The balance sheet reflects the holding company function of Demag Cranes AG. In this capacity, the Company manages and administers its Group member companies and associated companies and controls Group financing. This shows through in the size of its shareholdings in affiliates and in receivables to and liabilities from Group member companies. Total assets decreased by EUR 39.4 million to EUR 521.0 million. The decrease mainly resulted from a reduction in receivables from and liabilities to affiliated companies.

Investments and receivables from affiliated companies accounted for 87.4 percent of total assets (30 September 2009: 90.6 percent).

The Company and Group member companies are mainly financed through shareholders’ equity and a revolving syndicated master loan facility. The resulting amounts owed to banks came to EUR 105.0 million at 30 September 2010 (30 September 2009: EUR 105.0 million).

Demag Cranes AG had an equity ratio (equity to total assets) of 55.4 percent at the balance sheet date (30 September 2009: 48.1 percent). Of the Company’s total financing, 20.2 percent was secured through the master loan agreement (30 September 2009: 18.7 percent), 20.4 percent through affiliated companies (30 September 2009: 30.5 percent) and 4.0 percent through provisions and other liabilities (30 September 2009: 2.7 percent).

The Company had access to a sufficient and appropriate level of liquidity throughout financial year 2009/2010. Its solvency is ensured at all times by central resource equalisation under internal Group cash pooling, which comes under the Company’s central cash and foreign exchange management system.

In the past financial year, the Management Board and Supervisory Board jointly decided to propose a dividend of EUR 0.60 per share at the Annual General Meeting for financial year 2009/2010.