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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 2015disposed of in
2015
ABF Immobilien GmbH, Kötz x
NBF GmbH, Kötz x
AL-KO Immoblien GmbH, Kötz x
AL-KO Polinya GmbH, Kötz x
AL-KO Abadiano GmbH, Kötz x
AL-KO VT Beteiligungs GmbH, Kötz x x
ALOIS KOBER GMBH, Kötz x
AL-KO DÄMPFUNGSTECHNIK GMBH, Rossau x
Sawiko Fahrzeugzubehör GmbH, Neuenkirchen-Vörden x
Other countries founded in 2015 first-time consolidated in 2015disposed of in
2015
AL-KO Brasil Participacoes Ltd., Sao Paulo, Brazil x x
AL-KO Garden & Home S.r.l., Brivio, Italy x
AL-KO Real Estate UK Limited, Southam, UK x
AL-KO TEKNOLOJI VE ARAC LTD. STI. Ümraniye, Istanbul, Turkey x
AL-KO Technology Austria GmbH, Ramsau, Austria x x
AL-KO Actuation Systems GmbH, Zellberg, Austria x x
AL-KO INTERNATIONAL Pty. Ltd., Dandenong South, Australia x
AL-KO TRAILCO (Pty.) Ltd., Vereeniging, South Africa x
AL-KO KOBER GmbH, Vintl, Italy x
AL-KO Machinery Co. Ltd., Yantai, China x
AL-KO Automotive Parts Manufacturing (Ningbo) Co. Ltd., Fenghua, China x
S.C. AL-KO KOBER S.R.L., Sura Mica, Romania x
AL-KO KOBER TECHNOLOGY, Sura Mica, Romania x x
AL-KO Technology CZ s r.o., Vizovice, Czech Republic x x
AL-KO Technology Polska Sp. Z o. o., Przezmierowo, Poland x x
AL-KO S.A.S., Louhans, France x
OOO "AL-KO Technology RUS", Moscow, Russia x x
Societe Nouvelle RTN-GOETT S.A.S., Noyant, France x
AL-KO KOBER Holdings Ltd., London, UK x
AL-KO KOBER Ltd., Southam, UK x
AL-KO KOBER AB, Göteborg, Sweden x
AL-KO RECORD S.A., Abadiano, Spain x
AL-KO ESPANA S.A.U., Utebo-Zaragoza, Spain x
AL-KO KOBER B.V., Hengelo, Netherlands x
Bradley Doublelock Ltd., Bingley, UK x
Bradley Industrial Holding, Bingley, UK x
Bradley Industrial Ltd., Bingley, UK x
No. Company’s name and locationConsolidation method
Held by
No.
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. Shaanxi 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
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
Share in capital
%
3.
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
4.
B.
I.
1.
2.
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
3.
4.
5.
6.
7.
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 expense 1,322,583
8.
9.
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
Tax 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
II.
1.
2.
3.
4.
5.
6.
2015 Abbreviated FY
12 Jun to 31 Dec 2014
EUR k 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
7.
8.
C.
1.
2.
3.
4.
2015
Headcount
Salaried employees 2,012
Wage earners 1,708
3,720
Face value Market value EUR k Line item
31 Dec 2015 31 Dec 2015 31 Dec 2015
Forward exchange contracts (buy) USD k 19,050 -72 Other provisions
Forward exchange contracts (buy) CNY k 165,570 -721 EUR 832 k
5.
6.
7.
Amount in EUR k Line item Hedged risk Type of hedge Hedged volume
605 - Currency risk Micro-Hedge HUF 190,153k
8.
2015
EUR k
Audit fees 309
Other services 126
435
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 fixtures 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
Statement of Changes in Fixed Assets
of AL-KO GmbH, Jettingen-Scheppach
for the Fiscal Year 2015
Historical cost
(formerly: Kober Beteiligungs GmbH, Jettingen-Scheppach),
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
Book valueAccumulated depreciation and amortization
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 parties 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
Exchange 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
Exchange 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
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
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.
