2 4. NBF GmbH, Kötz 66.67 c 2 5. AL-KO Immoblien GmbH, Kötz 66.67 c 2 6. AL-KO Polinya GmbH, Kötz 66.67 c 2 7. AL-KO Abadiano GmbH, Kötz 66.67 c 2 8. Gewerbepark Günzburg GmbH, Günzburg 66.67 c 2 9. AL-KO GERÄTE GmbH, Kötz 66.67 c 2 10. AL-KO THERM GmbH, Jettingen-Scheppach 66.67 c 2 11. AL-KO KOBER Ges.m.b.H, Zellberg, Austria 66.67 c 2 12. AL-KO KOBER Industries Inc., Wilmington, USA 66.67 c 2 13. AL-KO KOBER Holdings (Pty) Ltd., Vereeniging, South Africa 66.67 c 2 14. AL-KO KOBER AG, Spreitenbach, Switzerland 66.67 c 2 15. AL-KO KOBER Sp. z.o.o., Przezmierowo, Poland 66.67 c 2 16. AL-KO Kober SIA, Riga, Latvia 66.67 c 2 17. ZAO AL-KO St. Petersburg GmbH, St. Petersburg, Russia 66.67 c 2 18. OOO AL-KO St. Petersburg, St. Petersburg, Russia 66.67 c 2 19. OOO AL-KO KOBER, Moscow, Russia 66.67 c 2 20. TOV "AL-KO Kober", Kiev, Ukraine 66.67 c 2 21. AL-KO Real Estate UK Limited, Southam, UK 66.67 c 2 22. APL GmbH, Kötz 66.67 c 10 23. AL-KO AXIS Inc., Elkhart, USA 66.67 c 12 24. AL-KO AUTOMOTIVE CORPORATION, Elkhart, USA 66.67 c 12 25. AL-KO KOBER LLC, Elkhart, USA 66.67 c 26 26. AXIS Products Inc., Elkhart, USA 66.67 c 23 27. TRAILAX (Pty.) Ltd., Vereeniging, South Africa 66.67 c 13 28. AL-KO Garden & Home S.r.l., Brivio, Italy 66.67 c 9 29. AL-KO Air Technology Co. Ltd., Taicang, China 66.67 c 10 30. AL-KO Kft., Alsonemedi, Hungary 66.67 c 9 31. Kober spol. s.r.o., Vizovice, Czech Republic 66.67 c 11 32. AL-KO KOBER Slovakia spol. S.R.O., Bernolakovo, Slovak Republic 66.67 c 31 33. AL-KO GINGE A/S, Bronderslev, Denmark 66.67 c 9 34. GINGE Svenska AB, Hisings Kärra, Sweden 66.67 c 33 35. LKV-Oelze Lufttechnische Komponenten Vertriebsgesellschaft mbh, Neustadt 25.00 a 10 36. AL-KO Luchttechniek B.V., Roden, Netherlands 22.00 a 10 37. Shaani Baocheng-AeroTech Air-Conditioning Equipment Co. Ltd., Baoji City, China 37.90 e 10 38. AL-KO THERM d.o.o., Ljubljana, Slovenia 33.30 a 10 39. LKV Lufttechnische Komponenten Vertriebsgesellschaft mbh, Neubrandenburg 48.00 a 10 40. AL-KO AIR Technology AG, Jona, Switzerland 25.00 a 10 Held by No. Consolidation method - as of 31 December 2015 c Fully consolidated entities pursuant to sec. 313 (2) no. 1 e Financial assets consolidated using the equity method pursuant to Sec. 313 (2) No. 2 a Equity investments pursuant to sec. 313 (2) No. 4
Balance sheet Book value of disposals in EUR k Intangible assets and property, plant and equipment 75,871 Other financial assets 1,636 Inventories 56,361 Receivables and other assets 50,284 Cash and cash equivalents 23,070 Provisions -60,523 Liabilities -38,865 3.
4.
B. I. 1. 2015 2014 EUR k EUR k AL-KO Luchtechniek B.V., Roden, Netherlands 4 4 LKV-Oelze Lufttechnische Komponenten Vertriebsgesellschaft mbh, Neustadt 14 198 LKV Lufttechnische Komponenten Vertriebsgesellschaft mbh, Neubrandenburg 12 12 AL-KO THERM d.o.o., Ljubljana, Slovenia 9 9 AL-KO AIR Technology AG, Jona, Switzerland (in liquidation) 0 0 39 223 2.
