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HOCHBAHN Annual Report 2015

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We link up Hamburg | Management | Management Report | Annual Financial Statements | Further Information Appendix of the HAMBURGER HOCHBAHN AKTIENGESELLSCHAFT as at 31 December 2015 General information The Annual Financial Statements for the Hamburger Hochbahn Aktiengesellschaft (HOCHBAHN) for 2015 have been drawn up according to the regulations of the German Commercial Code (HGB). In addition, the regulations of the German Stock Corporation Law have been adhered to. Pursuant to § 291 HGB (German Commercial Code), the Hamburger Hochbahn Aktiengesellschaft has exercised its right to waive the issuing of its own Group Financial Statements with Appendix and Group Management Report. The Group Financial Statements and Group Management Report which justify the waiver will be drawn up and published by our parent company, HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH, Hamburg. For better clarification, some Balance Sheet and Statement of Income items have been combined and are shown separately in the Appendix. Notes to the Balance Sheet and Statement of Income are also shown in the Appendix for reasons of clarification. Pursuant to § 265 Par. 5 HGB, we have further subdivided the Fixed Assets Movement Schedule of the HOCHBAHN. The HOCHBAHN has structured the Annual Financial Statements in line with the “Regulation concerning the Arrangement of Financial Statements for Transport Companies” (BGBI, Part 1, 1968) in conjunction with the First Ordinance amending the Regulation concerning the Arrangement of Financial Statements for Transport Companies (BGBI, Part I, 1988, p. 1057). The total expenditure type of presentation was used for the Statement of Income. The financial year is the calendar year. Accounting and valuation principles The assets and liabilities have been valued according to the same methods as in the previous year. Intangible assets and property, plant and equipment have been valued at purchasing or manufacturing costs less public subsidies and depreciations. In addition to directly assignable costs, proportional overheads have been included in the company’s own manufacturing costs for plant and facilities. Long-term fixed cost items included in the overheads have been eliminated by the deduction of a percentage amount. Depreciations have been calculated for the normal periods prescribed for operation according to our own experience and good practice and the guidelines drawn up for public transport operators. With the exception of U-Bahn rolling stock and buses, calculations for assets acquired after 30 June 1997 have generally been based on the depreciation table for “Passenger and goods transport (by road and rail)” issued by the Ministry of 46

Annual Report 2015 Finance from 1 July 1997, and on the depreciation table for “general-purpose capital goods” valid as from 1 January 2001, taking into account the estimated useful lives of the respective assets. The fuel cell hybrid buses being operated in a test phase will be, assuming appropriate financing for the project, depreciated over a shortened useful life of two years. Linear depreciation has been exclusively applied to all assets acquired after 1 January 2008. Assets acquired before 1 January 2008 are depreciated on a reducing balance basis with the exception of intangible assets, buildings, TV monitoring equipment, DT4 U-Bahn units and buses. Viaducts, station buildings, rail infrastructure relating to buildings are on publicly owned land belonging to the Free and Hanseatic City of Hamburg. Movable assets subject to depreciation with an acquisition cost of € 150 or less which can be used independently have been accounted for to their full value as operating expenditure. Movable assets subject to depreciation with an acquisition cost between € 150 and € 1000 which can be used independently have been grouped together as a collective item which will be dissolved using the linear method over five years decreasing the profit each year. Shares in affiliated companies, investments, securities and other loans have been entered at acquisition costs on the assets side. Where value impairments were apparent, the assets were measured at fair market value. Non-interest bearing and interest-bearing loans have similarly been entered at their fair values at that date. Auxiliary and operating materials are accounted for at weighted average costs. Inventories generated by the company have been calculated at manufacturing costs including overhead surcharges on wages and materials. Appropriate reductions in value have been made for recognisable depreciations. Accounts receivable and other assets are shown at nominal values. Risks have been accounted for by appropriate value adjustments. Liquid funds are shown at nominal value. 47

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