assess whether e has to recognize a provision in its financial statements as at dec 613399

Conergy AG (2011)

Group management report 2011 [extract]

The Conergy Group [extract]

Organizational and legal parameters [extract]

The Conergy Group”s business was divided into the following segments in the 2011 financial year: Germany, Europe without Germany, Americas, Asia-Pacific, Components and Holding…

… Segment reporting for the 2012 financial year will be adjusted to reflect the changed allocation of responsibilities in the Management Board of Conergy AG and the resulting requirements of the newly constituted Management Board with respect to reporting. In future the new segment reporting will comprise two regional segments and one central segment (“Holding” segment), which will be represented by the Chairman of the Management Board and the Chief Financial Officer. Segment classification will correspond to the internal control and reporting systems of the reporting year 2012. The previous segments, “Europe without Germany” and “Germany”, will be combined into a “Europe” segment. The Europe segment will also include central procurement, logistics, supply chain management and quality management. Until 2011 these activities had been grouped in the Holding segment. In future all modules, mounting systems and module frames that are produced for and sold in the European and German market will be reported under the Europe segment. The modules, mounting systems and module frames manufactured for and sold in the Asian and American markets will in future be reported under a new segment entitled Asia Pacific and Americas (APAM), which combines the previously separate Asia-Pacific and Americas segments…