Solar Technology Case
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Transcript of Solar Technology Case
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Solar Technology Case
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Financial data on SMA Solar Technology Group(Source: Bloomberg)(Assumption: Data is based on December 31, 2009)
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Annual Report of SMA Solar Technology Group
Assumption:
1) P<he P&L data for December 31, 2009 and December 31, 2008 can be obtained by dividing the Q1 – Q3 financial figures by 3 and than multiplying it by 4.
2) Balance sheetThe balance sheet data are based on 12/31/2009 as well as 12/31/2008 and need not to be adjusted
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Annual Report of SMA Solar Technology Group
12/31/2009 12/31/2008
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Annual Report of SMA Solar Technology Group12/31/2009 12/31/2008
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Additional Information on
SMA Solar Technology Group:
- Depreciation and amortization for the entire financial year was €15.271 m (in 2009) and €8.205 m (in 2008)
- CAPEX for the entire financial year : €14.143 m (in 2009) and €9.075 m (in 2008)
- Peer group of SMA Solar Technology Group is Phoenix Solar Group (both companies are listed in the M DAX)
- IBL in 2009 are based on the positions “financial liabilities” and “other financial liabilities”i.e. 19.198m + 1.321m + 52.416m = 72.935m
- Provisions in 2009 are based on the position “other provisions” i.e. 32.525m + 21.513m = 54.038m
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Financial data on Phoenix Solar group (Source: Bloomberg)(Assumption: Data is based on December 31, 2009)
![Page 8: Solar Technology Case](https://reader035.fdocuments.us/reader035/viewer/2022070420/56815e28550346895dcc7fea/html5/thumbnails/8.jpg)
Annual Report of Phoenix Solar Group
Assumption:
1) P<he P&L data for December 31, 2009 and December 31, 2008 can be obtained by dividing the Q1 – Q3 financial figures by 3 and than multiplying it by 4.
2) Balance sheetThe balance sheet data are based on 12/31/2009 as well as 12/31/2008 and need not to be adjusted
![Page 9: Solar Technology Case](https://reader035.fdocuments.us/reader035/viewer/2022070420/56815e28550346895dcc7fea/html5/thumbnails/9.jpg)
12/31/2009 12/31/2008
Annual Report of Phoenix Solar Group
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12/31/2009 12/31/2008
Annual Report of Phoenix Solar Group
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Additional Information on
Phoenix Solar Group:
-Peer group of SMA Solar Technology Group is Phoenix Solar Group (both companies - are listed in the M DAX)
- IBL in 2009 are based on the positions “non-current financial liabilities”, -“current financial liabilities” and “other financial liabilities”i.e. 66 + 36 + 3,269 = 3,371
- Provisions in 2009 are based on the position “Non-current provisions” and “Current provisions”; i.e. 1, 975 + 638 = 2,613