Report On The Preparation of The Annual Financial Statements As at

DATEV Musterauswertung
Erstellungsbericht nach BStBK 4/2010 mit Anhang in Englisch

in Auszügen
Report on the Preparation of the Annual Financial Statements
as at
31 December 2017
of
Musterholz GmbH
90451 Nürnberg
Hinweis:
Weitere Informationen zum Thema "Englische Dokumentvorlagen: Erstellungsbericht nach BstBK
4/2010, IDW S7 und Anhang oder Angaben unter der Bilanz" finden Sie auf der
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Report on the preparation of the annual financial statements
as at 31/12/2017
Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH
Table of Contents
1. Acceptance of the engagement 2

1.1 Client and definition of the engagement 2
1.2 Performance of the engagement 3
2. Basis of preparation of the annual financial statements 4

2.1 Accounting records and inventory records, information provided 4
3. Reproduction of the attestation report 9

4. Notes on the items in the balance sheet and profit and loss account 10
5. Appendices 14
Balance sheet to 31 December 2017 15
Fixed Asset Schedule as of 31 December 2017 16
Profit and Loss account 01/01/2017 to 31/12/2017 17
6. Attestation Report 19
7. Other Appendices 20
Account detail for the balance sheet to 31 December 2017 21
Account detail to the profit and loss account to 31 December 2017 26
© DATEV eG Page 1
as at 31/12/2017
1. Acceptance of the engagement
1.1 Client and definition of the engagement
The management of
Musterholz GmbH,
Nürnberg
- hereinafter also abbreviated to "Musterholz GmbH" or "company" -
engaged me to prepare the annual financial statements as at 31 December 2017 on the basis of the accounting records
that I prepared, as well as the additional vouchers and inventory records provided to me, which I have not audited in
accordance with the terms of my engagement, taking into account the information provided to me in accordance with the
statutory requirements and in accordance with the instructions by the client within this framework to exercise existing
accounting options. I performed this engagement to prepare the annual financial statements with no assessments in the
period from &IAV& to &IAV& at my business premises in and at the premises of the company in Nürnberg.
My engagement to prepare the annual financial statements did not comprise any activities over and above the
engagement type and thus no extended responsibilities as tax advisers.
The company is a small corporation according to the size classes set out in § 267 of the Handelsgesetzbuch (HGB –
German Commercial Code).
Amount in EUR 2017 2016 2015

Total assets 3,014,750.23 3,022,391.58 3,534,684.99
Sales 2,501,071.38 3,313,136.90 4,567,244.89
Number of employees 27 30 31
The size-related exemptions set out in §§ 267, 276, 288 and 274a of the Handelsgesetzbuch (HGB – German Commercial
Code) were not applied in preparing the annual financial statements.
© DATEV eG Page 2
as at 31/12/2017
1.2 Performance of the engagement
In the course of the preparation of the annual financial statements and in my reporting on these preparation activities, I
have compiled with the relevant standards of the legislation regulating our profession and my professional obligations,
including the principles of independence, diligence, confidentiality and personal professional responsibility (§ 57 of the
Steuerberatungsgesetz/StBerG – German Tax Advisory Services Act).
Irrespective of the nature of my engagement, preparation of the annual financial statements comprises the activities
necessary in order to prepare the balance sheet and income statements required by law, as well as the notes to the
financial statements and additional components of the financial statements, on the basis of the accounting records and
the inventory records as well as the information obtained by me on the accounting policies to be applied, including
preparation of the closing entries.
The annual financial statements were prepared in accordance with the statutory provisions of commercial and tax law,
German Accepted Accounting Principles and the provisions of the partnership agreement.
Representation letter
The company provided me in writing, as requested, with the standard professional representation letter in respect of the
accounting records, vouchers and inventory records as well as the information provided to me, which I have stored in my
files.
The company assured me in a standard professional representation letter that the balance sheet contains all assets,
liabilities and risks of the company that are required to be recognised correctly and in full.
© DATEV eG Page 3
as at 31/12/2017
2. Basis of preparation of the annual financial statements
2.1 Accounting records and inventory records, information provided
The company is required by § 238 of the Handelsgesetzbuch (HGB – German Commercial Code) to keep accounting
records.
The accounting was prepared using my IT systems. In accordance with a certificate issued by Ernst & Young GmbH on 15
February 2016, the DATEV eG “Kanzlei-Rechnungswesen pro” accounting software used for this purpose satisfies the re-
quirements for proper financial accounting and preparation of the annual financial statements.
2.1.1 Net assets
The presentation of the company's net assets derived from the balance sheet as at 31 December 2017 is shown in the fol-
lowing compared with the previous balance sheet date:
Changes in
Balance at Balance at comp. to prior
31/12/2017 31/12/2016 year
TEUR % TEUR % TEUR %
ASSETS
Tangible fixed assets 1,729.0 57.4 1,765.5 58.4 -36.5 -2.1
Long-term financial assets 330.0 10.9 330.0 10.9 0.0 0.0
Inventories 181.7 6.0 184.1 6.1 -2.4 -1.3
Receivables 177.7 5.9 209.2 6.9 -31.5 -15.1
Other property 46.7 1.5 38.3 1.3 8.4 21.9
Cash funds/securities 535.4 17.8 478.4 15.8 57.0 11.9
Prepaid expenses 14.1 0.5 16.8 0.6 -2.7 -16.1
Total Assets 3,014.8 100.0 3,022.4 100.0 -7.6 -0.3
Rounding difference 0.2 0.1
© DATEV eG Page 4
Cashflow statement
from 01.01.2016 to 31.12.2016
2.1.2 Financial position
Cash flow statement
The sources and application of funds in the 2017 reporting period are presented in the following in a cash flow statement,
with the three activity sections of the cash flow statement being treated as a single statement.
Changes in liquidity and financial strength are illustrated by showing how cash funds (cash-in-hand, cheques and bank
balances) changed in the reporting period due to cash inflows and outflows. A distinction is made between cash flows
from operating, investing and financing activities.
The cash flows in the cash flow statement convey information classified by cash flows from operating activities, from
investing activities (including divestitures) and from financing activities, with the total cash flows from these three activities
corresponding to the net change in cash funds in the reporting period not attributable to the effects of exchange rate
movements and other factors affecting measurement.
The presentation of the cash flow statement follows the principles set out in “German Accounting Standard No. 2 (GAS 2),
Cash Flow Statements”, issued by the German Accounting Standards Board (GASB).
© DATEV eG Page 5
Cashflow statement
from 01.01.2016 to 31.12.2016
Financial year Prior year