3. 4. 5. 31 Dec 2015 EUR Pension obligation 35,296,533 Plan assets (fair value) 342,784 Pension provision 34,953,749 Plan assets (historical cost) 342,784 Interest cost on the pension obligation 1,345,877 Income from plan assets 24,801 Interest epense 1,322,583 6. 7.
8. Total Due within 1 year Due in 1 to 5 years Due in more than 5 years EUR EUR EUR EUR Liabilities to banks 56,332,131.16 29,264,130.34 12,908,190.32 14,159,810.50 Payments received on account of orders 1,044,527.14 1,035,107.66 8,558.68 860.80 Trade payables 22,858,906.51 22,858,906.51 0.00 0.00 Other liabilities 25,947,750.08 25,648,296.37 299,453.71 0.00 106,183,314.89 78,806,440.88 13,216,202.71 14,160,671.30 31 Dec 2015 31 Dec 2014 EUR EUR Ta liabilities 1,999,889.22 6,242,969.52 Liabilities related to social security 493,804.43 2,485,022.58 Sundry other liabilities 23,454,056.43 50,491,449.96 25,947,750.08 59,219,442.06 9.
II. 1. 2015 Abbreviated FY EUR k 12 Jun to 31 Dec 2014 EUR k Automotive Technology 400,943 259,932 Garden + Hobby 154,210 92,186 Air Technology 110,247 62,774 Real Estate 1,859 0 667,259 414,892 2. 3. 4. 5. 6.
7. 8. C. 1.
2. 2015 Headcount Salaried employees 2,012 Wage earners 1,708 3,720 3. 4. Face value Market value EUR k Line item 31 Dec 2015 31 Dec 2015 31 Dec 2015 Forward echange contracts (buy) USD k 19,050-72 Other provisions Forward echange contracts (buy) CNY k 165,570-721 EUR 832 k
5. Amount in EUR k Line item Hedged risk Type of hedge Hedged volume 605 - Currency risk Micro-Hedge HUF 190,153k 6. 7.
8. 2015 EUR k Audit fees 309 Other services 126 435
Statement of Changes in Fied Assets of AL-KO GmbH, Jettingen-Scheppach (formerly: Kober Beteiligungs GmbH, Jettingen-Scheppach), for the Fiscal Year 2015 Historical cost 1 Jan 2015 Currency Additions Reclassi- Disposals Change to the 31 Dec 2015 translation fications consolidated group EUR EUR EUR EUR EUR EUR EUR I. Intangible assets 1. Internally generated industrial property rights and and similar rights and assets 16,894,821.81-19.63 3,034,652.91-14,344,547.76 80.04-3,590,439.94 1,994,387.35 2. Concessions, industrial property rights and similar rights and assets acquired for a consideration 39,950,879.22 5,485.20 3,124,967.81 14,107,501.28 793,199.07-23,886,826.61 32,508,807.83 3. Goodwill 7,912,135.45 54,871.64 0.00 0.00 0.00-4,062,321.21 3,904,685.88 64,757,836.48 60,337.21 6,159,620.72-237,046.48 793,279.11-31,539,587.76 38,407,881.06 II. Property, plant and equipment 1. Land, land rights and buildings including buildings on third-party land 240,595,499.30 75,844.93 9,715,048.56 87,303.69 0.00-11,976,260.72 238,497,435.76 2. Plant and machinery 131,613,446.53 338,160.39 8,477,318.72 5,248,859.98 1,334,959.82-116,366,052.37 27,976,773.43 3. Other equipment, furniture and fitures 130,084,494.68 229,760.47 8,404,785.39 1,034,672.71 0.00-67,590,913.36 72,162,799.89 4. Payments on account and assets under construction 14,638,736.69-26,224.21 2,657,087.54-6,133,789.90 7,366,684.42-2,019,871.24 1,749,254.46 516,932,177.20 617,541.58 29,254,240.21 237,046.48 8,701,644.24-197,953,097.69 340,386,263.54 III. Financial assets 1. Shares in affiliated companies 55,743.01 0.00 0.00 0.00 55,743.01 0.00 0.00 2. Equity investments in associated companies 1,850,402.02 112,361.95 38,835.67 0.00 183,594.32 0.00 1,818,005.32 3. Equity investments 104,189.07-1.51 1,050,815.50 0.00 0.00-542.28 1,154,460.78 4. Long-term investments 6,425,132.80 0.00 82,865,460.39 0.00 932,893.32-1,587,010.74 86,770,689.13 5. Other loans 197,188.25 0.00 10,378,229.65 0.00 8,289.91-48,124.31 10,519,003.68 8,632,655.15 112,360.44 94,333,341.21 0.00 1,180,520.56-1,635,677.33 100,262,158.91 590,322,668.83 790,239.23 129,747,202.14 0.00 10,675,443.91-231,128,362.78 479,056,303.51
