• Contact
• Sitemap
• Help
• Imprint
• Deutsch

The asset and financial situation of SinnerSchrader was stable in the 2005/2006 financial year in view of the exclusively organic development of business. The company is still debt-free and has a significant liquidity reserve of around € 10 million.

The short-term current assets, without the liquidity reserve, increased by around € 1.4 million to around € 3.4 million from 31 August 2005 to 31 August 2006 because of business growth, which was particularly dynamic in the last two months of the year of the report. At € 0.1 million, this rise was only slightly covered by a parallel rise in short-term liabilities including the other reserves.

After years with a low investment level and falling fixed assets, in the 2005/2006 financial year SinnerSchrader once again made considerable investments in tangible assets and software. The relevant asset items rose by almost € 0.2 million.

Furthermore, the deferred tax asset item rose by € 0.36 million to € 0.5 million. Under IFRS, the value adjustment for deferred tax assets which related to the use of domestic loss carry-forwards had to be dissolved as of 31 August 2006 because the use of loss carry-forwards could no longer be classed as less probable on account of future profits.

Due to the above-mentioned developments of the asset items, the balance sheet total rose by a total of € 1.3 million to a value of € 15.1 million on 31 August 2006. In the year of the report, the equity rose to € 11.5 million on account of the net income achieved in the financial year. This means that the equity ratio on the balance sheet date was 76.5 % in comparison to a rate of 75.2 % one year earlier.