EUR EUR
Net income/loss for the period 185,090.18 142,242.15
+Depreciation, amortisation and write-downs of fixed

assets 42,455.52 56,190.09
- Decrease in provisions 11,160.66 23,559.10
+Decrease in inventories 2,374.78 1,300.01-
+Decrease in trade receivables 30,002.79 8,390.28-
+Decrease in other assets not attributable to investing

or financing activities 1,155.70 16,962.47-
+Increase in trade payables 50,411.25 6,552.12-
- Decrease in other assets not attributable to investing

or financing activities 3,414.59 8,767.75
- Gain on disposal of fixed assets 148.00 18,813.00
+Loss on disposal of fixed assets 20.00 17,108.00
+Interest expense 4,675.65 11,840.62
- Other investment income 2,092.30 2,135.00
- Income tax income 0.00 25,756.29
+Income tax expense 86,607.50 103,949.12
Income tax expense/income 86,607.50- 78,192.83-

Correction to non-cash operations 7,658.48- 75,008.78-
+/- Income taxes paid 94,265.98- 153,201.61-
Cash flows from operating activities 291,711.84 65,892.35
+Proceeds from disposal of tangible fixed assets 200.00 750,250.00
© DATEV eG Page 6
Cashflow statement
from 01.01.2016 to 31.12.2016

EUR EUR
- Purchase of tangible fixed assets 5,988.52 3,681.09
- Purchase of long-term financial assets 0.00 280,000.00
+Receipts from cash investments (short-term cash

management) 0.00 300,000.00
- Payments for cash investments (short-term cash

management) 207,374.45 104,200.27
+Dividends received 2,092.30 2,135.00
Cash flows from investing activities 211,070.67- 664,503.64
- Cash payments to owners and minority shareholders 170,000.00 170,000.00
+Cash proceeds from issuance of bonds and from

short- or long-term borrowings 0.00 36.14
- Cash repayments of bonds and short- or long-term

borrowings 28,064.89 390,030.60
- Interest paid 3,960.24 9,942.90
Cash flows from financing activities 202,025.13- 569,937.36-
Net change in cash funds (total cash flows) 121,383.96- 160,458.63
+Cash funds at beginning of period 183,327.39 22,868.76
Cash funds at end of period 61,943.43 183,327.39
© DATEV eG Page 7
as at 31/12/2017
Supplementary information on receivables and liabilities:
Maturity structure of receivables:
Receivables Total due within due within

31/12/2017 1 year > 1 year
TEUR TEUR TEUR
from trade 177.7 177.7 0.0

other assets 46.7 46.7 0.0
Total 224.4 224.4 0.0
Maturity structure of liabilities:
Liability Total due within

31/12/2017 1 year 1 to 5 J. > 5 J.
TEUR TEUR TEUR TEUR
to banks 100.2 68.0 32.2 0.0

payments received 2.1 2.1 0.0 0.0
trade payables 212.1 212.1 0.0 0.0
other liabilities 177.5 177.5 0.0 0.0
Total 491.9 459.7 32.2 0.0
Supplementary information on the financial and liquidity structure and cash flow ratios:
© DATEV eG Page 8
as at 31/12/2017
3. Reproduction of the attestation report
On completion of my preparation work, I have issued the following attestation report dated 19. January 2018 on the an-
nual financial statements of Musterholz GmbH, Nürnberg, as at 31 December 2017 attached as Annexes, which I am
reproducing at this point:
Attestation report on preparation by the tax adviser.
In accordance with the terms of my engagement, I have prepared the preceding annual financial statements – comprising
the balance sheet, income statement and notes to the financial statements – of the Musterholz GmbH for the financial
year from 01 January 2017 to 31 December 2017 in accordance with the provisions of German Commercial Law.
The basis of preparation was the accounting records maintained by me and the additional vouchers and inventory records
provided to me, which I have not audited in accordance with the terms of my engagement, as well as the information
provided to me.
The accounting records and the preparation of the inventory records and the annual financial statements in accordance
with the provisions of German Commercial Law and the supplementary provisions of the partnership agreement are the
responsibility of the company's management.
I have performed my engagement in accordance with the "Verlautbarungen der Bundessteuerberaterkammer zu den
Grundsätzen für die Erstellung von Jahresabschlüssen" (Pronouncement by the German Federal Chamber of Tax Advisers
on the principles for the preparation of annual financial statements). This engagement comprises the preparation of the
balance sheet and income statement, as well as the notes to the financial statements, on the basis of the accounting
records, the inventory records and the accounting policies required to be applied.
Musterstadt, 19. January 2018
Dipl.-Betriebswirt (FH)
Chris Marlin
- tax advisor -
© DATEV eG Page 9
as at 31/12/2017
4. Notes on the items in the balance sheet and profit and loss account
A. Fixed assets
I. Intangible fixed assets
31/12/2017 31/12/2016
EUR EUR
1. Purchased concessions, industrial and

