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ePaper created 2015-05-06, 08:22:31 | version 1.38.0
Table of contents 4 Letter from the Board of Management 7 Management and supervisory bodies of the Heraeus Group 8 Report of the Supervisory Board 12 Group management report 13 Fundamentals of the Group 15 Economic report 22 Precious Metals business group 24 Materials Technology business group 25 Sensors business group 26 Biomaterials and Medical Products business group 27 Quartz Glass business group 28 Specialty Light Sources business group 29 Employees 32 Outlook 34 Opportunity and risk report 42 Events after the reporting period 43 Consolidated financial statements 44 Consolidated balance sheet 46 Consolidated income statement 47 Consolidated statement of comprehensive income 48 Consolidated cash flow statement 49 Consolidated statement of changes in shareholders’ equity 50 Notes to the consolidated financial statements 50 Significant accounting policies 67 Significant Group acquisitions and disposals 70 Notes to the consolidated balance sheet 94 Notes to the consolidated income statement 99 Notes to the consolidated cash flow statement 101 Further disclosures regarding financial instruments 112 Other disclosures 114 Additional disclosures pursuant to the German Commercial Code (HGB) 121 Auditors’ opinion Multi-year overview Legal notice