CONSOLIDATED FINANCIAL STATEMENTS
OF KLINGELNBERG AG
FOR THE FISCAL YEAR ENDED 31 MARCH 2018

KLINGELNBERG GROUPCONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2018

AssetsEUR 000

Current assets
Cash and cash equivalents

8.632

Receivables from goods and services

72.183

Derivative financial instruments

191

Other short-term receivables

9.112

Inventories

76.248Prepayments and accrued income

Total currents assets879
167.245

Non-current assets
Tangible fixed assets

51.737Loans and other receivables

1.509

Investments in joint ventures

1.537

Deferred tax assets10.779

Other financial assets

540

Intangible assets

1.688

Total non-current assets

67.790Total assets

235.035

2 - CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2018

KLINGELNBERG GROUPCONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2018
Liabilities

EUR 000

Current liabilities
Short-term financial liabilities

22.035

Payables from goods and services

15.805Derivative financial instruments

126

Other short-term liabilities

29.629Accrued liabilities and deferred income

14.735

Short-term provisions

7.846

Total current liabilities

90.176

Non-current (long-term) liabilities
Loan from shareholder (subordinated)

0

Other long-term financial liabilities

6.295

Other long-term liabilities

0

Deferred tax liabilities

2.657

Long-term provisions

15.646

Total non-current (long-term) liabilities

24.598

Total liabilities

114.774

EquityEUR 000

Share capital

26.726

Capital reserves

33.410Retained earnings

60.125

Total equity

120.261

Total liabilities and equity

235.035

3 - CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2018

KLINGELNBERG GROUPCONSOLIDATED INCOME STATEMENT1 APRIL 2017 TO 31 MARCH 2018
EUR 000
Net sales from goods and services

257.027

Other operating income

2.917

Change in inventory of finished and unfinished goods as well as
unbilled goods and services

5.480

Raw material expense-100.873

Personnel expense-94.808

Depreciation on tangible fixed assets-6.106

Amortisation on intangible assets
Other operating expense
Share of result from joint ventures

Operating result
Financial result-450-41.451322
22.058-773

Profit before income taxes

21.285

Income taxes-7.053

Net profit

14.2324 - CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2018

KLINGELNBERG GROUPCONSOLIDATED CASH FLOW STATEMENT 2017/2018
EUR 000
Net profit

14.232

Depreciation / amortisation / write-up of tangible fixed assets and intangible assets

6.556

Decrease / increase in provisions (including deferred taxes)-838

Loss / profit from the disposal of tangible fixed assets and intangible assets

317

Increase / decrease of receivables from goods and services-8.012

Increase / decrease of inventories-8.038

Increase / decrease of other receivables and prepayments and accrued income (including deferred tax)

-2.826

Share of loss / profits from the application of the equity method-322

Increase / decrease of payables from goods and services

1.596

Increase / decrease of other short-term liabilities and accrued liabilities and deferredincome4.131

Other non-cash items-387

Cash flow from operating activities

6.409

Inflows / Outflows for investment in financial assets (including loans, participations,securities,…)
Outflows for investment in tangible fixed assets

236-5.463

Inflows from the sale of tangible fixed assets

436

Outflows for investment in intangible assets-770

Inflows from the sale of intangible assets

0Receipt from the disposal of consolidated organisations (less cash given)

0

Cash flow from investing activities-5.561

Distribution of profits-2.800Issuance / repayment of short-term financial liabilities

4.402

Issuance / repayment of long-term financial liabilities

0

Cash flow from financing activities

1.602

Currency translation effects-487

Net change in cash

1.963

Opening balance of cash and cash equivalents at 1.4.

6.669

Closing balance of cash and cash equivalents at 31.3.

8.632

Net change in cash

1.963

5 - CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2018

KLINGELNBERG GROUPCONSOLIDATED STATEMENT OF CHANGES IN EQUITYAS AT 31 MARCH 2018
Retained earnings

EUR 000

SharecapitalCapitalreserves

Goodwill
offset withequity

Other
retainedearnings

26.72614.157-20.51764.6887.714

51.88592.768

Capital increase and decrease

019.2530000

19.253Currency translation differences0000-3.300-3.300-3.300

Net result from cash flow hedges

0001080108108

Dividends

000-2.800

0-2.800-2.800Net profit000

14.232014.232

14.23226.72633.410-20.51776.2284.414

60.125120.261

Balance as at 1.4.2017 - restatedBalance as at 31.3.2018

6 - CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2018

Cumulative Total
foreign
retainedcurrency
earnings
differences

Total equity