similar rights and assets and licences in
such rights and assets 3.00 3.00
31/12/2017 31/12/2016
EUR EUR
Computer software 3.00 3.00
3.00 3.00
31/12/2017 31/12/2016
EUR EUR
2. Goodwill 1.00 1.00
31/12/2017 31/12/2016
EUR EUR
Goodwill 1.00 1.00
1.00 1.00
31/12/2017 31/12/2016
EUR EUR
Total intangible fixed assets 4.00 4.00
© DATEV eG Page 10
as at 31/12/2017
A. Equity
31/12/2017 31/12/2016
EUR EUR
I. Subscribed capital 260,000.00 260,000.00
31/12/2017 31/12/2016
EUR EUR
Subscribed capital 260,000.00 260,000.00
260,000.00 260,000.00
II. Revenue reserves
31/12/2017 31/12/2016
EUR EUR
1. Other revenue reserves 1,250,000.00 1,240,000.00
31/12/2017 31/12/2016
EUR EUR
Other revenue reserves 1,250,000.00 1,240,000.00
1,250,000.00 1,240,000.00
C. Liabilities
31/12/2017 31/12/2016
EUR EUR
1. Liabilities to banks 100,183.60 157,243.75
© DATEV eG Page 11
as at 31/12/2017
31/12/2017 31/12/2016
EUR EUR
1. Sales 2,501,071.38 3,313,136.90
31/12/2017 31/12/2016
EUR EUR
Rev. from kitchens/furnitures, 19% VAT 1,240,932.30 1,311,526.97

Rev. from windows/doors/floors, 19% VAT 514,318.68 830,856.37
Revenue from Others, 19% VAT 272,914.82 355,824.04
Revenue from roofes,19% VAT 157,394.93 0.00
Tax-exempt EU revenue 151,493.04 209,735.10
Revenue, 19% VAT 80,000.00 0.00
Revenue real wood, 19% VAT 46,719.28 561,392.20
Tax-exempt third-country revenue 37,353.12 42,469.20
Tax-exemt other serv. s. 18b UStG 11,193.09 15,850.30
Cash disc rev other services s. 18b UStG -350.98 -593.13
Sales disc tax-xmpt intra-EU deliveries -715.65 -2,290.24
Cash discounts granted -873.54 -708.24
Cash discounts granted, 19% VAT -9,307.71 -10,925.67
2,501,071.38 3,313,136.90
31/12/2017 31/12/2016
EUR EUR
2. Decrease in finished goods inventories

and work in progress 1,495.77 -879.61
31/12/2017 31/12/2016
EUR EUR
Inventory changes – finished goods 1,036.48 -1,246.18

Inventory changes – unfinished goods 459.29 366.57
1,495.77 -879.61
31/12/2017 31/12/2016
EUR EUR
3. Gross revenue for the period 2,499,575.61 3,314,016.51
© DATEV eG Page 12
as at 31/12/2017
31/12/2017 31/12/2016
EUR EUR
b) Income from reversal of global valua-

tion allowance on receivables 1,154.00 0.00
31/12/2017 31/12/2016
EUR EUR
Incm rdctn globl valuatn allownc on rec 1,154.00 0.00
1,154.00 0.00
31/12/2017 31/12/2016
EUR EUR
18. Net retained profits 835,775.63 810,685.45
© DATEV eG Page 13
as at 31/12/2017
5. Appendices
© DATEV eG Page 14
Balance sheet to 31 December 2017
Musterholz GmbH Schreinerei und Ladenbau, 90451 Nürnberg
ASSETS Equity and liabilities
Financial year Prior year Financial year Prior year

EUR EUR EUR EUR EUR EUR
A. Fixed assets A. Equity
I. Intangible fixed assets I. Subscribed capital 260,000.00 260,000.00
1. Purchased concessions, industrial and similar rights II. Revenue reserves

and assets and licences in such rights and assets 3.00 3.00
2. Goodwill 1.00 4.00 1.00 1. Other revenue reserves 1,250,000.00 1,240,000.00
II. Tangible fixed assets III. Net retained profits 835,775.63 810,685.45
- of which retained profits brought forward
1. Land, land rights and buildings, including buildings on EUR 660,685.45 (EUR 688,443.30)
third-party land 1,687,533.83 1,709,112.83
2. Technical equipment and machinery 13,055.00 25,704.00 B. Provisions
3. Other equipment, operating and office equipment 28,422.00 1,729,010.83 30,733.00
1. Provisions for pensions and similar obligations 106,636.56 109,048.06
III. Long-term financial assets 2. Provisions for taxes 0.00 0.00
3. Deferred tax liabilities 0.00 0.00
1. Other long-term equity investments 90,000.00 90,000.00 4. Other provisions 70,393.19 177,029.75 81,553.85
2. Long-term securities 240,000.00 330,000.00 240,000.00
C. Liabilities
B. Current assets
1. Liabilities to banks 100,183.60 157,243.75
I. Inventories - of which due within one year EUR 67,952.49
(EUR 98,981.79)
1. Raw materials, consumables and supplies 106,560.52 107,439.53 - of which due after more than one year
2. Work in progress 25,116.10 25,575.39 EUR 32,231.11 (EUR 58,261.96)
3. Finished goods and merchandise 50,056.70 181,733.32 51,093.18 2. Payments received on account of orders 2,100.84 18,781.51
- of which due within one year EUR 2,100.84
II. Receivables and other assets (EUR 18,781.51)
3. Trade payables 212,119.53 161,708.28
1. Trade receivables 177,748.04 209,168.81 - of which due within one year EUR 212,119.53
2. Other assets 46,693.34 224,441.38 38,337.80 (EUR 161,708.28)
4. Other liabilities 177,540.88 491,944.85 183,370.68
III. Cash-in-hand, central bank balances, bank balances and - of which to shareholders EUR 110,437.50
cheques 535,420.48 478,425.25 (EUR 125,162.50)
- of which taxes EUR 65,060.04 (EUR 74,278.54)
C. Prepaid expenses 14,140.22 16,797.79 - of which due within one year EUR 177,540.88
- of which discount EUR 12,438.22 (EUR 13,153.63) (EUR 183,370.68)
3,014,750.23 3,022,391.58 3,014,750.23 3,022,391.58
© DATEV eG Page 15
Fixed Asset Schedule as of 31 December 2017
Cost Cumul. deprec.,

