Rümlang, 14 December 2016 - dormakaba Holding AG (based in Rümlang, Switzerland) submitted consolidated financial statements and a Group Management Report for the 2015/2016 financial year (from 1 July 2015 to 30 June 2016) to the German Federal Gazette today. This removes the obligation for the wholly-owned subsidiary dormakaba Holding GmbH + Co KGaA (based in Ennepetal, Germany) to produce particularly consolidated financial statements for its subgroup according to § 315 of the Deutsches Handelsgesetzbuch (HGB, German Commercial Code).
Under § 290 of the HGB, dormakaba Holding GmbH + Co KGaA is obliged to prepare consolidated financial statements to the end of the financial year, and under § 315 HGB it is obliged to prepare a Group Management Report. Under § 292 HGB, however, dormakaba Holding GmbH + Co KGaA is exempt from these obligations if consolidated financial statements and a Group Management Report (made in accordance with the rule 2013/2014/EU and consistent with the international accounting standards mentioned in § 315a article 1 HGB or a Group Management Report equally structured) are produced and published at the level of the parent company in Switzerland. dormakaba Holding GmbH + Co KGaA was fully consolidated in dormakaba Group’s consolidated financial statements, which the overall parent company, dormakaba Holding AG, prepared as at 30 June 2016.
In addition to the requirements of Swiss GAAP FER, dormakaba Holding AG has voluntarily produced a separate Group Management Report that meets the requirements of the Schweizer Obligationenrecht (OR, Swiss Code of Obligations), particularly Art. 961c, as well as those of § 315 HGB and Deutsche Rechnungslegungsstandard No. 20 (DRS, German Accounting Standard).
All the financial information and figures published in the 2015/2016 Group Management Report match those that were published on 7 September 2016 in dormakaba Holding AG’s 2015/2016 Annual Report.
dormakaba Holding AG’s 2015/2016 Group Management Report can be found at: https://www.dormakaba.com/en/investor-relations/reports-presentations/group-management-report