Accumulated depreciation and amortization Book value 1 Jan 2015 Currency Additions Reclassi- Disposals Change to the 31 Dec 2015 31 Dec 2015 31 Dec 2014 translation fications consolidated group EUR EUR EUR EUR EUR EUR EUR EUR EUR 941,644.29 373.55 767,596.41-99,427.65 0.00 0.00 1,610,186.60 384,200.75 15,953,177.52 19,850,988.52 19,874.51 5,094,585.51-16,737.14 0.00-3,237,598.73 21,711,112.67 10,797,695.16 20,099,890.70 2,869,554.63 0.00 1,649,008.81 0.00 0.00-1,577,411.03 2,941,152.41 963,533.47 5,042,580.82 23,662,187.44 20,248.06 7,511,190.73-116,164.79 0.00-4,815,009.76 26,262,451.68 12,145,429.38 41,095,649.04 74,026,262.41 310,711.86 22,664,222.61 82,380.29 0.00-2,413,946.84 94,669,630.33 143,827,805.43 166,569,236.89 107,124,090.20 322,650.55 7,242,717.53 588,007.52 1,391,289.64-90,963,369.10 22,922,807.06 5,053,966.37 24,489,356.33 104,118,519.23 233,933.44 10,923,737.85-554,223.02 0.00-55,429,383.37 59,292,584.13 12,870,215.76 25,965,975.45 13,440.55 0.00 0.00 0.00 13,440.55 0.00 0.00 1,749,254.46 14,625,296.14 285,282,312.39 867,295.85 40,830,677.99 116,164.79 1,404,730.19-148,806,699.31 176,885,021.52 163,501,242.02 231,649,864.81 49,493.01 0.00 0.00 0.00 49,493.01 0.00 0.00 0.00 6,250.00 211,073.47 0.00 0.00 0.00 0.00 0.00 211,073.47 1,606,931.85 1,639,328.55 96,378.00 0.00 0.00 0.00 0.00 0.00 96,378.00 1,058,082.78 7,811.07 2,639.30 0.00 5,614.40 0.00 0.00 0.00 8,253.70 86,762,435.43 6,422,493.50 97,011.84 0.00 0.00 0.00 0.00 0.00 97,011.84 10,421,991.84 100,176.41 456,595.62 0.00 5,614.40 0.00 49,493.01 0.00 412,717.01 99,849,441.90 8,176,059.53 309,401,095.45 887,543.91 48,347,483.12 0.00 1,454,223.20-153,621,709.07 203,560,190.21 275,496,113.30 280,921,573.38
Consolidated Statement of Changes in Equity of AL-KO GmbH, Jettingen-Scheppach (formerly: Kober Beteiligungs GmbH, Jettingen-Scheppach), for the Fiscal Year 2014 and 2015 Subscribed Capital Revenue Equity Group Equity Non- Group capital reserve forward difference from profit for the controlling equity currency year interests translation EUR k EUR k EUR k EUR k EUR k EUR k EUR k EUR k 12 June 2014 500 42,746 0 0 0 43,246 110,620 153,866 Distribution 0 0 0 0 0 0-1,707-1,707 Acquisition of shares held by third partie 0 0 1,765 0 0 1,765-12,276-10,511 Net profit of the Group for the year 0 0 0 0 11,154 11,154 5,134 16,288 Echange differences 0 0 0-297 0-297 -139-436 31 December 2014 500 42,746 1,765-297 11,154 55,868 101,632 157,500 Distribution 0 0 0 0 0 0-20,000-20,000 Addition of profit brought forward 0 0 11,154 0-11,154 0 0 0 Changes in the consolidated group 0 0 0 0 0 0-36,096-36,096 Net profit of the Group for the year 0 0 0 0 192,235 192,235 101,327 293,562 Echange differences 0 0 0 5,604 0 5,604 2,803 8,407 31 December 2015 500 42,746 12,919 5,307 192,235 253,707 149,666 403,373
The following auditor s report issued in accordance with German commercial law relates to the consolidated financial statements and the Group management report of AL-KO GmbH (formerly: Kober Beteiligungs GmbH) for the fiscal year 2015. The Group management report is not printed in this prospectus. The following auditor s report (Bestätigungsvermerk) and the corresponding consolidated financial statements are both translations of the respective German language documents.