Production Additions Disposals Transfers amortisation, Reversals in
costs write-downs financial year Carrying amount
01/01/2017 31/12/2017 31/12/2017
EUR EUR EUR EUR EUR EUR EUR
A. Fixed assets
I. Intangible fixed assets
1. Purchased concessions, industrial and

similar rights and assets and licences
in such rights and assets 9,184.88 0.00 0.00 0.00 9,181.88 0.00 3.00
2. Goodwill 38,346.89 0.00 0.00 0.00 38,345.89 0.00 1.00
Total intangible fixed assets 47,531.77 0.00 0.00 0.00 47,527.77 0.00 4.00
II. Tangible fixed assets
1. Land, land rights and buildings, inc-

luding buildings on third-party land 2,053,821.64 0.00 0.00 0.00 366,287.81 0.00 1,687,533.83
2. Technical equipment and machinery 475,076.77 0.00 44,482.40 0.00 417,539.37 0.00 13,055.00
3. Other equipment, operating and office
equipment 312,620.29 5,988.52 136,948.75 0.00 153,238.06 0.00 28,422.00
Total tangible fixed assets 2,841,518.70 5,988.52 181,431.15 0.00 937,065.24 0.00 1,729,010.83
III. Long-term financial assets
1. Other long-term equity investments 90,000.00 0.00 0.00 0.00 0.00 0.00 90,000.00
2. Long-term securities 240,000.00 0.00 0.00 0.00 0.00 0.00 240,000.00
Total long-term financial assets 330,000.00 0.00 0.00 0.00 0.00 0.00 330,000.00
Total fixed assets 3,219,050.47 5,988.52 181,431.15 0.00 984,593.01 0.00 2,059,014.83
© DATEV eG Page 16
Profit and Loss account from 01/01/2017 to 31/12/2017

EUR EUR
1. Sales 2,501,071.38 3,313,136.90
2. Decrease in finished goods inventories and

work in progress 1,495.77 879.61-
3. Gross revenue for the period 2,499,575.61 3,314,016.51
4. Other operating income 14,981.78 38,508.74
5. Cost of materials 1,118,957.77 1,512,350.54
6. Personnel expenses 778,629.64 1,067,146.09
7. Depreciation, amortisation and write-downs 42,455.52 56,190.09
8. Other operating expenses 290,896.95 451,815.68
9. Income from long-term equity investments 2,092.30 2,135.00
10. Other interest and similar income 11,964.52 13,390.66
11. Interest and similar expenses 22,720.65 52,784.53
12. Taxes on income 86,607.50 78,192.83
13. Net income/net loss after tax 188,346.18 149,571.15
14. Other taxes 3,256.00 7,329.00
15. Net income for the financial year 185,090.18 142,242.15
16. Retained profits brought forward 660,685.45 688,443.30
17. Appropriation to revenue reserves 10,000.00 20,000.00
18. Net retained profits 835,775.63 810,685.45
© DATEV eG Page 17
Notes
as at 31/12/2017
Notes
General information about the annual financial statements
The prior-period amounts were also adjusted due to the initial application of the thresholds under the Accounting
Directive Implementation Act (BilRUG), and no comparison with the prior-period annual financial statements is possible.
Information identifying the company according to the registry court
Company name according to registry court:
Registered company address according to registry court: Nürnberg
Registry entry: Handelsregister
Registry court: Nürnberg
Registry court number: 999999
Disclosure on remaining maturity comments
Liabilities with a remaining term of up to one year amount to EUR 459,713.74 (prior year: EUR 462,842.26).
Liabilities with a remaining term of more than one year amount to EUR 32,231.11 (prior year: EUR 58,261.96).
Signature of management
Nürnberg, 19 January 2018 signed by Karl-Friedrich Musterholz

Place, Date Signature
© DATEV eG Page 18
as at 31/12/2017
6. Attestation Report
Attestation report on preparation by the tax adviser.
In accordance with the terms of my engagement, I have prepared the preceding annual financial statements – comprising
the balance sheet, income statement and notes to the financial statements – of Musterholz GmbH for the financial year
from 01 January 2017 to 31 December 2017 in accordance with the provisions of German Commercial Law.
The basis of preparation was the accounting records maintained by me and the additional vouchers and inventory records
provided to me, which I have not audited in accordance with the terms of my engagement, as well as the information
provided to me.
The accounting records and the preparation of the inventory records and the annual financial statements in accordance
with the provisions of German Commercial Law and the supplementary provisions of the partnership agreement are the
responsibility of the company's management.
I have performed my engagement in accordance with the "Verlautbarungen der Bundessteuerberaterkammer zu den
Grundsätzen für die Erstellung von Jahresabschlüssen" (Pronouncement by the German Federal Chamber of Tax Advisers
on the Principles for the Preparation of Annual Financial Statements). This engagement comprises the preparation of the
balance sheet and income statement, as well as the notes to the financial statements, on the basis of the accounting
records, the inventory records and the accounting policies required to be applied.
I have not raised any material objections to certain carrying amounts advocated by the company or against the
accounting records.
Musterstadt, 19. January 2018
Dipl.-Betriebswirt (FH)
Chris Marlin
- tax advisor -
© DATEV eG Page 19
as at 31/12/2017
7. Other Appendices
© DATEV eG Page 20
Balance sheet accounts
as at 31/12/2017
ASSETS

