Consolidated Financial Statements As at 30 June 2019, Group
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Consolidated Financial Statements as at 30 June 2019, Group Management Report and Independent Auditor’s Report for the Financial Year from 1 July 2018 to 30 June 2019 Hertha BSC GmbH & Co. Kommanditgesellschaft auf Aktien (KGaA) Berlin Free translation of excerpts of the Original German Financial Statements Mazars GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft 79915/E DIGITAL COPY We have prepared this PDF file at our client’s behest. We would like to draw your attention to the fact, that our report is legally binding only as a signed original. As only the bound report, signed by us, is the result of our work in accordance with professional standards, we assume no responsi- bility for the correctness and completeness of this pdf version of our report. Insofar as this version is made available to third parties, we would like to point out that our liability - to third parties as well - is solely determined by the General Terms of Engagement reproduced in the report. DIGITAL COPY INDEX OF APPENDICES 1. Consolidated Balance Sheet as at 30 June 2019 2. Consolidated Income Statement for the Financial Year from 1 July 2018 to 30 June 2019 [German GAAP (HGB)] 3. Notes to the Consolidated Financial Statements for the Financial Year from 1 July 2018 to 30 June 2019 4. Consolidated Statement of Cash Flows in Accordance with German Accounting Stand- ard 21 (DRS 21) for the period from 1 July 2018 to 30 June 2019 5. Consolidated Statement of Changes in Equity 6. Group Management Report for the Financial Year from 1 July 2018 to 30 June 2019 7. Independent Auditor’s Report General Engagement Terms DIGITAL COPY Appendix 1 Hertha BSC GmbH & Co. Kommanditgesellschaft auf Aktien (KGaA), Berlin, Germany C O N S O L I D A T E D B A L A N C E S H E E T as at 30 June 2019 A S S E T S Prior year L I A B I L I T I E S Prior year € € € in thousand € € € in thousand € A. Fixed assets A. Equity I. Intangible assets I. Share capital 4,160,000.00 2,981 1. Concessions purchased, (contingent capital: € 0,00; trade and similar rights and assets prior year: € 188 thousand) and licences in such rights and assets 495,626.00 605 II. Revenue reserve 123,440,000.00 26,748 2. Player market values 17,222,856.00 24,881 III. Consolidated loss carryforward -110,384,647.02 -106,357 3. Prepayments 57,500.00 0 IV. Consolidated net loss for the year -26,032,395.30 -3,357 17,775,982.00 (25,486) V. Deficit not covered by equity 0.00 62,985 II. Tangible assets VI. Participation rights 17,000,000.00 17,000 1. Buildings on third-party land 1,934,637.00 2,636 8,182,957.68 (0) 2. Operating and office equipment 995,451.80 1,008 3. Prepayments and assets under construction 194,780.89 951 B. Provisions 3,124,869.69 (4,595) 1. Tax provisions 0.00 62 III. Financial assets 2. Other provisions 11,067,071.43 6,623 Cooperative shares 104.00 0 11,067,071.43 (6,685) 20,900,955.69 (30,081) C. Liabilities 1. Bonds 40,382,858.80 0 B. Current assets 2. Liabilities to banks 19,933,478.26 10,105 I. Inventories 3. Trade payables 4,922,518.22 5,483 Merchandise 1,335,473.91 1,408 4. Liabilities for player transfers 3,447,640.00 10,045 II. Receivables and other assets 5. Liabilities to companies in which 1. Trade receivables 2,522,912.50 1,098 investments are held 0.00 95 2. Receivables from player transfers 21,805,045.00 1,124 6. Other liabilities 22,932,942.25 52,875 3. Receivables from companies in which 91,619,437.53 (78,603) investments are held 2,812,928.73 0 4. Other assets 691,409.25 5,180 D. Deferred income 22,524,244.65 25,264 27,832,295.48 (7,402) III. Cash and cash equivalents 77,842,163.02 2,267 107,009,932.41 (11,077) C. Prepaid expenses 5,482,823.19 6,409 D. Deficit not covered by equity 0.00 62,985 133,393,711.29 110,552 133,393,711.29 110,552 DIGITAL COPY Appendix 2 Hertha BSC GmbH & Co. Kommanditgesellschaft auf Aktien (KGaA), Berlin C O N S O L I D A T E D I N C O M E S T A T E M E N T for the Financial Year from 1 July 2018 to 30 June 2019 [German GAAP (HGB)] Prior year € € in thousand € 1. Revenue 139,762,662.04 130,386 2. Other operating income 1,019,217.83 4,398 140,781,879.87 134,784 3. Cost of materials Cost of merchandise purchased -3,833,203.70 -3,765 4. Personnel expenses a) Wages and salaries -59,534,394.71 -58,273 b) Social security contributions and expenses for pensions and other benefits -2,868,403.57 -2,681 -62,402,798.28 (-60,954) 5. Amortisation of intangible assets and depreciation of tangible assets -9,729,937.63 -9,427 6. Other operating expenses -81,904,167.16 -57,042 -17,088,226.90 3,596 7. Other interest and similar income 52,600.97 9 - thereof € 52,600.97 (prior year: € 4,000) related to affiliated companies - 8. Interest and similar expenses -9,046,352.94 -5,829 9. Remuneration for profit participation rights 62,000.00 -1,118 10. Earnings after taxes -26,019,978.87 -3,342 11. Other taxes -12,416.43 -15 12. Consolidated net loss for the year -26,032,395.30 -3,357 DIGITAL COPY Appendix 3/1 Hertha BSC GmbH & Co. KGaA, Berlin Notes to the consolidated financial statements 1 July 2018 – 30 June 2019 Hertha BSC GmbH & Co. Kommanditgesellschaft auf Aktien (KGaA) Hanns-Braun-Straße, Friesenhaus II, 14053 Berlin Amtsgericht Berlin-Charlottenburg, HRB 84666 Notes to the Consolidated Financial Statements for the Financial Year from 1 July 2018 to 30 June 2019 Contents of the Notes to the Consolidated Financial Statements Page I. General information on the consolidated financial statements and the reporting date for the consolidated financial statements 2 II. Disclosure of the group of entites consolidated 2 III. Disclosure of consolidation methods applied 3 IV. Accounting policies and measurement methods 3 V. Explanatory notes on specific items of the consolidated financial statements for the period from 1 July 2018 to 30 June 2019 5 VI. Other disclosures 10 Appendix to the Notes to the Consolidated financial statements: Fixed asset schedule of player market values as at 30 June 2019 (consolidated fixed asset schedule) DIGITAL COPY Appendix 3/2 Hertha BSC GmbH & Co. KGaA, Berlin Notes to the consolidated financial statements 1 July 2018 – 30 June 2019 I. General information on the consolidated financial statements and the reporting date for the consolidated financial statements The consolidated financial statements as at 30 June 2019 were prepared in accordance with the rules and regulations of the Third Book of the German Commercial Code [Han- delsgesetzbuch (HGB)] for large corporations in association with the Fifth Section of the First Book of the Stock Corporation Act [Aktiengesetz (AktG)]. The prior year figures are indicated for the purpose of comparison. For the purpose of clarity, the explanatory notes concerning the balance sheet and the income statement items as well as of any mandatory explanations concerning options exercised have been presented in the notes to the consolidated financial statements. In accordance with § 265 (5) HGB, classification items specific to the Company (player market values as intangible fixed assets, receivables from transfers and liabilities for transfers or trade receivables and trade payables) have been disclosed on the balance sheet and in the fixed asset schedule. The income statement was prepared by using the total cost method in accordance with § 275 (2) HGB. II. Information on the group of entities consolidated Disclosures on the names and legal seats of companies included in the consolidation Name, legal seat Shareholding in % Hertha BSC GmbH & Co. Kommanditgesellschaft auf Aktien (KGaA), Berlin (parent company) Hertha BSC Rechte GmbH & Co. KG, Berlin *) 100 Hertha BSC Lizenz GmbH, Berlin *) 100 Hertha BSC Transfer GmbH & Co. KG, Berlin *) 100 Hertha BSC Infrastruktur GmbH, Berlin 100 Hertha BSC Medien GmbH, Berlin *) 100 Hertha BSC Stadion GmbH, Berlin 100 *) The company has a reporting date that differs from the reporting date for the consolidated financial statements and has been consolidated in the consolidated financial statements on the basis of the sep- arate interim financial statements prepared. DIGITAL COPY Appendix 3/3 Hertha BSC GmbH & Co. KGaA, Berlin Notes to the consolidated financial statements 1 July 2018 – 30 June 2019 III. Disclosure of the consolidation methods applied 1. Capital consolidation The book value method (§ 301 (1) No. 1 HGB) was applied for consolidating capital (full consolidation). The shareholdings of the parent company were offset against the pro rata equity of the subsidiaries (pursuant to § 301 (2) sentence 1 HGB) on the basis of the book values as at 30 June 2010, the point in time the subsidiaries were initially consolidated (if acquired at a later point in time, then the point in time of the respective inclusion in the consolidated financial statements). 2. Debt consolidation Debts were consolidated in accordance with § 303 (1) HGB by eliminating intercompany receivables with the respective intercompany liabilities of the entities included in the con- solidated financial statements. No offset differences resulted. 3. Revenue and expense consolidation Revenue and expenses were consolidated by applying § 305 (1) HGB by offsetting inter- company revenue and intercompany operating income shown in other operating income of the entities consolidated with the expenses allocated to them.