Aurubis : Financial Statements of Aurubis AG 2020/21 (PDF)

Financial Statements of

Aurubis AG

2020/21

Metals for Progress:

Driving

Sustainable

Growth

The complete Annual Report is available at: annualreport2020-21.aurubis.com

2

The Management Report of Aurubis AG is combined with the Management Report of the Aurubis Group in accordance with Section 315 (3) of the German Commercial Code (HGB) and is presented in the Aurubis Group's Annual Report.

The annual financial statements and the Combined Management Report of Aurubis AG for fiscal year 2020/21 are published in the electronic Federal Gazette (Bundesanzeiger).

Table of Contents

3 Balance Sheet

1. Income Statement
2. Notes to the Financial Statements 6 General Disclosures
   6 Accounting Policies
   9 Notes to the Balance Sheet
   16 Notes to the Income Statement

18 Other Disclosures

1. Changes in Fixed Assets

1. Investments

28 Auditors' Report

34 Responsibility Statement

Aurubis AG Financial Statements 2020/21

		Balance Sheet Financial Statements	3
Balance Sheet
as at September 30
Assets
in € thousand	Note	9/30/2021	9/30/2020
Fixed assets
Purchased concessions, industrial property rights, and		91,490
similar rights and assets, and licenses for such rights and assets			97,557
Goodwill		0		0
Payments on account		1,808		4,212
Intangible assets		93,298	101,769
Land and buildings		213,929	193,986
Technical equipment and machinery		262,541	260,916
Other equipment, factory and office equipment		28,495		31,170
Payments on account and assets under construction		103,298		83,182
Property, plant, and equipment		608,263	569,254
Share interests in affiliated companies		1,746,795	1,738,894
Investments		3,212		2
Securities classified as fixed assets		37,740		25,457
Other loans		1		5
Financial fixed assets		1,787,748	1,764,358
	1	2,489,309	2,435,381
Current assets
Raw materials and supplies		312,797	257,198
Work in process		470,154	451,171
Finished goods, merchandise		167,381	157,345
Payments on account		29		0
Inventories	2	950,361	865,714
Trade accounts receivable		305,411	310,514
Receivables from affiliated companies		399,432	342,133
Receivables from companies in which investments are held		14,462		133
Other assets		36,837		18,767
Receivables and other assets	3	756,142	671,547
Cash and bank balances	4	920,915	453,398
		2,627,418	1,990,659
Prepaid expenses and deferred charges		563		833
Total assets		5,117,290	4,426,873

Financial Statements 2020/21 Aurubis AG

4 Financial Statements Balance Sheet

Equity and liabilities

in € thousand	Note	9/30/2021	9/30/2020
Equity
Issued capital
Subscribed capital		115,089
- Conditional capital € 57,545 thousand (previous year: € 57,545 thousand)		115,089
Less nominal value of treasury shares		-3,322	-2,501
		111,767	112,588
Additional paid-in capital		349,086	349,086
Revenue reserves
Legal reserve		6,391	6,391
Other revenue reserves		1,114,412	1,016,818
Unappropriated earnings		218,677	159,701
	5	1,800,333	1,644,584
Provisions and accrued liabilities
Pension provisions and similar obligations		168,759	152,774
Provisions for taxes		3,694	8,593
Other provisions and accruals		237,677	174,706
	6	410,130	336,073
Liabilities
Bank borrowings
- of which with a residual term up to one year: € 126,866 thousand		527,395
(previous year: € 13,859 thousand)		517,613
Advance payments received on orders
- of which with a residual term up to one year: € 1,947 thousand		1,947
(previous year: € 2,535 thousand)		2,535
Trade accounts payable
- of which with a residual term up to one year: € 888,278 thousand		888,278
(previous year: € 596,974 thousand)		596,974
Payables to affiliated companies
- of which with a residual term up to one year: € 529,455 thousand		1,468,455
(previous year: € 455,207 thousand)		1,309,157
Other liabilities
- of which for taxes: € 7,940 thousand (previous year: € 4,566 thousand)
- of which for social security obligations: € 3,715 thousand (previous year: € 7,036 thousand)
- of which with a residual term up to one year: € 17,481 thousand		17,481
(previous year: € 18,000 thousand)		18,000
	7	2,903,556	2,444,279
Deferred income		3,271	1,937
Total equity and liabilities		5,117,290	4,426,873

Aurubis AG Financial Statements 2020/21

Income Statement Financial Statements

5

Income Statement

for the period from October 1 to September 30

in € thousand	Note	2020/21	2019/20
Revenues	10	11,611,843	9,005,024
Increase in inventories of finished goods and work in process		31,285	16,790
Own work capitalized	11	9,037	6,750
Other operating income	12	124,393	50,163
Cost of materials:	13
a) Cost of raw materials, supplies, and merchandise		10,846,501	8,198,677
b) Cost of purchased services		282,048	281,885
		11,128,549	8,480,562
Personnel expenses:	14
a) Wages and salaries		239,552	264,938
b) Social security contributions, pension and other benefit expenses		57,754
- of which for pensions: € 18,495 thousand (previous year: € -22,687 thousand)		17,392
		297,306	282,330
Depreciation of property, plant, and equipment and amortization		65,578
of intangible assets	15	59,745
Other operating expenses	16	155,012	148,535
Income from investments and write-ups of share interests in affiliated companies		145,404
- of which from affiliated companies€ 145,404 thousand (previous year: € 130,244)	17	130,244
Income/write-ups from other securities and loans classified as financial fixed assets	18	12,283	1
Other interest and similar income		8,924
- of which from affiliated companies: € 6,741 thousand (previous year: € 6,107 thousand)	19	11,351
Write-downs of financial assets and securities classified as current assets	20	8,439	15,122
Interest and similar expenses		23,071
- of which to affiliated companies: € 4,050 thousand (previous year: € 2,938 thousand)	21	21,729
Income taxes	22	32,645	34,592
Earnings after income taxes		232,569	177,708
Other taxes		1,135	1,202
Net income for the year		231,434	176,506
Retained profit brought forward from the prior year		102,943	71,395
Allocations to other revenue reserves		115,700	88,200
Unappropriated earnings		218,677	159,701

Financial Statements 2020/21 Aurubis AG