Account Designation EUR EUR EUR
Purchased concessions, indu-

strial and similar rights and
assets and licences in such
rights and assets
0027 Computer software 3.00 3.00
Goodwill
0035 Goodwill 1.00 1.00
Land, land rights and buildings,

including buildings on third-
party land
0065 Undeveloped land 408,500.00 408,500.00
0085 Property values of developed
land 727,381.83 727,381.83
0100 Industrial buildings 551,652.00 1,687,533.83 573,231.00
Technical equipment and

machinery
0210 Machinery 13,055.00 25,704.00
Other equipment, operating

and office equipment
0320 Passenger cars 2.00 1,111.00
0350 Heavy goods vehicles 13,788.00 16,971.00
0400 Operating equipment 4,864.00 4,055.00
0420 Office fittings 7,378.00 7,481.00
0440 Tools 1,374.00 151.00
0485 Assets (collective item) 1,016.00 28,422.00 964.00
Other long-term equity in-

vestments
0517 Investments in corporations 90,000.00 90,000.00
Long-term securities
0525 Long-term securities 240,000.00 240,000.00
Raw materials, consumables

and supplies
3971 Inventories of veneers 36,760.16 37,030.52
3972 Inventories of chipboard 18,833.02 19,034.38
3973 Inventories of paints and var-
nishes 15,701.09 15,802.32
3974 Inventories of coated boards 20,380.26 20,516.82
3975 Other inventories 6,510.33 6,567.20
3976 Inventories rm./con./supp. 8,375.66 106,560.52 8,488.29
Carry forward 2,165,575.35 2,202,993.36
© DATEV eG Page 21
as at 31/12/2017
ASSETS

Carry forward 2,165,575.35 2,202,993.36
Work in progress
7050 Unfinished goods (inventories) 25,116.10 25,575.39
Finished goods and merchan-

dise
7110 Finished goods (inventories) 50,056.70 51,093.18
Trade receivables
0996 Globl valuatn allowances rec.
due 1 y 4,434.00- 5,588.00-
0998 Spec valuatn allownces rec due
w/in 1y 3,822.00- 3,163.00-
1400 Trade receivables 186,004.04 177,748.04 217,919.81
Other assets
1500 Other assets 18,196.73 23,493.37
1540 Receivables from trade tax
overpaymts 8,645.00 4,287.00
1545 VAT receivables 10,788.27 4,343.03
1548 Input tax ded. following period/
year 0.00 362.14
1549 Reclaimed corporate income tax 8,638.73 5,338.25
1571 Deductible input tax, 7% 425.82 453.23
1574 Dedctbl input tax on intra-EU
acqstn 19% 23,360.86 30,681.51
1576 Deductible input tax, 19% 234,157.42 319,417.24
1577 Dedctbl inpt tax sec 13b UStG
19% 1,423.86 2,449.00
1774 VAT on intra-EU acquisitions,
19% 23,360.86- 30,681.51-
1776 VAT, 19% 434,912.26- 719,457.98-
1780 VAT prepayments 164,427.29 367,299.22
1781 VAT prepayments 1/11 36,326.00 32,802.00
1787 VAT under section 13b UStG,
19% 1,423.86- 2,449.00-
1789 VAT, current year 0.34 46,693.34 0.30
Cash-in-hand, central bank

balances, bank balances and
cheques
1000 Cash-in-hand 7,726.62 5,950.03
1100 Dexia Bank Berlin 93,801.98 64,820.07
1230 Evenord-Bank Nuremberg 2,336.47 183,474.19
1290 Call money account Noris Bank 431,555.41 535,420.48 224,180.96
Carry forward 3,000,610.01 3,005,593.79
© DATEV eG Page 22
as at 31/12/2017
ASSETS

Carry forward 3,000,610.01 3,005,593.79
Prepaid expenses
0980 Prepaid expenses 1,702.00 3,644.16
0986 Discount 12,438.22 14,140.22 13,153.63
Total assets 3,014,750.23 3,022,391.58
© DATEV eG Page 23
as at 31/12/2017
Equity and liabilities

Subscribed capital
0800 Subscribed capital 260,000.00 260,000.00
Other revenue reserves

0855 Other revenue reserves 1,250,000.00 1,240,000.00
Net retained profits

Net retained profits 835,775.63 810,685.45
Provisions for pensions and

similar obligations
0951 Provsns for pensions for off-
setting 175,359.56 166,076.06
1357 Assets offsett. provisions for
pensions 68,723.00- 106,636.56 57,028.00-
Other provisions
0965 Provisions for personnel ex-
penses 30,000.00 30,000.00
0966 Provsns for record retntn obli-
gations 3,382.48 3,173.87
0974 Provsns warranties (contra acc
4790) 30,656.11 42,025.38
0977 Provsns period-end closing/
audit costs 6,354.60 70,393.19 6,354.60
Liabilities to banks
0631 Liabilities to banks due w/in 1
year 26,030.85 28,064.89
0640 Liabilities to banks due btwn 1-5
years 32,231.11 58,261.96
0696 Loan - Schleifmustermühle 25 58,261.96 82,902.86
0698 Instalment loan panel van 0.00 3,423.99
0699 Contra acc 0630-0689 if
0690-0698 allctd 58,261.96- 86,326.85-
1200 Aareal Bank Frankfurt 41,921.64 100,183.60 70,916.90
Payments received on account

of orders
1718 Payments rcvd orders 19% VAT
(liablt) 2,100.84 18,781.51
Trade payables
1600 Trade payables 212,119.53 161,708.28
Carry forward 2,837,209.35 2,839,020.90
© DATEV eG Page 24
as at 31/12/2017
Equity and liabilities

