Number of shares
(thousand) Subscribed capital (eUR thousand) Capital reserves (eUR thousand)
Consolidated net accumulated losses (eUR thousand)
Accumulated other comprehensive income
Attributable to shareholders of TOM TAILOR Holding AG (eUR thousand) Non-controlling interests
(eUR thousand) (eUR thousand)Total Currency translation
differences (eUR thousand)
Cash flow hedge reserve (IAS 39) (eUR thousand)
Deferred taxes on fair value measurement of hedges (eUR thousand)
Balance at 1 January 2012 16,528 16,528 187,856 – 95,793 – 816 4,354 – 1,388 110,741 3,001 113,742
Change in basis of consolidation – – – – – – – – 24 24
Comprehensive income, net of tax – – – 288 – 740 – 9,249 2,775 – 6,926 2,655 – 4,271
Cash capital increase 1,653 1,653 19,007 – – – – 20,660 – 20,660
non-cash capital increase 6,028 6,028 86,201 – – – – 92,229 – 92,229
Costs of raising equity capital – – – 590 – – – – – 590 – – 590
dividends paid – – – – 2,810 – – – – 2,810 – – 2,810
Withdrawal from capital reserves – – – 17,970 17,970 – – – – – –
other changes – – – 18 – – – – –18 – –18
Balance at 31 December 2012 24,209 24,209 274,486 – 80,345 – 1,556 – 4,895 1,387 213,286 5,680 218,966
Consolidated Statement of Changes in Equity for the Financial Year from 1 January to 31 December 2011
Number of shares
(thousand) Subscribed capital (eUR thousand) Capital reserves (eUR thousand)
Consolidated net accumulated losses (eUR thousand)
Accumulated other comprehensive income
Attributable to shareholders of TOM TAILOR Holding AG (eUR thousand) Non-controlling interests
(eUR thousand) (eUR thousand)Total Currency translation
differences (eUR thousand)
Cash flow hedge reserve (IAS 39) (eUR thousand)
Deferred taxes on fair value measurement of hedges (eUR thousand)
Balance at 1 January 2011 16,528 16,528 205,433 – 123,215 – 712 -774 232 97,492 2,749 100,241
Comprehensive income, net of tax – – – 9,820 – 104 5,128 – 1,620 13,224 252 13,476
Withdrawal from the capital reserve – – – 17,602 17,602 – – – – – –
other changes – – 25 – – – – 25 – 25
Consolidated Statement of Changes in Equity for the Financial Year from 1 January to 31 December 2012
Number of shares
(thousand) Subscribed capital (eUR thousand) Capital reserves (eUR thousand)
Consolidated net accumulated losses (eUR thousand)
Accumulated other comprehensive income
Attributable to shareholders of TOM TAILOR Holding AG (eUR thousand) Non-controlling interests
(eUR thousand) (eUR thousand)Total Currency translation
differences (eUR thousand)
Cash flow hedge reserve (IAS 39) (eUR thousand)
Deferred taxes on fair value measurement of hedges (eUR thousand)
Balance at 1 January 2012 16,528 16,528 187,856 – 95,793 – 816 4,354 – 1,388 110,741 3,001 113,742
Change in basis of consolidation – – – – – – – – 24 24
Comprehensive income, net of tax – – – 288 – 740 – 9,249 2,775 – 6,926 2,655 – 4,271
Cash capital increase 1,653 1,653 19,007 – – – – 20,660 – 20,660
non-cash capital increase 6,028 6,028 86,201 – – – – 92,229 – 92,229
Costs of raising equity capital – – – 590 – – – – – 590 – – 590
dividends paid – – – – 2,810 – – – – 2,810 – – 2,810
Withdrawal from capital reserves – – – 17,970 17,970 – – – – – –
other changes – – – 18 – – – – –18 – –18
Balance at 31 December 2012 24,209 24,209 274,486 – 80,345 – 1,556 – 4,895 1,387 213,286 5,680 218,966
Consolidated Statement of Changes in Equity for the Financial Year from 1 January to 31 December 2011
Number of shares
(thousand) Subscribed capital (eUR thousand) Capital reserves (eUR thousand)
Consolidated net accumulated losses (eUR thousand)
Accumulated other comprehensive income
Attributable to shareholders of TOM TAILOR Holding AG (eUR thousand) Non-controlling interests
(eUR thousand) (eUR thousand)Total Currency translation
