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FORTEC Elektronik AG

Quarterly Report • Nov 29, 2012

161_10-q_2012-11-29_0b30bdd8-d30e-475f-8ebc-4796165b95d2.pdf

Quarterly Report

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Report 1st Quarter 2012/2013

=======================

July 01 – September 30, 2012

Content

  • Management Report
  • Consolidated Balance Sheet
  • Consolidated/Comprehensive Income Statement
  • Statement of Changes in Equity
  • Segment Report
  • Cash Flow Statement

FORTEC Elektronik AG Ph: +49(0)8191-91172-13 Fax: +49(0)8191-21770 Email: [email protected]

Report 1st Quarter 2012/2013

01.07.-30.09.2012

In first quarter of BY 2012/13, turnover of 11.2 million EUR (prev. year 13.0 million EUR) could not be achieved. That is definitely due to the current weak economic development. The decrease in turnover in 1st quarter 2012/13, however, revalitizes in respect to previous "strong" years compared to previous year's period 2010/11 amounting to 11.0 million EUR.

Due to same percental margin as last year and unchanged number of personnel of 110 employees within all consolidated companies of the group as well as slightly decreased costs, there was still an EBIT of 378.238 EUR (prev.year 502.189 EUR). However, actual EBIT would have been significantly higher, if these considerable high costs of the "undesired" offer of TRM Beteiligungsgesellschaft , Dortmund did not exist.

The period's profit of 291.173 EUR means a quarterly result of 10 cent and is exactly same as in BY 2010/11.

The annual board meeting for BY 2011/12 will be held on February 21st , 2013. Board management and supervisors will again offer a dividend of 50 Cent per share to shareholders.

Annexe

This quarterly report is to be understood and read in accordance with years report as per 30.06.2012. Balance and evaluation methods according to IAS/IFRS compared to BY 2011/12 remain unchanged. Information and details reported in quarterly report are only valid at date of publication and are not to be updated.

Consolidated Balance Sheet(uncertified), according to IAS/IFRS 30.09.2012 (previous year 30.06.2011)

A
S
S
E
T
S		 F
Y
3
0.
0
9.
2
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1
2		 F
Y
3
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0
6.
2
0
1
2		 E
Q
U
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B
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L
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0
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A.
No
t a
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7

Consolidated/ Comprehensive Income Statement (uncertified) according to IAS/IFRS

INCOME FY 2012/13 FY 2011/12
Sales revenues 11.249.639 € 13.022.291 €
Other operative income 152.635 € 159.381 €
Material costs/expenses 8.644.295 € 10.050.873 €
Expenses personnel 1.407.150 € 1.456.735 €
Depreciation 63.595 € 119.752 €
Other operative expenses 908.996 € 1.052.123 €
Operative Income (EBIT) 378.238 € 502.189 €
Interests and similar
income / expenses		 9.518 € 21.380 €
Tax on income and profit 96.583 € 151.835 €
Period's net income 291.173 € 371.734 €
Other result * ./. 3.112 € ./. 20.913 €
TO T A L result 288.061 € 350.821 €
Earnings per share/ 1.st
quarter		 0,10 € 0,13
Shares on market 2.954.943 2.954.943

01.07. - 30.09.2012 (prev.year 01.07.-30.09.2011)

* Other result includes only "success-neutral" difference of foreign currency exchange rates.

Consolidated Statement of Changes in Equity

O
t
he
r c
om		 h.
in
p
re
co
m
e		 T
t a
l
o
Su
bs
i
be
d
cr		 Ca
i
ta
l
p		 Ex
ha
c
ng
e		 Ma
ke
t –
r		 f
/
Pr
i
t r
o
es
er
ve
i
ta
l
ca
p		 re
se
rv
e		 te
ra
 lu
t
io
ev
a
a
n		 Pr
f
i
t c
ie
d
o
ar
r
d
i
f
fe
re
nc
es		 re
se
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e		 fo
d
rw
ar
E
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R		 E
U
R		 E
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R		 E
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R		 E
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R		 E
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R
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lan
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1.
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2
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p
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6
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9.
3
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9
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io
d
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"
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7		 0 9.
3
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2.
1
1
9.
2
0
1

Segment Report

The group's business comprises data visualization and power supplies.

Both segments are separate business fields within the group and work independent.

Segment report Data Power
visualisiation supplies
TEuro TEuro
Turnover 4.599.322 6.650.317
Result (EBIT) 26.199 352.039
Financial result 3.836 5.682
Income tax 8.210 88.373
Net income 21.825 269.348

Consolidated Cash-flow Statement (uncertified) according to IAS/IFRS

01.07. -30.09.2012 (previous year 01.07. - 30.09.2012)

I. Operative Business FY 2012/13 FY 2011/12
Period's net income € 291.173 €
371.734
Depreciation of tangible/intangible assets €
63.595		 €
119.752
Change of inventories € - 882.428 €
244.735
Change of accounts receivables € 445.305 € - 109.699
Change of liabilities € - 335.255 € - 321.072
Change of accruals € - 204.355 €
- 64.719
Change other assets € - 128.298 €
- 42.757
Cash-flow operative business € - 750.263 €
197.974
II. Investment Activities
Investments of finance / tangible
and intangible assets		 € - 23.316 € - 1.146.520
Earnings from assets €
0		 €
0
Cash-flow investment activities € - 23.316 € - 1.146.520
III. Financial Activities
Earnings from financial assets €
0		 €
0
VI. Cash-flow in total € - 773.579 €
- 948.546
V. Change in Liquid Funds
Cash at beginning of period € 8.694.827 € 7.589.096
Cash at end of period € 7.921.248 € 6.640.550

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