Carry forward 2,837,209.35 2,839,020.90
Other liabilities
0755 Liablts to shrehldrs/prtnrs o/s
distrbtn 110,437.50 125,162.50
1400 Trade receivables 2,500.00 3,917.98
1593 Allctn acc payments rcvd
account orders 2,500.00- 22,350.00-
1700 Other liabilities 2,043.34 2,361.66
1736 Liabilities from taxes and levies 0.00 18,291.06
1741 Wage and church tax payables 9,783.52 11,149.98
1746 Liab. tax withheld open distrib. 39,562.50 44,837.50
1797 VAT liabilities 15,714.02 177,540.88 0.00
Total Equity and liabilities 3,014,750.23 3,022,391.58
© DATEV eG Page 25
Income statement accounts
from 01.01.2016 to 31.12.2016

Sales
8120 Tax-exempt third-country re-
venue 37,353.12 42,469.20
8125 Tax-exempt EU revenue 151,493.04 209,735.10
8336 Tax-exemt other serv. s. 18b
UStG 11,193.09 15,850.30
8400 Rev. from kitchens/furnitures,
19% VAT 1,240,932.30 1,311,526.97
8401 Revenue from roofes,19% VAT 157,394.93 0.00
8402 Revenue, 19% VAT 80,000.00 0.00
8405 Rev. from windows/doors/floors,
19% VAT 514,318.68 830,856.37
8406 Revenue from Others, 19% VAT 272,914.82 355,824.04
8407 Revenue real wood, 19% VAT 46,719.28 561,392.20
8730 Cash discounts granted 873.54- 708.24-
8736 Cash discounts granted, 19%
VAT 9,307.71- 10,925.67-
8742 Cash disc rev other services s.
18b UStG 350.98- 593.13-
8743 Sales disc tax-xmpt intra-EU
deliveries 715.65- 2,501,071.38 2,290.24-
Decrease in finished goods in-

ventories and work in progress
8960 Inventory changes – unfinished
goods 459.29 366.57
8980 Inventory changes – finished
goods 1,036.48 1,495.77 1,246.18-
Income from disposal of items

of fixed assets and from re-
versal of write-downs of items
of fixed assets
2315 Disposals tangible assets (book
gain) 2.00- 731,437.00-
8820 Rev. sales fixed ass., 19% VAT
(bk gain) 150.00 148.00 750,250.00
Income from reversal of global

valuation allowance on recei-
vables
2730 Incm rdctn globl valuatn allownc
on rec 1,154.00 0.00
Income from reversal of pro-

visions
2735 Income from reversal of pro-
visions 10,150.00 15,676.00
Carry forward 2,511,027.61 3,348,505.51
© DATEV eG Page 26
from 01.01.2016 to 31.12.2016

Carry forward 2,511,027.61 3,348,505.51
Miscellaneous other operating

income
2731 Incm rdctn spec valuatn allownc
rcvbl 0.00 490.00
8605 Other regular operating income 0.34 0.30
8611 Allctd.oth.n-c bnfts provsn car,
19% VAT 3,529.44 3,529.78 3,529.44
Cost of raw materials, con-

sumables and supplies and of
purchased merchandise
3030 Purchases of lumber/veneers
19% inp. tax 324,239.26 234,708.59
3031 Purchases of chipboard, 19%
inp. tax 62,617.51 104,011.05
3032 Purchases paints/varnishes,
19% inp. tax 74,088.99 84,462.27
3033 Purchases coated boards, 19%
inp. tax 186,959.08 243,722.14
3039 Purch. oth. rm./con./supp., 19%
inp. tax 70,569.78 112,320.58
3062 Cost r/c/s, intra-EU, 19% i.t./
VAT 123,847.99 162,863.52
3400 Cost of merch., real wood, 19%
inp. tax 103,319.59 184,966.50
3401 Cost of merch., Others, 19%
inp. tax 67,798.36 157,559.87
3736 Cash discounts received, 19%
input t. 1,375.94- 1,406.32-
3738 Cash disc. rcvd r/c/s, 19%
input tax 3,354.11- 3,597.72-
3748 Cash disc. txbl int-EU acqu, 19%
tx/VAT 896.10- 1,381.86-
3955 Changes in inventories 879.01 1,008,693.42 420.40-
Cost of purchased services

3106 Purchased services, 19% inp.
tax 102,770.36 221,652.82
3123 Other services EU 19% inpt tax /
VAT 7,737.78 13,373.81
3151 Cash disc.rcvd serv 13b UStG,
19% tx/VAT 243.79- 110,264.35 484.31-
Wages and salaries

4100 Wages and salaries 21,839.25 21,839.25
4110 Wages 336,207.91 545,891.04
Carry forward 358,047.16 1,395,599.62 1,272,444.42
© DATEV eG Page 27
from 01.01.2016 to 31.12.2016