differences (eUR thousand)
Cash flow hedge reserve (IAS 39) (eUR thousand)
Deferred taxes on fair value measurement of hedges (eUR thousand)
Balance at 1 January 2011 16,528 16,528 205,433 – 123,215 – 712 -774 232 97,492 2,749 100,241
Comprehensive income, net of tax – – – 9,820 – 104 5,128 – 1,620 13,224 252 13,476
Withdrawal from the capital reserve – – – 17,602 17,602 – – – – – –
other changes – – 25 – – – – 25 – 25
106
A. GENERAL INFORMATION
The TOM TAILOR GROUP is an international, vertically integrated fashion and lifestyle company that offers casual wear in the mid-range price segment. Its collections from the TOM TAILOR Casual brand with the product lines MEN Casual, WOMEN Casual, KIDS, MINIS and BABY, the TOM TAILOR Denim brand with the product lines Denim Male and Denim Female, the TOM TAILOR POLO TEAM brand, and the BONITA and BONITA men brands each have their own brand profile and are aimed at different target groups between the ages of 0 and 60. This product port- folio is complemented by a wide range of fashionable accessories.
The ultimate parent of the TOM TAILOR GROUP is TOM TAILOR Holding AG, which is domiciled in Hamburg, Germany, and entered in the commercial register of Hamburg Local Court under the number HRB 103641. Its registered office is at Garstedter Weg 14, 22453 Hamburg. BASIS OF PREPARATION
The consolidated financial statements of TOM TAILOR Holding AG (“the consolidated financial statements”) were prepared in accordance with the International Financial Reporting Standards (IFRSs) effective as at the reporting date, as adopted by the EU. The applicable interpret- ations issued by the International Financial Reporting Inter- pretations Committee (IFRIC) for financial year 2012 were also applied.
The consolidated income statement was prepared using the nature of expense method. The consolidated balance sheet, the consolidated income statement and the con- solidated statement of comprehensive income are presented in accordance with the classification requirements of IAS 1 Presentation of Financial Statements.
The consolidated financial statements were prepared in euros. All amounts are shown in thousands of euros (EUR thou- sand) unless otherwise stated. Discrepancies may arise from the addition of these amounts due to rounding. The conso- lidated financial statements were prepared using the histor- ical cost convention. Exceptions to this rule relate to certain financial instruments, which are measured at fair value.
With the following exceptions, the accounting policies applied correspond in general to those applied in the previous year.
a) Changes applicable in 2012
The TOM TAILOR GROUP applied the following new or amended standards and interpretations in financial year 2012:
New and Amended Financial Reporting Standards
Effective
date endorsementDate of EU
Amendments to standards Amendment to IFRS 7
Disclosures – Transfers of Financial Assets 22/11/2011 01/07/2011
Amendment to IFRS 7 Disclosures – Transfers of Financial Assets
The amendment relates to enhanced disclosure require- ments for financial assets transferred in such a way that rights and duties remain at the Company.
The new accounting requirements do not affect or have no material effect on the presentation of the Group’s net assets, financial position and results of operations. b) Standards, interpretations and amendments to published standards approved by the IASB, but not yet adopted by the EU as at 31 December 2012
In the 2012 financial year, the TOM TAILOR GROUP did not apply the following new or amended accounting standards that have already been approved by the IASB, but in most cases have not been adopted by the EU, as they were not yet required to be applied: