29. Disclosures of transactions not recorded in the statement of financial position in accordance with Sec. 266 (2a) of the Austrian Commercial Code (UGB)

Trade receivables amounting to EUR 691.0 million (March 31, 2011: EUR 614.2 million) were sold and derecognized. With regard to factoring, credit insured trade receivables are assigned to banks at 100% of their nominal value, whereby the acquiring banks assume the default risk (del credere risk and political risk); moreover, the power of disposition is transferred to the buyer of the receivables. The seller assumes a contingent liability in the amount of the deductible (mostly 10%) of the credit insurance. At the reporting date, the maximum risk from the contingent liability amounts to EUR 69.1 million (March 31, 2011: EUR 68.3 million).

to pagetop
  • Share price, end of period (euros) 25.22    EPS – Earnings/share (euros) 1.98    Dividend/share (euros) 0.80
  • Ad-Hoc NewsInvestor Relations