Carry forward 358,047.16 1,395,599.62 1,272,444.42
Wages and salaries

4120 Salaries 236,446.80 233,212.44
4124 Mangng dir. salar. shrehldrs LLC
(GmbH) 108,000.00 102,000.00
4126 Management bonuses share-
holder managers 21,811.00 17,510.00
4145 Volunt. social bnfts subj to wage
tax 4,200.00 4,200.00
4149 Flat-rate tax on other benefits 60.60 60.60
4175 Travel expn reim brsmnt–home/
workplc 600.00 600.00
4190 Casual labour wages 4,800.02 4,800.00
4194 Flat-rate taxes marg part-time
workers 12.00 12.00
4195 Wages for marginal part-time
work 600.00 600.00
4199 Flat-rate tax on casual labour
wages 96.00 734,673.58 96.00
Social security, post-employ-

ment and other employee
benefit costs
4130 Statutory social security ex-
penses 33,777.54 126,231.40
4138 Contrb. to occup. health/safety
agency 5,200.00 5,200.00
4144 Social sec. contr. marginal p-t
workers 168.00 168.00
4165 Cost of old age pensions 4,810.52 43,956.06 4,725.36
Depreciation, amortisation and

write-downs
Amortisation and write-downs

of intangible fixed assets and
depreciation and write downs
of tangible fixed assets
4830 Depreciation of tangible fixed
assets 15,891.50 21,486.09
4831 Depreciation of buildings 21,579.00 28,414.00
4832 Depreciation of motor vehicles 4,291.00 5,427.00
4862 Wrt-dwns of assets (collective
item) 694.02 42,455.52 863.00
Occupancy costs
4200 Occupancy costs 12,600.00 18,600.00
Carry forward 12,600.00 574,514.46 698,238.53
© DATEV eG Page 28
from 01.01.2016 to 31.12.2016

Carry forward 12,600.00 574,514.46 698,238.53
Occupancy costs
4210 Rent (immovable property) 24,000.00 34,000.00
4240 Gas, electricity, water 32,502.30 43,666.32
4250 Cleaning 11,492.26 18,957.37
4260 Maintenance of operating pre-
mises 2,239.41 2,232.44
4270 Levies real property used ope-
rating prps 4,577.46 4,393.95
4280 Other occupancy costs 3,348.54 90,759.97 3,838.08
Insurance premiums, fees and

contributions
4360 Insurance premiums 14,491.16 23,762.46
4380 Contributions 465.00 14,956.16 465.00
Cost of third-party repairs and

maintenance
4800 Repairs/maintenance tech.
equipm./machin. 10,789.75 15,360.32
4805 Repairs/maintenance operat/
office equipm 1,779.07 2,284.72
4806 Hardware / software mainten-
ance expenses 1,120.04 13,688.86 1,400.14
Vehicle fleet expenses

4520 Motor vehicle insurance 6,098.10 8,470.00
4530 Current motor vehicle operat.
costs 14,354.96 21,400.11
4540 Motor vehicle repairs 10,638.15 18,038.55
4570 Operating leases (motor ve-
hicles) 21,277.56 52,368.77 30,169.56
Advertising and travel ex-

penses
4600 Advertising costs 3,171.59 4,681.58
4630 Gifts, deductible, without s. 37b
EStG 1,792.50 2,360.94
4635 Gifts, non-dedctbl, w/o s. 37b
EStG 457.98 453.45
4640 Corporate hospitality expenses 415.73 408.93
4651 Deductible entertainment
expenses 3,607.53 4,418.80
4654 Non-deductible entertainment
expenses 1,546.12 1,893.79
4663 Employee travel expnses, cost of
travel 2,045.56 2,659.27
Carry forward 13,037.01 402,740.70 452,922.75
© DATEV eG Page 29
from 01.01.2016 to 31.12.2016

Carry forward 13,037.01 402,740.70 452,922.75
Advertising and travel ex-

penses
4664 Employee trav. expn, addnl
substnc costs 4,411.90 10,168.00
4666 Employee trav. expn, accom-
modation costs 4,912.70 22,361.61 6,466.14
Selling and distribution ex-

penses
4710 Packaging materials 8,303.01 12,277.44
4730 Outgoing freight 600.82 1,545.89
4750 Transport insurance 445.00 9,348.83 731.00
Miscellaneous operating costs

4808 Addition provisions for internal
expns 0.00 70.00
4810 Operating leases fr technical
equipment 9,925.44 9,925.44
4900 Other operating expenses 65.00 0.00
4910 Postage 3,024.70 3,267.30
4920 Telephone 4,079.17 4,084.51
4921 Mobile telecommunications 2,449.82 2,449.04
4930 Office supplies 4,677.83 7,512.67
4940 Newspapers, books (specialist
lit.) 349.41 711.12
4945 Training costs 3,243.72 9,197.59
4950 Legal and consulting costs 2,787.39 3,347.21
4955 Bookkeeping costs 19,733.60 24,795.20
4957 Period-end closing and audit
costs 3,990.90 7,332.30
4969 Environmtl remed./ waste dis-
posal expns 18,429.92 21,060.04
4970 Incidental monetary transaction
costs 761.54 924.21
4980 Operating supplies 1,265.38 12,486.21
4985 Tools and minor equipment 3,948.50 78,732.32 3,962.04
Losses on disposal of fixed

assets
2310 Disposals tangible assets (book
loss) 70.00 17,108.00
8801 Rev. sales fixed ass., 19% VAT
(bk loss) 50.00- 20.00 0.00
Carry forward 292,277.94 293,501.40
© DATEV eG Page 30
from 01.01.2016 to 31.12.2016

Carry forward 292,277.94 293,501.40
Losses on write-downs or on
disposal of current assets and
transfers to valuation all-
owances on receivables
2406 Bad debt allowances 19% VAT 1,009.43 1,168.55
2450 Transfrs globl valuatn allownc
rcvbls 0.00 347.00
2451 Transfer spec. valuatn allownc
rcvbls 659.00 1,668.43 0.00
Miscellaneous other operating

expenses
2381 Non-cash bnfts,dntns scientfc/
cult. prps 2,692.00 2,639.00
2382 Non-cash bnfts,dntns for cha-
ritable prps 4,300.00 6,992.00 24,324.00
Income from long-term equity

investments
2615 Income fr. investments ptly tax-
free 2,092.30 2,135.00
Other interest and similar in-

come
2146 Int.exp.disc.provsns pens.,
offsetting 4,472.98- 0.00
2147 Expns ass. offsetting s 246(2)
HGB 6,000.00- 0.00
2650 Other interest and similar in-
come 9,523.23 11,775.51
2684 Interest income discount. pro-
visions 1,219.27 1,615.15
2687 Incm ass. f. offsetting s 246(2)
HGB 11,695.00 11,964.52 0.00
Interest and similar expenses

2110 Interest expenses on short-term
debt 17,901.39 39,656.10
2120 Interest expense on long-term
debt 3,970.66 9,967.90
2123 Amortisation of discount for
financing 704.99 1,872.72
2144 Interest expenses fr discount
provisions 143.61 140.45
2146 Int.exp.disc.provsns pens.,
offsetting 0.00 4,406.36
Carry forward 22,720.65 297,674.33 224,504.98
© DATEV eG Page 31
from 01.01.2016 to 31.12.2016

Carry forward 22,720.65 297,674.33 224,504.98
Interest and similar expenses

2147 Expns ass. offsetting s 246(2)
HGB 0.00 8,000.00
2687 Incm ass. f. offsetting s 246(2)
HGB 0.00 22,720.65 11,259.00-
Taxes on income
2200 Corporate income tax 40,114.00 48,359.00
2208 Solidarity surcharge 2,206.27 2,659.75
2213 Withholding tax investment
income, 25% 1,167.99 1,191.82
2216 Soliarity surcharge withholding
tax 25% 64.24 65.55
2255 Income addns./reversals de-
ferred taxes 0.00 25,756.29-
4320 Trade tax 43,055.00 86,607.50 51,673.00
Other taxes
2375 Land tax 1,080.00 3,880.00
4510 Motor vehicle tax 2,176.00 3,256.00 3,449.00
Net income for the financial

year
Net income for the financial year 185,090.18 142,242.15
Retained profits brought

forward
2860 Retained prfts after apprprtn net
prft 660,685.45 688,443.30
Appropriation to revenue
reserves
to other revenue reserves

2499 Appropriation other revenue
reserves 10,000.00 20,000.00
Net retained profits

Net retained profits 835,775.63 810,685.45
© DATEV eG Page 32

Report On The Preparation of The Annual Financial Statements As at

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DATEV Musterauswertung

Erstellungsbericht nach BStBK 4/2010 mit Anhang in Englisch

Report on the Preparation of the Annual Financial Statements

Weitere Informationen zum Thema "Englische Dokumentvorlagen: Erstellungsbericht nach BstBK

Informationsdatenbank im Dokument 1035794

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

1. Acceptance of the engagement 2

2. Basis of preparation of the annual financial statements 4

3. Reproduction of the attestation report 9

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

1. Acceptance of the engagement

1.1 Client and definition of the engagement

- hereinafter also abbreviated to "Musterholz GmbH" or "company" -

engagement type and thus no extended responsibilities as tax advisers.

German Commercial Code).

Amount in EUR 2017 2016 2015

Code) were not applied in preparing the annual financial statements.

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

1.2 Performance of the engagement

Steuerberatungsgesetz/StBerG – German Tax Advisory Services Act).

preparation of the closing entries.

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

2. Basis of preparation of the annual financial statements

2.1 Accounting records and inventory records, information provided

2.1.1 Net assets

lowing compared with the previous balance sheet date:

Total Assets 3,014.8 100.0 3,022.4 100.0 -7.6 -0.3

Rounding difference 0.2 0.1

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

2.1.2 Financial position

Cash flow statement

from operating, investing and financing activities.

movements and other factors affecting measurement.

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

Financial year Prior year

Net income/loss for the period 185,090.18 142,242.15

+Depreciation, amortisation and write-downs of fixed

- Decrease in provisions 11,160.66 23,559.10

+Decrease in inventories 2,374.78 1,300.01-

+Decrease in trade receivables 30,002.79 8,390.28-

+Decrease in other assets not attributable to investing

+Increase in trade payables 50,411.25 6,552.12-

- Decrease in other assets not attributable to investing

- Gain on disposal of fixed assets 148.00 18,813.00

+Loss on disposal of fixed assets 20.00 17,108.00

+Interest expense 4,675.65 11,840.62

- Other investment income 2,092.30 2,135.00

- Income tax income 0.00 25,756.29

+Income tax expense 86,607.50 103,949.12

Income tax expense/income 86,607.50- 78,192.83-

+/- Income taxes paid 94,265.98- 153,201.61-

Cash flows from operating activities 291,711.84 65,892.35

+Proceeds from disposal of tangible fixed assets 200.00 750,250.00

Karl-Friedrich Musterholz Schreinerei & Ladenbau GmbH

Financial year Prior year

- Purchase of tangible fixed assets 5,988.52 3,681.09

- Purchase of long-term financial assets 0.00 280,000.00

+Receipts from cash investments (short-term cash

- Payments for cash investments (short-term cash